Mutual of America Capital Management LLC Grows Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Mutual of America Capital Management LLC lifted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 82,518 shares of the insurance provider’s stock after purchasing an additional 2,107 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Arch Capital Group were worth $9,232,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its stake in shares of Arch Capital Group by 2.6% in the second 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 in the last quarter. Cetera Advisors LLC grew its position in Arch Capital Group by 70.9% in the 1st 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 in the last quarter. Swedbank AB purchased a new stake in Arch Capital Group during the first quarter worth about $25,060,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Arch Capital Group by 0.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,052,549 shares of the insurance provider’s stock valued at $97,299,000 after purchasing an additional 7,109 shares during the period. Finally, Signaturefd LLC grew its holdings in shares of Arch Capital Group by 6.8% in the third quarter. Signaturefd LLC now owns 2,952 shares of the insurance provider’s stock valued at $330,000 after purchasing an additional 187 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $101.83 on Monday. Arch Capital Group Ltd. has a 1 year low of $72.85 and a 1 year high of $116.47. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $38.31 billion, a PE ratio of 6.83, a P/E/G ratio of 1.47 and a beta of 0.61. The company has a fifty day moving average of $108.03 and a two-hundred day moving average of $103.36.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. The company had revenue of $4.72 billion during 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 quarter in the previous year, the business earned $2.31 earnings per share. As a group, analysts expect that Arch Capital Group Ltd. will post 9.01 earnings per share for the current year.

Arch Capital Group Announces Dividend

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.

Analyst Ratings Changes

Several brokerages have commented on ACGL. Royal Bank of Canada decreased their price target on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Wells Fargo & Company lowered their target price on Arch Capital Group from $126.00 to $118.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Bank of America cut their price target on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a report on Friday. Roth Mkm boosted their price objective on Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, JMP Securities upped their target price on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Arch Capital Group currently has an average rating of “Moderate Buy” and an average price target 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.