Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Insight 2811 Inc.

Insight 2811 Inc. cut its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,371 shares of the insurance provider’s stock after selling 212 shares during the quarter. Arch Capital Group comprises approximately 0.5% of Insight 2811 Inc.’s investment portfolio, making the stock its 23rd biggest position. Insight 2811 Inc.’s holdings in Arch Capital Group were worth $1,048,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ACGL. Capital International Investors boosted its stake in Arch Capital Group by 61.1% during the first quarter. Capital International Investors now owns 4,112,577 shares of the insurance provider’s stock worth $380,167,000 after buying an additional 1,560,173 shares during the period. National Pension Service purchased a new position in shares of Arch Capital Group during the 3rd quarter worth approximately $64,271,000. International Assets Investment Management LLC increased its holdings in Arch Capital Group by 18,634.1% in the 3rd quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider’s stock valued at $616,840,000 after purchasing an additional 548,402 shares during the last quarter. Brandes Investment Partners LP purchased a new position in shares of Arch Capital Group during the second quarter worth $48,119,000. Finally, Natixis Advisors LLC grew its stake in shares of Arch Capital Group by 59.1% in the second quarter. Natixis Advisors LLC now owns 1,139,480 shares of the insurance provider’s stock valued at $114,962,000 after buying an additional 423,406 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on ACGL shares. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their price objective on shares of Arch Capital Group from $108.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Royal Bank of Canada cut their target price on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Roth Mkm raised their price target 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. Finally, Bank of America cut their price objective on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $118.94.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL traded up $1.76 during trading hours on Friday, reaching $101.81. The stock had a trading volume of 351,740 shares, compared to its average volume of 1,665,650. The firm has a market cap of $38.31 billion, a price-to-earnings ratio of 6.71, a PEG ratio of 1.46 and a beta of 0.61. Arch Capital Group Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $116.47. The firm has a 50-day moving average of $108.21 and a 200-day moving average of $103.17. 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 issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.05. The firm had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same quarter in the prior year, the business earned $2.31 EPS. Equities research analysts predict that Arch Capital Group Ltd. will post 9.02 earnings per share for the current year.

Arch Capital Group Announces Dividend

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

Arch Capital Group 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.