Czech National Bank raised its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL – Free Report) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,247 shares of the insurance provider’s stock after acquiring an additional 4,951 shares during the period. Czech National Bank’s holdings in Arch Capital Group were worth $7,503,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in Arch Capital Group in the third quarter valued at $25,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Arch Capital Group during the 3rd quarter worth about $46,000. UMB Bank n.a. increased its stake in shares of Arch Capital Group by 41.9% in the 3rd quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock valued at $48,000 after purchasing an additional 126 shares in the last quarter. Asset Dedication LLC raised its holdings in Arch Capital Group by 188.1% in the 3rd quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock worth $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 3rd quarter worth about $50,000. Institutional investors and hedge funds own 89.07% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have commented on ACGL. Barclays dropped their price objective on 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. BMO Capital Markets lifted their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research note on Wednesday, November 6th. Bank of America reduced their price objective on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Jefferies Financial Group lifted their target price on shares of Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Six investment 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, Arch Capital Group currently has an average rating of “Moderate Buy” and an average price target of $118.00.
Arch Capital Group Price Performance
NASDAQ:ACGL opened at $91.99 on Wednesday. Arch Capital Group Ltd. has a one year low of $77.53 and a one year high of $116.47. The stock has a market cap of $34.61 billion, a PE ratio of 6.17, a P/E/G ratio of 1.49 and a beta of 0.64. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a 50 day moving average price of $95.60 and a 200 day moving average price of $101.73.
Arch Capital Group (NASDAQ:ACGL – Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 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 business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the firm earned $2.31 EPS. Equities research analysts expect that Arch Capital Group Ltd. will post 8.99 EPS for the current fiscal year.
Arch Capital Group Dividend Announcement
The company also recently announced 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.
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.
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