Vinva Investment Management Ltd Lowers Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Vinva Investment Management Ltd trimmed its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 29.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,436 shares of the insurance provider’s stock after selling 22,668 shares during the quarter. Vinva Investment Management Ltd’s holdings in Arch Capital Group were worth $6,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC increased its stake in Arch Capital Group by 2.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 20,871 shares of the insurance provider’s stock valued at $2,106,000 after buying an additional 519 shares during the last quarter. Cetera Advisors LLC increased its position in shares of Arch Capital Group by 70.9% during the first quarter. Cetera Advisors LLC now owns 13,700 shares of the insurance provider’s stock valued at $1,266,000 after acquiring an additional 5,684 shares during the last quarter. Swedbank AB purchased a new position in Arch Capital Group in the first quarter worth $25,060,000. Banque Cantonale Vaudoise grew its stake in Arch Capital Group by 172.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 55,423 shares of the insurance provider’s stock valued at $6,201,000 after purchasing an additional 35,060 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of Arch Capital Group by 10.0% during 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 purchasing an additional 6,521 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of NASDAQ:ACGL opened at $100.74 on Thursday. 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 company has a 50-day moving average price of $106.11 and a 200-day moving average price of $103.39. The company has a market cap of $37.90 billion, a price-to-earnings ratio of 6.76, a price-to-earnings-growth ratio of 1.59 and a beta of 0.61. 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 released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the company posted $2.31 EPS. As a group, equities analysts anticipate that Arch Capital Group Ltd. will post 8.99 EPS for the current year.

Arch Capital Group Announces Dividend

The firm also recently declared 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.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Roth Mkm increased their target price on shares of Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Royal Bank of Canada lowered their price target on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. BMO Capital Markets increased their price objective on Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a report on Wednesday, November 6th. Finally, Citigroup boosted their target price on Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $118.38.

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.