Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 9.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,980 shares of the insurance provider’s stock after acquiring an additional 890 shares during the quarter. Advisors Asset Management Inc.’s holdings in Arch Capital Group were worth $1,117,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Sequoia Financial Advisors LLC raised its position in shares of Arch Capital Group by 2.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 20,871 shares of the insurance provider’s stock worth $2,106,000 after purchasing an additional 519 shares during the period. Cetera Advisors LLC grew its stake in Arch Capital Group by 70.9% during the 1st quarter. Cetera Advisors LLC now owns 13,700 shares of the insurance provider’s stock worth $1,266,000 after buying an additional 5,684 shares during the last quarter. Swedbank AB acquired a new stake in Arch Capital Group in the first quarter worth $25,060,000. Price T Rowe Associates Inc. MD lifted its stake in Arch Capital Group by 0.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,052,549 shares of the insurance provider’s stock valued at $97,299,000 after buying an additional 7,109 shares during the last quarter. Finally, Banque Cantonale Vaudoise boosted its holdings in shares of Arch Capital Group by 172.2% during the third quarter. Banque Cantonale Vaudoise now owns 55,423 shares of the insurance provider’s stock valued at $6,201,000 after acquiring an additional 35,060 shares during the period. Institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ACGL. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. BMO Capital Markets boosted their price objective 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. Barclays began coverage on Arch Capital Group in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 target price on the stock. Evercore ISI boosted their price target on Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Finally, Bank of America lowered their price target 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 analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Arch Capital Group has an average rating of “Moderate Buy” and an average price target of $118.38.

Arch Capital Group Stock Up 0.4 %

NASDAQ ACGL opened at $100.06 on Tuesday. 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 capitalization of $37.65 billion, a P/E ratio of 6.72, a PEG ratio of 1.59 and a beta of 0.61. The company’s 50 day simple moving average is $106.38 and its 200 day simple moving average is $103.39. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.05. The company had revenue of $4.72 billion for 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 quarter in the prior year, the company earned $2.31 earnings per share. Equities research analysts expect that Arch Capital Group Ltd. will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

The business also recently announced a special dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be issued a dividend of $5.00 per share. 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.