Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Position Increased by Forsta AP Fonden

Forsta AP Fonden boosted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 22.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 124,800 shares of the insurance provider’s stock after buying an additional 23,200 shares during the period. Forsta AP Fonden’s holdings in Arch Capital Group were worth $11,525,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ACGL. Creative Planning increased its holdings in shares of Arch Capital Group by 14.4% in the second quarter. Creative Planning now owns 36,230 shares of the insurance provider’s stock valued at $3,655,000 after buying an additional 4,571 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Arch Capital Group by 18.8% during the second quarter. NewEdge Advisors LLC now owns 14,914 shares of the insurance provider’s stock valued at $1,505,000 after purchasing an additional 2,361 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Arch Capital Group by 18.4% in the 2nd quarter. Cetera Investment Advisers now owns 49,193 shares of the insurance provider’s stock valued at $4,963,000 after purchasing an additional 7,652 shares during the period. Sanctuary Advisors LLC purchased a new position in Arch Capital Group in the 2nd quarter worth about $5,412,000. Finally, M&R Capital Management Inc. raised its holdings in Arch Capital Group by 1.5% during the 3rd quarter. M&R Capital Management Inc. now owns 36,608 shares of the insurance provider’s stock worth $4,096,000 after buying an additional 548 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Stock Up 0.8 %

ACGL stock opened at $94.58 on Friday. Arch Capital Group Ltd. has a twelve month low of $80.97 and a twelve month high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The company has a market cap of $35.58 billion, a PE ratio of 6.35, a price-to-earnings-growth ratio of 1.52 and a beta of 0.64. The business’s 50-day simple moving average is $94.31 and its 200 day simple moving average is $101.32.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The firm had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the company posted $2.31 earnings per share. On average, research analysts anticipate that Arch Capital Group Ltd. will post 8.86 earnings per share for the current year.

Arch Capital Group Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ACGL shares. JPMorgan Chase & Co. dropped their target price on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Bank of America lowered their price objective on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Keefe, Bruyette & Woods reduced their target price on Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, January 10th. StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Evercore ISI increased their price objective on Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.