MML Investors Services LLC Has $3.91 Million Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

MML Investors Services LLC boosted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 6.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 34,920 shares of the insurance provider’s stock after acquiring an additional 2,104 shares during the quarter. MML Investors Services LLC’s holdings in Arch Capital Group were worth $3,907,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Arch Capital Group by 1.1% during the third quarter. State Street Corp now owns 16,587,446 shares of the insurance provider’s stock worth $1,855,803,000 after buying an additional 172,628 shares in the last quarter. Principal Financial Group Inc. grew its position in Arch Capital Group by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock worth $832,246,000 after acquiring an additional 337,786 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Arch Capital Group by 1.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,124,251 shares of the insurance provider’s stock worth $573,301,000 after purchasing an additional 49,426 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Arch Capital Group by 6.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,925,288 shares of the insurance provider’s stock valued at $396,026,000 after purchasing an additional 244,285 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Arch Capital Group by 10.1% during the second quarter. Legal & General Group Plc now owns 3,455,949 shares of the insurance provider’s stock valued at $348,671,000 after purchasing an additional 316,070 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Down 0.5 %

Shares of Arch Capital Group stock opened at $93.42 on Friday. The stock’s 50-day moving average is $102.03 and its 200 day moving average is $103.06. Arch Capital Group Ltd. has a one year low of $72.85 and a one year high of $116.47. The firm has a market cap of $35.15 billion, a price-to-earnings ratio of 6.27, a PEG ratio of 1.50 and a beta of 0.62. 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, topping analysts’ consensus estimates of $1.94 by $0.05. The firm 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 period in the prior year, the business earned $2.31 EPS. Equities research analysts anticipate that Arch Capital Group Ltd. will post 8.99 EPS for the current year.

Arch Capital Group Dividend Announcement

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

Analyst Ratings Changes

ACGL has been the subject of several recent research reports. Evercore ISI upped their price objective on Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. raised their price target 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. Royal Bank of Canada cut their price target on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Jefferies Financial Group increased their price objective on Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Bank of America cut 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 investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently 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.