Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Holdings Raised by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 245.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,053,739 shares of the insurance provider’s stock after purchasing an additional 2,168,897 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Arch Capital Group were worth $341,652,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ACGL. Sequoia Financial Advisors LLC boosted its holdings in shares of Arch Capital Group by 2.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 20,871 shares of the insurance provider’s stock valued at $2,106,000 after buying an additional 519 shares during the period. Cetera Advisors LLC boosted its stake in Arch Capital Group by 70.9% in the first quarter. Cetera Advisors LLC now owns 13,700 shares of the insurance provider’s stock valued at $1,266,000 after acquiring an additional 5,684 shares during the period. Banque Cantonale Vaudoise raised its position in shares of Arch Capital Group by 172.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 55,423 shares of the insurance provider’s stock worth $6,201,000 after purchasing an additional 35,060 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Arch Capital Group by 10.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider’s stock worth $8,024,000 after purchasing an additional 6,521 shares during the last quarter. Finally, Metis Global Partners LLC boosted its position in Arch Capital Group by 26.6% during the 3rd quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider’s stock valued at $2,849,000 after purchasing an additional 5,345 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ACGL shares. JMP Securities raised their target price on Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 15th. TD Cowen boosted their target price on shares of Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Bank of America dropped their price target on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company cut their target price on 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. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.38.

Arch Capital Group Price Performance

ACGL stock opened at $100.72 on Friday. Arch Capital Group Ltd. has a one year low of $72.85 and a one year high of $116.47. The firm has a 50-day moving average of $105.65 and a two-hundred day moving average of $103.35. The firm has a market capitalization of $37.89 billion, a PE ratio of 6.76, a P/E/G ratio of 1.60 and a beta of 0.61. 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 (NASDAQ:ACGL) last announced its 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 the consensus estimate of $4.05 billion. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same period in the previous year, the business earned $2.31 EPS. On average, analysts forecast that Arch Capital Group Ltd. will post 8.99 earnings per share for the current year.

Arch Capital Group Dividend Announcement

The firm 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 dividend of $5.00 per share. The ex-dividend date of this dividend is Monday, November 18th.

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.