Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Perpetual Ltd

Perpetual Ltd reduced its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,109 shares of the insurance provider’s stock after selling 2,950 shares during the period. Perpetual Ltd’s holdings in Arch Capital Group were worth $7,952,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Quantbot Technologies LP acquired a new stake in Arch Capital Group during the third quarter worth approximately $25,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Arch Capital Group during the 3rd quarter worth $46,000. UMB Bank n.a. boosted its holdings in shares of Arch Capital Group by 41.9% during the third quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 126 shares during the last quarter. Asset Dedication LLC grew its position in shares of Arch Capital Group by 188.1% in the third quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 284 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new position in Arch Capital Group in the third quarter valued at $50,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Price Performance

ACGL opened at $94.88 on Wednesday. Arch Capital Group Ltd. has a twelve month low of $78.67 and a twelve month high of $116.47. The firm has a market cap of $35.70 billion, a price-to-earnings ratio of 6.37, a PEG ratio of 1.55 and a beta of 0.64. 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 fifty day simple moving average of $94.93 and a 200 day simple moving average of $101.54.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.05. The business had revenue of $4.72 billion for the quarter, compared to analyst estimates 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 company earned $2.31 earnings per share. Equities research analysts expect that Arch Capital Group Ltd. will post 8.86 EPS for the current fiscal year.

Arch Capital Group Announces Dividend

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

Wall Street Analyst Weigh In

ACGL has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered their price target on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. BMO Capital Markets upped their price target 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. Barclays decreased their price target on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. JMP Securities upped their price objective on Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 15th. Finally, Bank of America reduced their target price on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Arch Capital Group currently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

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.