Arch Capital Group Ltd. (NASDAQ:ACGL) Stake Raised by Investment Management Corp of Ontario

Investment Management Corp of Ontario raised its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 10.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,015 shares of the insurance provider’s stock after acquiring an additional 4,100 shares during the quarter. Investment Management Corp of Ontario’s holdings in Arch Capital Group were worth $4,813,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ACGL. Sequoia Financial Advisors LLC lifted its stake in Arch Capital Group by 2.6% during the second quarter. Sequoia Financial Advisors LLC now owns 20,871 shares of the insurance provider’s stock valued at $2,106,000 after purchasing an additional 519 shares during the last quarter. Cetera Advisors LLC increased its holdings in shares of Arch Capital Group by 70.9% in the first quarter. Cetera Advisors LLC now owns 13,700 shares of the insurance provider’s stock valued at $1,266,000 after buying an additional 5,684 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Arch Capital Group by 10.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider’s stock valued at $8,024,000 after acquiring an additional 6,521 shares during the last quarter. Banque Cantonale Vaudoise boosted its stake in shares of Arch Capital Group by 172.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 55,423 shares of the insurance provider’s stock worth $6,201,000 after acquiring an additional 35,060 shares in the last quarter. Finally, Metis Global Partners LLC grew its holdings in shares of Arch Capital Group by 26.6% in the 3rd quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider’s stock worth $2,849,000 after acquiring an additional 5,345 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Up 0.2 %

ACGL opened at $99.53 on Wednesday. The company has a market capitalization of $37.45 billion, a P/E ratio of 6.68, a P/E/G ratio of 1.58 and a beta of 0.62. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. The firm’s fifty day moving average price is $105.11 and its two-hundred day moving average price is $103.45. Arch Capital Group Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.05. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the business earned $2.31 EPS. On average, analysts anticipate that Arch Capital Group Ltd. will post 8.99 EPS for the current year.

Arch Capital Group Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be paid a $5.00 dividend. The ex-dividend date of this dividend is Monday, November 18th.

Wall Street Analysts Forecast Growth

ACGL has been the subject of several analyst reports. Jefferies Financial Group upped their target price on Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Roth Mkm raised their target price on shares of Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Bank of America reduced their price target on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Wells Fargo & Company lowered their price objective on shares of Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. Finally, BMO Capital Markets raised their target price on Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 6th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $118.38.

Arch Capital Group Company Profile

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.