Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Bamco Inc. NY

Bamco Inc. NY decreased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,725,357 shares of the insurance provider’s stock after selling 194,843 shares during the quarter. Arch Capital Group makes up 6.2% of Bamco Inc. NY’s holdings, making the stock its 2nd biggest position. Bamco Inc. NY owned about 5.51% of Arch Capital Group worth $2,318,753,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Quantbot Technologies LP acquired a new stake in Arch Capital Group in the 3rd quarter worth about $25,000. UMB Bank n.a. acquired a new stake in shares of Arch Capital Group in the second quarter worth approximately $30,000. Baldwin Brothers LLC MA increased its position in shares of Arch Capital Group by 50.7% during the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 104 shares in the last quarter. Rothschild Investment LLC acquired a new position in Arch Capital Group in the 2nd quarter valued at $35,000. Finally, Compagnie Lombard Odier SCmA acquired a new position in Arch Capital Group in the 3rd quarter valued at $46,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Down 0.0 %

NASDAQ ACGL opened at $100.72 on Monday. 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 stock has a market capitalization of $37.90 billion, a P/E ratio of 6.76, a PEG ratio of 1.60 and a beta of 0.61. The firm’s 50-day moving average is $105.40 and its two-hundred day moving average is $103.41. Arch Capital Group Ltd. has a 12 month low of $72.85 and a 12 month high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping 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 firm had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the business posted $2.31 EPS. On average, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.99 earnings per share for the current year.

Arch Capital Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ACGL shares. Bank of America reduced their target price 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. JPMorgan Chase & Co. upped their price objective on shares of Arch Capital Group from $108.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Wells Fargo & Company decreased 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, November 19th. Royal Bank of Canada dropped 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. Finally, JMP Securities lifted their price objective on Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Arch Capital Group presently has an average rating of “Moderate Buy” and an average target price of $118.38.

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.