Arch Capital Group Ltd. (NASDAQ:ACGL) to Issue $5.00 Special Dividend

Arch Capital Group Ltd. (NASDAQ:ACGL) announced a special dividend on Thursday, November 7th,RTT News reports. Shareholders of record on Monday, November 18th will be given a dividend of 5.00 per share by the insurance provider on Wednesday, December 4th. The ex-dividend date of this dividend is Monday, November 18th.

Arch Capital Group Stock Performance

Shares of NASDAQ:ACGL opened at $101.83 on Friday. The firm’s 50 day simple moving average is $108.03 and its 200-day simple moving average is $103.31. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. Arch Capital Group has a one year low of $72.85 and a one year high of $116.47. The firm has a market cap of $38.31 billion, a PE ratio of 6.83, a price-to-earnings-growth ratio of 1.47 and a beta of 0.61.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping 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 return on equity of 18.94% and a net margin of 33.86%. During the same period last year, the business posted $2.31 EPS. As a group, equities analysts predict that Arch Capital Group will post 9.01 EPS for the current year.

Analyst Ratings Changes

ACGL has been the subject of several recent research reports. Wells Fargo & Company decreased their price objective on Arch Capital Group from $126.00 to $118.00 and set an “overweight” rating for the company in a report on Monday, November 4th. BMO Capital Markets upped their price target on shares of 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. Evercore ISI boosted their price objective on shares of 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. Jefferies Financial Group increased their target price on 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, JMP Securities lifted their price target on Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $118.94.

Arch Capital Group Company 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.