Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Purchased by Huntington National Bank

Huntington National Bank raised its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 21.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,309 shares of the insurance provider’s stock after acquiring an additional 404 shares during the quarter. Huntington National Bank’s holdings in Arch Capital Group were worth $258,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Farther Finance Advisors LLC increased its holdings in shares of Arch Capital Group by 12.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock valued at $100,000 after purchasing an additional 101 shares during the period. Fiduciary Financial Group LLC increased its stake in Arch Capital Group by 2.8% in the 3rd quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider’s stock valued at $415,000 after buying an additional 103 shares during the period. Baldwin Brothers LLC MA lifted its position in Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after buying an additional 104 shares in the last quarter. Fidelis Capital Partners LLC lifted its position in Arch Capital Group by 3.1% in the 2nd quarter. Fidelis Capital Partners LLC now owns 3,553 shares of the insurance provider’s stock worth $344,000 after buying an additional 106 shares in the last quarter. Finally, KG&L Capital Management LLC grew its holdings in shares of Arch Capital Group by 1.1% during the 3rd quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock valued at $1,214,000 after acquiring an additional 115 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Up 1.8 %

Shares of Arch Capital Group stock opened at $101.83 on Friday. 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 1 year low of $72.85 and a 1 year high of $116.47. The company’s fifty day simple moving average is $108.03 and its 200-day simple moving average is $103.31. The company has a market cap of $38.31 billion, a price-to-earnings ratio of 6.83, a PEG ratio of 1.46 and a beta of 0.61.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data 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 net margin of 33.86% and a return on equity of 18.94%. The business had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the business earned $2.31 earnings per share. As a group, sell-side analysts expect that Arch Capital Group Ltd. will post 9.02 EPS for the current year.

Arch Capital Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ACGL shares. TD Cowen increased their price objective on Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Roth Mkm raised their price target on Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Evercore ISI boosted their price target on Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. Bank of America cut their price objective on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday. Finally, BMO Capital Markets boosted their target price on shares of 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 investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.94.

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.