Quantinno Capital Management LP Boosts Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Quantinno Capital Management LP lifted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 7.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,485 shares of the insurance provider’s stock after purchasing an additional 4,949 shares during the quarter. Quantinno Capital Management LP’s holdings in Arch Capital Group were worth $8,110,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Royal London Asset Management Ltd. boosted its holdings in shares of Arch Capital Group by 8.0% in the 3rd quarter. Royal London Asset Management Ltd. now owns 258,101 shares of the insurance provider’s stock worth $28,876,000 after purchasing an additional 19,122 shares in the last quarter. Port Capital LLC boosted its holdings in shares of Arch Capital Group by 0.7% in the 3rd quarter. Port Capital LLC now owns 646,143 shares of the insurance provider’s stock worth $72,290,000 after purchasing an additional 4,654 shares in the last quarter. Investment Management Corp of Ontario boosted its holdings in shares of Arch Capital Group by 10.5% in the 3rd quarter. Investment Management Corp of Ontario now owns 43,015 shares of the insurance provider’s stock worth $4,813,000 after purchasing an additional 4,100 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Arch Capital Group by 120.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 104,303 shares of the insurance provider’s stock worth $11,669,000 after purchasing an additional 56,936 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Arch Capital Group by 1.4% during the 3rd quarter. Janus Henderson Group PLC now owns 44,916 shares of the insurance provider’s stock valued at $5,025,000 after acquiring an additional 600 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Stock Performance

Shares of ACGL opened at $98.49 on Friday. The business’s fifty day simple moving average is $104.55 and its two-hundred day simple moving average is $103.41. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 12 month low of $72.85 and a 12 month high of $116.47. The company has a market cap of $37.06 billion, a price-to-earnings ratio of 6.61, a P/E/G ratio of 1.58 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $4.05 billion. During the same period last year, the business posted $2.31 EPS. Research analysts anticipate that Arch Capital Group Ltd. will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Dividend Announcement

The firm also recently announced a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were paid a dividend of $5.00 per share. The ex-dividend date was Monday, November 18th.

Wall Street Analyst Weigh In

A number of research analysts have commented on ACGL shares. TD Cowen upped their price target on Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Jefferies Financial Group increased their target price on Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. BMO Capital Markets increased 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. JPMorgan Chase & Co. increased their target price on Arch Capital Group from $108.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $118.38.

Arch Capital Group 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.