National Wealth Management Group LLC Has $355,000 Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

National Wealth Management Group LLC raised its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 7.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,174 shares of the insurance provider’s stock after purchasing an additional 233 shares during the period. National Wealth Management Group LLC’s holdings in Arch Capital Group were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Quantbot Technologies LP acquired a new position in Arch Capital Group in the third quarter valued at approximately $25,000. UMB Bank n.a. bought a new position in shares of Arch Capital Group in the 2nd quarter worth $30,000. Baldwin Brothers LLC MA grew its stake 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 worth $31,000 after purchasing an additional 104 shares during the period. Rothschild Investment LLC acquired a new stake in shares of Arch Capital Group during the second quarter worth $35,000. Finally, LRI Investments LLC bought a new stake in Arch Capital Group in the first quarter valued at about $38,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Up 0.3 %

Arch Capital Group stock opened at $100.74 on Thursday. The company has a fifty day simple moving average of $106.11 and a 200 day simple moving average of $103.39. 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 1-year low of $72.85 and a 1-year high of $116.47. The company has a market cap of $37.90 billion, a P/E ratio of 6.76, a price-to-earnings-growth ratio of 1.59 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 (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 business had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the business earned $2.31 earnings per share. Research analysts anticipate that Arch Capital Group Ltd. will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be paid a dividend of $5.00 per share. The ex-dividend date of this dividend is Monday, November 18th.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ACGL shares. Wells Fargo & Company reduced their target price on Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Royal Bank of Canada lowered their target price on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Jefferies Financial Group lifted their price target on shares of Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price target on shares of Arch Capital Group from $108.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods raised their price objective on Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $118.38.

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.