Nomura Asset Management Co. Ltd. Has $12.44 Million Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Nomura Asset Management Co. Ltd. boosted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 5.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 111,229 shares of the insurance provider’s stock after purchasing an additional 5,614 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Arch Capital Group were worth $12,444,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC lifted its stake 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 valued at $100,000 after acquiring an additional 101 shares in the last quarter. Fiduciary Financial Group LLC lifted its holdings 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 during the last quarter. Fidelis Capital Partners LLC lifted 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 worth $344,000 after buying an additional 106 shares during the last quarter. KG&L Capital Management LLC boosted its holdings in shares of Arch Capital Group by 1.1% during the 3rd 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 during the period. Finally, Marks Group Wealth Management Inc lifted its position in Arch Capital Group by 4.2% during the third quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider’s stock worth $323,000 after acquiring an additional 115 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Trading Up 0.8 %

NASDAQ ACGL opened at $94.07 on Thursday. 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 stock’s 50 day moving average is $102.84 and its 200 day moving average is $103.20. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $116.47. The firm has a market capitalization of $35.39 billion, a PE ratio of 6.31, a P/E/G ratio of 1.56 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the firm earned $2.31 EPS. Research analysts forecast that Arch Capital Group Ltd. will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

The company also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were issued a $5.00 dividend. The ex-dividend date was Monday, November 18th.

Analysts Set New Price Targets

ACGL has been the subject of several analyst reports. TD Cowen lifted their price objective on shares of Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. JPMorgan Chase & Co. increased their price target on Arch Capital Group from $108.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Bank of America cut their target price on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Wells Fargo & Company dropped their price target on Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. Finally, Evercore ISI increased their price objective 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 research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to 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 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.