Northwest & Ethical Investments L.P. Makes New Investment in Arch Capital Group Ltd. (NASDAQ:ACGL)

Northwest & Ethical Investments L.P. purchased a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 28,410 shares of the insurance provider’s stock, valued at approximately $3,179,000.

A number of other institutional investors also recently bought and sold shares of the business. Quantbot Technologies LP acquired a new stake in shares of Arch Capital Group during the 3rd quarter worth approximately $25,000. UMB Bank n.a. acquired a new stake in Arch Capital Group in the 2nd quarter valued at $30,000. Baldwin Brothers LLC MA grew its stake in Arch Capital Group by 50.7% in the 2nd 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 period. Rothschild Investment LLC acquired a new stake in Arch Capital Group in the 2nd quarter valued at $35,000. Finally, LRI Investments LLC acquired a new stake in Arch Capital Group in the 1st quarter valued at $38,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ACGL has been the topic of a number of research analyst reports. BMO Capital Markets lifted their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research note on Wednesday, November 6th. StockNews.com cut shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. JMP Securities lifted their target price on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 15th. Jefferies Financial Group lifted their target price on shares of Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Evercore ISI lifted their target price on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Arch Capital Group presently has an average rating of “Moderate Buy” and an average price target of $118.38.

Arch Capital Group Stock Up 0.3 %

NASDAQ ACGL opened at $100.74 on Friday. Arch Capital Group Ltd. has a 52 week low of $72.85 and a 52 week high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The business’s fifty day simple moving average is $105.87 and its 200-day simple moving average is $103.37. The firm has a market cap of $37.90 billion, a PE ratio of 6.76, a P/E/G ratio of 1.60 and a beta of 0.61.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.05. The firm had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same period in the previous year, the firm earned $2.31 EPS. As a group, equities analysts anticipate that Arch Capital Group Ltd. will post 8.99 earnings per share for the current year.

Arch Capital Group Announces Dividend

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

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.