Aurora Investment Counsel Sells 6,286 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Aurora Investment Counsel lowered its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 43.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,185 shares of the insurance provider’s stock after selling 6,286 shares during the quarter. Aurora Investment Counsel’s holdings in Arch Capital Group were worth $916,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. acquired a new position in shares of Arch Capital Group during the second quarter valued at about $30,000. Baldwin Brothers LLC MA increased its holdings in shares of Arch Capital Group by 50.7% during the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 104 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of Arch Capital Group during the second quarter valued at about $35,000. LRI Investments LLC acquired a new position in shares of Arch Capital Group during the first quarter valued at about $40,000. Finally, Compagnie Lombard Odier SCmA acquired a new position in shares of Arch Capital Group during the third quarter valued at about $46,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ACGL has been the topic of several recent analyst reports. Evercore ISI upped their price objective on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. Wells Fargo & Company cut their price target on shares of Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating on the stock in a report on Tuesday. Roth Mkm increased their price target on shares of Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. increased their price target on shares of Arch Capital Group from $108.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Finally, TD Cowen increased their price target on shares of Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $118.38.

Arch Capital Group Trading Up 0.0 %

Arch Capital Group stock opened at $95.71 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 12 month low of $72.85 and a 12 month high of $116.47. The stock’s 50 day simple moving average is $107.15 and its two-hundred day simple moving average is $103.33. The firm has a market cap of $36.01 billion, a PE ratio of 6.42, a P/E/G ratio of 1.52 and a beta of 0.61.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the firm posted $2.31 EPS. Analysts anticipate 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 announced a special dividend, which will be paid on Wednesday, December 4th. Stockholders 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.

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.