Charles Schwab Investment Management Inc. Has $227.74 Million Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Charles Schwab Investment Management Inc. cut its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,035,552 shares of the insurance provider’s stock after selling 5,759 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.54% of Arch Capital Group worth $227,738,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ACGL. CreativeOne Wealth LLC acquired a new stake in Arch Capital Group during the first quarter worth about $219,000. Advisors Asset Management Inc. grew its holdings in shares of Arch Capital Group by 1.4% during the 1st quarter. Advisors Asset Management Inc. now owns 16,826 shares of the insurance provider’s stock worth $1,555,000 after purchasing an additional 231 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Arch Capital Group by 151.5% during the first quarter. Canada Pension Plan Investment Board now owns 254,721 shares of the insurance provider’s stock valued at $23,546,000 after purchasing an additional 153,421 shares during the period. LRI Investments LLC acquired a new position in shares of Arch Capital Group in the first quarter valued at $40,000. Finally, PEAK6 Investments LLC lifted its position in Arch Capital Group by 646.4% in the first quarter. PEAK6 Investments LLC now owns 35,882 shares of the insurance provider’s stock worth $3,317,000 after purchasing an additional 42,449 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Price Performance

ACGL opened at $99.69 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. The company’s 50 day simple moving average is $106.67 and its 200-day simple moving average is $103.35. Arch Capital Group Ltd. has a one year low of $72.85 and a one year high of $116.47. The stock has a market capitalization of $37.51 billion, a P/E ratio of 6.69, a price-to-earnings-growth ratio of 1.56 and a beta of 0.61.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping 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 company had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the company posted $2.31 earnings per share. Sell-side analysts anticipate that Arch Capital Group Ltd. will post 9.01 earnings per share for the current fiscal year.

Arch Capital Group Dividend Announcement

The firm also recently announced 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 is Monday, November 18th.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Jefferies Financial Group lifted their price objective on Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. JMP Securities increased their target price on Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 15th. Finally, Citigroup raised their target price on Arch Capital Group from $105.00 to $114.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $118.38.

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.