Ellsworth Advisors LLC Sells 463 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Ellsworth Advisors LLC decreased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,823 shares of the insurance provider’s stock after selling 463 shares during the period. Arch Capital Group comprises 1.3% of Ellsworth Advisors LLC’s holdings, making the stock its 27th largest holding. Ellsworth Advisors LLC’s holdings in Arch Capital Group were worth $5,063,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in Arch Capital Group by 12.8% during the third quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock worth $100,000 after acquiring an additional 101 shares in the last quarter. Fiduciary Financial Group LLC increased its position 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 worth $415,000 after purchasing an additional 103 shares in the last quarter. Fidelis Capital Partners LLC lifted its stake in Arch Capital Group by 3.1% in the 2nd quarter. Fidelis Capital Partners LLC now owns 3,553 shares of the insurance provider’s stock valued at $344,000 after purchasing an additional 106 shares during the last quarter. KG&L Capital Management LLC boosted its position in Arch Capital Group by 1.1% in the third quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock valued at $1,214,000 after buying an additional 115 shares in the last quarter. Finally, Marks Group Wealth Management Inc grew its stake in shares of 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 buying an additional 115 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Price Performance

Shares of ACGL opened at $95.51 on Monday. The firm has a market cap of $35.93 billion, a PE ratio of 6.41, a price-to-earnings-growth ratio of 1.41 and a beta of 0.64. Arch Capital Group Ltd. has a 52-week low of $77.53 and a 52-week high of $116.47. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. The business’s 50 day moving average price is $95.15 and its two-hundred day moving average price is $101.58.

Arch Capital Group (NASDAQ:ACGL) last issued its 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 net margin of 33.86% and a return on equity of 18.94%. The business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the firm earned $2.31 earnings per share. On average, equities analysts anticipate that Arch Capital Group Ltd. will post 8.85 EPS for the current year.

Arch Capital Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ACGL shares. Royal Bank of Canada cut their price objective on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. JMP Securities raised their price objective on shares of Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a report on Tuesday, October 15th. Jefferies Financial Group boosted their target price on shares of Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, BMO Capital Markets raised 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. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

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.