CX Institutional Grows Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

CX Institutional raised its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 26.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 51,721 shares of the insurance provider’s stock after acquiring an additional 10,768 shares during the period. CX Institutional’s holdings in Arch Capital Group were worth $4,776,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC bought a new position in Arch Capital Group during the second quarter worth $4,167,000. AE Wealth Management LLC lifted its position in shares of Arch Capital Group by 15.2% in the 2nd quarter. AE Wealth Management LLC now owns 2,543 shares of the insurance provider’s stock worth $257,000 after buying an additional 336 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Arch Capital Group by 33.0% in the 2nd quarter. Bank of Montreal Can now owns 485,651 shares of the insurance provider’s stock valued at $49,619,000 after buying an additional 120,553 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Arch Capital Group by 61.3% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 71,845 shares of the insurance provider’s stock worth $7,248,000 after acquiring an additional 27,291 shares during the last quarter. Finally, AXA S.A. grew its holdings in shares of Arch Capital Group by 202.8% during the second quarter. AXA S.A. now owns 25,997 shares of the insurance provider’s stock valued at $2,623,000 after purchasing an additional 17,411 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

ACGL stock opened at $92.80 on Friday. The firm has a 50 day moving average of $94.63 and a two-hundred day moving average of $101.42. Arch Capital Group Ltd. has a 12 month low of $78.67 and a 12 month high of $116.47. The company has a market capitalization of $34.91 billion, a price-to-earnings ratio of 6.23, a P/E/G ratio of 1.52 and a beta of 0.64. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL) last released 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 business had revenue of $4.72 billion during 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 in the previous year, the business earned $2.31 EPS. As a group, equities analysts anticipate that Arch Capital Group Ltd. will post 8.86 EPS for the current fiscal year.

Arch Capital Group Announces Dividend

The business also recently declared a special dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were paid a dividend of $5.00 per share. The ex-dividend date of this dividend was Monday, November 18th.

Wall Street Analyst Weigh In

ACGL has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lowered their price objective on Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Barclays decreased their price target on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Bank of America cut their price objective on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Jefferies Financial Group increased their target price on shares of Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. decreased their target price on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Arch Capital Group has a consensus rating of “Moderate Buy” and a consensus price target 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.