Commerce Bank Has $54.06 Million Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Commerce Bank lifted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 483,194 shares of the insurance provider’s stock after acquiring an additional 1,044 shares during the quarter. Commerce Bank’s holdings in Arch Capital Group were worth $54,060,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ACGL. Farther Finance Advisors LLC boosted its stake in Arch Capital Group by 12.8% during the third quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock worth $100,000 after buying an additional 101 shares in the last quarter. Fiduciary Financial Group LLC boosted its position in shares of Arch Capital Group by 2.8% during the 3rd quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider’s stock valued at $415,000 after acquiring an additional 103 shares in the last quarter. Baldwin Brothers LLC MA increased 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 acquiring an additional 104 shares during the period. Fidelis Capital Partners LLC raised its position in Arch Capital Group by 3.1% in the second quarter. Fidelis Capital Partners LLC now owns 3,553 shares of the insurance provider’s stock worth $344,000 after purchasing an additional 106 shares in the last quarter. Finally, KG&L Capital Management LLC lifted its stake in Arch Capital Group by 1.1% during the third quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock worth $1,214,000 after purchasing an additional 115 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on ACGL shares. Barclays initiated coverage on Arch Capital Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 target price for the company. Wells Fargo & Company reduced their target price on shares of Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating on the stock in a research note on Tuesday. Royal Bank of Canada dropped their target price on shares of 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. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Roth Mkm upped their price objective on shares of Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.38.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $95.69 on Wednesday. Arch Capital Group Ltd. has a 1 year low of $72.85 and a 1 year high of $116.47. The company’s 50-day moving average is $107.43 and its two-hundred day moving average is $103.39. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. The company has a market cap of $36.00 billion, a PE ratio of 6.42, a PEG ratio of 1.47 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, topping analysts’ consensus estimates of $1.94 by $0.05. The business had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same period in the previous year, the firm earned $2.31 earnings per share. Equities analysts anticipate that Arch Capital Group Ltd. will post 9.01 earnings per share for the current year.

Arch Capital Group Announces Dividend

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

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.