Kinsale Capital Group Inc. Boosts Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Kinsale Capital Group Inc. grew its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 12.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,021 shares of the insurance provider’s stock after acquiring an additional 6,608 shares during the period. Arch Capital Group comprises 1.9% of Kinsale Capital Group Inc.’s portfolio, making the stock its 17th largest holding. Kinsale Capital Group Inc.’s holdings in Arch Capital Group were worth $6,491,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Avantax Advisory Services Inc. lifted its holdings in Arch Capital Group by 14.0% in the 1st quarter. Avantax Advisory Services Inc. now owns 8,534 shares of the insurance provider’s stock valued at $789,000 after purchasing an additional 1,045 shares in the last quarter. Blair William & Co. IL grew its holdings in Arch Capital Group by 6.9% in the 1st quarter. Blair William & Co. IL now owns 4,414 shares of the insurance provider’s stock valued at $408,000 after buying an additional 286 shares during the period. Jupiter Asset Management Ltd. increased its holdings in shares of Arch Capital Group by 16.4% during the 1st quarter. Jupiter Asset Management Ltd. now owns 204,027 shares of the insurance provider’s stock worth $18,860,000 after buying an additional 28,743 shares during the last quarter. Nicolet Advisory Services LLC boosted its position in shares of Arch Capital Group by 7.5% in the first quarter. Nicolet Advisory Services LLC now owns 5,458 shares of the insurance provider’s stock worth $498,000 after buying an additional 382 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Arch Capital Group by 0.3% during the first quarter. Vanguard Group Inc. now owns 40,858,890 shares of the insurance provider’s stock worth $3,776,996,000 after purchasing an additional 104,008 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

Arch Capital Group stock traded up $1.78 during mid-day trading on Friday, hitting $101.83. The company’s stock had a trading volume of 2,727,138 shares, compared to its average volume of 1,676,880. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $116.47. The stock has a market capitalization of $38.31 billion, a P/E ratio of 6.83, a P/E/G ratio of 1.46 and a beta of 0.61. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The stock’s fifty day moving average price is $108.03 and its two-hundred day moving average price is $103.24.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the firm earned $2.31 earnings per share. Research analysts forecast that Arch Capital Group Ltd. will post 9.02 earnings per share for the current year.

Arch Capital Group Announces Dividend

The firm also recently disclosed 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.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ACGL shares. Roth Mkm lifted their target price on Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Citigroup raised their price objective 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. Jefferies Financial Group upped their target price on shares of Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. BMO Capital Markets lifted their price target on Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 6th. Finally, Evercore ISI upped their price objective on Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $118.94.

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.