Healthcare of Ontario Pension Plan Trust Fund Makes New Investment in Arch Capital Group Ltd. (NASDAQ:ACGL)

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 88,000 shares of the insurance provider’s stock, valued at approximately $9,845,000.

A number of other institutional investors have also made changes to their positions in ACGL. Farther Finance Advisors LLC lifted its holdings in Arch Capital Group by 12.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock worth $100,000 after buying an additional 101 shares in the last quarter. Fiduciary Financial Group LLC grew its stake in Arch Capital Group by 2.8% during the 3rd quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider’s stock valued at $415,000 after purchasing an additional 103 shares in the last quarter. Baldwin Brothers LLC MA increased its holdings in Arch Capital Group by 50.7% during the 2nd 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 last quarter. Fidelis Capital Partners LLC boosted its stake in shares of Arch Capital Group by 3.1% during the 2nd quarter. Fidelis Capital Partners LLC now owns 3,553 shares of the insurance provider’s stock valued at $344,000 after buying an additional 106 shares during the last quarter. Finally, KG&L Capital Management LLC grew its position in shares of Arch Capital Group by 1.1% during the third quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock worth $1,214,000 after buying an additional 115 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Stock Performance

Shares of ACGL opened at $100.72 on Friday. The firm has a market capitalization of $37.89 billion, a PE ratio of 6.76, a P/E/G ratio of 1.60 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. The firm has a 50-day moving average price of $105.65 and a 200 day moving average price of $103.35. Arch Capital Group Ltd. has a 52-week low of $72.85 and a 52-week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data 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 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 quarter last year, the business earned $2.31 earnings per share. On average, sell-side 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 company also recently disclosed a special dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be issued a $5.00 dividend. The ex-dividend date is Monday, November 18th.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. TD Cowen raised their price objective on shares of Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Keefe, Bruyette & Woods increased their target price on Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Wells Fargo & Company lowered their price target on Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating for the company in a report on Tuesday, November 19th. BMO Capital Markets raised their price objective on Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 6th. Finally, StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Arch Capital Group presently 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.