Mizuho Securities USA LLC Sells 4,550 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Mizuho Securities USA LLC lowered its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 15.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,286 shares of the insurance provider’s stock after selling 4,550 shares during the quarter. Mizuho Securities USA LLC’s holdings in Arch Capital Group were worth $2,717,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ACGL. Trustmark National Bank Trust Department boosted its holdings in Arch Capital Group by 7.6% in the 3rd quarter. Trustmark National Bank Trust Department now owns 26,760 shares of the insurance provider’s stock valued at $2,994,000 after purchasing an additional 1,893 shares during the period. Moors & Cabot Inc. bought a new stake in shares of Arch Capital Group in the third quarter valued at approximately $250,000. Advisors Asset Management Inc. grew its position in Arch Capital Group by 9.8% during the third quarter. Advisors Asset Management Inc. now owns 9,980 shares of the insurance provider’s stock worth $1,117,000 after buying an additional 890 shares in the last quarter. West Family Investments Inc. increased its stake in Arch Capital Group by 21.9% during the 3rd quarter. West Family Investments Inc. now owns 3,022 shares of the insurance provider’s stock worth $338,000 after acquiring an additional 542 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in Arch Capital Group by 10.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider’s stock valued at $8,024,000 after acquiring an additional 6,521 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ACGL has been the topic of several analyst reports. Bank of America reduced their target price on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Roth Mkm raised their target price on shares of Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Citigroup upped their price target on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. BMO Capital Markets lifted their price objective 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. Finally, Jefferies Financial Group upped their target price on Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.38.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $99.69 on Friday. The firm has a market capitalization of $37.51 billion, a price-to-earnings ratio of 6.69, a PEG ratio of 1.56 and a beta of 0.61. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. The business’s 50-day moving average price is $106.67 and its 200-day moving average price is $103.32. Arch Capital Group Ltd. has a 12 month low of $72.85 and a 12 month high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last posted its 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 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 the consensus estimate of $4.05 billion. During the same period last year, the company earned $2.31 EPS. Equities research analysts forecast that Arch Capital Group Ltd. will post 9.01 EPS for the current year.

Arch Capital Group Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be paid a $5.00 dividend. The ex-dividend date of this dividend is Monday, November 18th.

About Arch Capital Group

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.