Arch Capital Group Ltd. (NASDAQ:ACGL) Position Reduced by Private Trust Co. NA

Private Trust Co. NA reduced its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 26.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,117 shares of the insurance provider’s stock after selling 399 shares during the quarter. Private Trust Co. NA’s holdings in Arch Capital Group were worth $125,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Brown Brothers Harriman & Co. lifted its holdings in shares of Arch Capital Group by 15.2% in the third quarter. Brown Brothers Harriman & Co. now owns 3,403 shares of the insurance provider’s stock valued at $381,000 after buying an additional 450 shares during the period. DRW Securities LLC raised its position in Arch Capital Group by 711.4% in the third quarter. DRW Securities LLC now owns 23,110 shares of the insurance provider’s stock worth $2,586,000 after acquiring an additional 20,262 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Arch Capital Group in the third quarter worth about $388,000. Daiwa Securities Group Inc. lifted its holdings in Arch Capital Group by 12.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 45,738 shares of the insurance provider’s stock valued at $5,117,000 after acquiring an additional 4,939 shares during the last quarter. Finally, Hartford Funds Management Co LLC boosted its position in shares of Arch Capital Group by 4.1% during the 3rd quarter. Hartford Funds Management Co LLC now owns 5,360 shares of the insurance provider’s stock valued at $600,000 after purchasing an additional 211 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Price Performance

Shares of ACGL opened at $100.72 on Friday. The business’s 50-day moving average is $105.65 and its 200-day moving average is $103.35. 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 has a market capitalization of $37.89 billion, a price-to-earnings ratio of 6.76, a P/E/G ratio of 1.60 and a beta of 0.61. Arch Capital Group Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $116.47.

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

Arch Capital Group Dividend Announcement

The company 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 dividend of $5.00 per share. The ex-dividend date of this dividend is Monday, November 18th.

Wall Street Analysts Forecast Growth

ACGL has been the topic of a number of research reports. JMP Securities boosted 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 report on Tuesday, October 15th. 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 report on Wednesday, August 7th. Citigroup raised their price objective on Arch Capital Group from $105.00 to $114.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Royal Bank of Canada cut their target price on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. upped their target price on Arch Capital Group from $108.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus 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.