Transamerica Financial Advisors Inc. Acquires 1,256 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Transamerica Financial Advisors Inc. increased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 190.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,916 shares of the insurance provider’s stock after acquiring an additional 1,256 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Arch Capital Group were worth $215,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in shares of Arch Capital Group in the 3rd quarter valued at $25,000. UMB Bank n.a. acquired a new stake in Arch Capital Group in the second quarter valued at about $30,000. Baldwin Brothers LLC MA grew its position in Arch Capital Group by 50.7% in 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 during the last quarter. Rothschild Investment LLC acquired a new position in Arch Capital Group during the second quarter worth about $35,000. Finally, LRI Investments LLC acquired a new position in Arch Capital Group during the first quarter worth about $38,000. 89.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ACGL shares. Bank of America reduced their price target on shares of 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. Keefe, Bruyette & Woods boosted their target price on shares of Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Evercore ISI raised their price objective on Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. JMP Securities upped 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, TD Cowen lifted their price target on Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $118.38.

Arch Capital Group Stock Up 0.3 %

ACGL stock opened at $100.41 on Wednesday. The firm has a market capitalization of $37.78 billion, a PE ratio of 6.74, a P/E/G ratio of 1.59 and a beta of 0.61. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $116.47. The stock’s 50 day moving average is $106.38 and its 200-day moving average is $103.39.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. The business 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 period in the prior year, the firm posted $2.31 EPS. Sell-side analysts expect that Arch Capital Group Ltd. will post 8.99 EPS for the current fiscal year.

Arch Capital Group Announces Dividend

The business also recently declared a special dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be given a $5.00 dividend. 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.