Thompson Siegel & Walmsley LLC Sells 280,188 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Thompson Siegel & Walmsley LLC trimmed its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 75.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,931 shares of the insurance provider’s stock after selling 280,188 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Arch Capital Group were worth $10,173,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ACGL. UMB Bank n.a. bought a new stake in Arch Capital Group in the 2nd quarter worth approximately $30,000. Baldwin Brothers LLC MA lifted its holdings in shares of Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 104 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of Arch Capital Group in the 2nd quarter valued at $35,000. LRI Investments LLC bought a new position in shares of Arch Capital Group during the 1st quarter valued at $38,000. Finally, Versant Capital Management Inc raised its position in Arch Capital Group by 40.3% in the 2nd quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock worth $46,000 after purchasing an additional 131 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Bank of America reduced their price objective on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Royal Bank of Canada decreased their price target on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Keefe, Bruyette & Woods increased their price objective on Arch Capital Group from $120.00 to $121.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Roth Mkm lifted their target price on shares of Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, Barclays assumed coverage on shares of Arch Capital Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 price target for the company. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.38.

Arch Capital Group Price Performance

ACGL stock opened at $98.63 on Friday. 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 Ltd. has a 1 year low of $72.85 and a 1 year high of $116.47. The firm has a 50-day moving average of $106.91 and a 200 day moving average of $103.30. The company has a market cap of $37.11 billion, a P/E ratio of 6.62, a PEG 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, topping the consensus estimate of $1.94 by $0.05. The firm had revenue of $4.72 billion during the quarter, compared to analyst estimates 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 prior year, the company earned $2.31 EPS. On average, sell-side analysts forecast that Arch Capital Group Ltd. will post 9.01 EPS 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 $5.00 dividend. The ex-dividend date is Monday, November 18th.

Arch Capital Group 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.