Lifestyle Asset Management Inc. Purchases 299 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Lifestyle Asset Management Inc. raised its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,471 shares of the insurance provider’s stock after buying an additional 299 shares during the period. Arch Capital Group accounts for 0.7% of Lifestyle Asset Management Inc.’s investment portfolio, making the stock its 25th biggest holding. Lifestyle Asset Management Inc.’s holdings in Arch Capital Group were worth $1,283,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. purchased a new stake in Arch Capital Group during the second quarter worth about $30,000. Baldwin Brothers LLC MA lifted its stake in Arch Capital Group by 50.7% in the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 104 shares during the last quarter. Rothschild Investment LLC bought a new position in Arch Capital Group during the second quarter valued at $35,000. LRI Investments LLC purchased a new stake in Arch Capital Group in the first quarter worth $38,000. Finally, Versant Capital Management Inc lifted its position in shares of Arch Capital Group by 40.3% during the 2nd quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock valued at $46,000 after buying an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $99.80 on Friday. Arch Capital Group Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $116.47. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.60 and a current ratio of 0.58. The stock has a market cap of $37.53 billion, a P/E ratio of 6.70, a price-to-earnings-growth ratio of 1.36 and a beta of 0.61. The firm’s fifty day moving average price is $109.41 and its 200-day moving average price is $102.89.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The business had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the prior year, the firm earned $2.31 earnings per share. On average, equities research analysts expect that Arch Capital Group Ltd. will post 9.09 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

The company also recently announced a special dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be given a $5.00 dividend.

Insiders Place Their Bets

In other news, CFO Francois Morin sold 11,460 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $102.46, for a total value of $1,174,191.60. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $22,723,476.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ACGL shares. JMP Securities upped their price objective on shares of Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a report on Tuesday, October 15th. Barclays started coverage on shares of Arch Capital Group in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 price target on the stock. Citigroup lifted their price objective on shares of Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. BMO Capital Markets boosted their target price on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a report on Wednesday. Finally, Royal Bank of Canada reduced their price target on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.88.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.