Fmr LLC Increases Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Fmr LLC boosted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 2,936,940 shares of the insurance provider’s stock after acquiring an additional 70,899 shares during the period. Fmr LLC’s holdings in Arch Capital Group were worth $328,585,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. purchased a new stake in Arch Capital Group in the 2nd quarter valued at approximately $30,000. Baldwin Brothers LLC MA lifted its stake in Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after buying an additional 104 shares in the last quarter. Rothschild Investment LLC purchased a new stake in Arch Capital Group during the 2nd quarter worth about $35,000. LRI Investments LLC acquired a new position in Arch Capital Group in the 1st quarter valued at about $38,000. Finally, Versant Capital Management Inc raised its stake in Arch Capital Group by 40.3% in the 2nd quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock valued at $46,000 after purchasing an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. StockNews.com cut shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on shares of Arch Capital Group from $108.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Citigroup lifted their price objective on Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Wells Fargo & Company decreased their price target on Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Arch Capital Group from $120.00 to $121.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $118.38.

Arch Capital Group Stock Down 0.0 %

Shares of NASDAQ ACGL opened at $100.72 on Friday. The stock has a fifty day moving average price of $105.40 and a 200 day moving average price of $103.37. The company has a market cap of $37.89 billion, a P/E ratio of 6.76, a P/E/G ratio of 1.60 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. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating the consensus estimate of $1.94 by $0.05. The business had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same period last year, the business posted $2.31 EPS. Research analysts anticipate that Arch Capital Group Ltd. will post 8.99 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

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