Brooklyn Investment Group Makes New Investment in Arch Capital Group Ltd. (NASDAQ:ACGL)

Brooklyn Investment Group bought a new position in Arch Capital Group Ltd. (NASDAQ:ACGL) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 1,260 shares of the insurance provider’s stock, valued at approximately $141,000.

Several other large investors have also bought and sold shares of the company. National Pension Service purchased a new position in shares of Arch Capital Group during the third quarter valued at approximately $64,271,000. International Assets Investment Management LLC lifted its position in shares of Arch Capital Group by 18,634.1% during 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 buying an additional 548,402 shares in the last quarter. Brandes Investment Partners LP bought a new position in shares of Arch Capital Group during the 2nd quarter valued at approximately $48,119,000. Natixis Advisors LLC increased its holdings in Arch Capital Group by 59.1% in the 2nd quarter. Natixis Advisors LLC now owns 1,139,480 shares of the insurance provider’s stock worth $114,962,000 after acquiring an additional 423,406 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Arch Capital Group by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock worth $832,246,000 after acquiring an additional 337,786 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ACGL. TD Cowen upped their target price on shares of Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Barclays started coverage on Arch Capital Group in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 price target for the company. Wells Fargo & Company cut their price target on Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. JPMorgan Chase & Co. increased their price target on Arch Capital Group from $108.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, Roth Mkm boosted their target price on shares of Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Arch Capital Group has an average rating of “Moderate Buy” and a consensus price target of $118.38.

Arch Capital Group Price Performance

NASDAQ:ACGL opened at $100.74 on Thursday. The firm has a market capitalization of $37.90 billion, a price-to-earnings ratio of 6.76, a PEG ratio of 1.59 and a beta of 0.61. Arch Capital Group Ltd. has a 1 year low of $72.85 and a 1 year high of $116.47. The business has a 50 day simple moving average of $106.11 and a 200-day simple moving average of $103.39. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.05. The business had revenue of $4.72 billion during the quarter, compared to analyst estimates 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 company earned $2.31 EPS. Equities analysts forecast that Arch Capital Group Ltd. will post 8.99 EPS for the current year.

Arch Capital Group Dividend Announcement

The business 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.

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.