Robeco Institutional Asset Management B.V. lifted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL – Free Report) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,062,324 shares of the insurance provider’s stock after purchasing an additional 81,757 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Arch Capital Group were worth $98,106,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently modified their holdings of ACGL. Quantbot Technologies LP bought a new position in Arch Capital Group during the third quarter valued at about $25,000. Compagnie Lombard Odier SCmA bought a new position in Arch Capital Group during the third quarter valued at about $46,000. UMB Bank n.a. boosted its position in shares of Arch Capital Group by 41.9% in the 3rd quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock valued at $48,000 after purchasing an additional 126 shares during the period. Asset Dedication LLC boosted its position in shares of Arch Capital Group by 188.1% in the 3rd quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 284 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Arch Capital Group in the 3rd quarter valued at $50,000. Institutional investors own 89.07% of the company’s stock.
Arch Capital Group Stock Down 1.4 %
ACGL opened at $95.21 on Wednesday. The business has a 50 day moving average price of $94.43 and a 200 day moving average price of $101.42. Arch Capital Group Ltd. has a twelve month low of $79.00 and a twelve month 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 firm has a market cap of $35.82 billion, a P/E ratio of 6.39, a price-to-earnings-growth ratio of 1.52 and a beta of 0.64.
Arch Capital Group Dividend Announcement
The business also recently announced 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
A number of equities analysts recently weighed in on ACGL shares. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Barclays reduced their price objective 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 reduced their price objective on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Wells Fargo & Company reduced their price objective on Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods reduced 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. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $118.00.
View Our Latest Report on Arch Capital Group
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.
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