Mediolanum International Funds Ltd Sells 22,697 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Mediolanum International Funds Ltd reduced its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 12.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 157,423 shares of the insurance provider’s stock after selling 22,697 shares during the period. Mediolanum International Funds Ltd’s holdings in Arch Capital Group were worth $14,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of ACGL. State Street Corp grew its position in shares of Arch Capital Group by 1.1% during the 3rd quarter. State Street Corp now owns 16,587,446 shares of the insurance provider’s stock valued at $1,855,803,000 after acquiring an additional 172,628 shares during the period. Geode Capital Management LLC grew its holdings in Arch Capital Group by 2.4% during the third quarter. Geode Capital Management LLC now owns 10,830,263 shares of the insurance provider’s stock valued at $1,208,307,000 after purchasing an additional 253,648 shares during the period. Principal Financial Group Inc. increased its position in Arch Capital Group by 4.8% in the third quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock worth $832,246,000 after buying an additional 337,786 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Arch Capital Group by 1.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,124,251 shares of the insurance provider’s stock worth $573,301,000 after buying an additional 49,426 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Arch Capital Group by 245.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider’s stock valued at $341,652,000 after buying an additional 2,168,897 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ACGL. JMP Securities increased 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 decreased their price objective on shares of Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Bank of America dropped their target price on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 15th. Wells Fargo & Company decreased their price target on Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lowered their price objective on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Arch Capital Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Arch Capital Group Price Performance

ACGL stock opened at $93.07 on Friday. Arch Capital Group Ltd. has a 52 week low of $80.97 and a 52 week high of $116.47. The firm has a market capitalization of $35.02 billion, a P/E ratio of 6.25, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64. The company has a fifty day simple moving average of $94.17 and a two-hundred day simple moving average of $101.30. 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 results on Wednesday, October 30th. The insurance provider reported $1.99 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 company had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the business posted $2.31 earnings per share. Analysts anticipate that Arch Capital Group Ltd. will post 8.86 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

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

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.