Continuum Advisory LLC Acquires 2,820 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Continuum Advisory LLC increased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 8.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,135 shares of the insurance provider’s stock after acquiring an additional 2,820 shares during the quarter. Continuum Advisory LLC’s holdings in Arch Capital Group were worth $4,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in shares of Arch Capital Group during the third quarter valued at approximately $25,000. UMB Bank n.a. purchased a new stake in shares of Arch Capital Group in the 2nd quarter worth approximately $30,000. Rothschild Investment LLC bought a new position in Arch Capital Group during the 2nd quarter valued at approximately $35,000. Compagnie Lombard Odier SCmA purchased a new position in Arch Capital Group during the third quarter valued at $46,000. Finally, Asset Dedication LLC boosted its holdings in Arch Capital Group by 188.1% in the third quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock worth $49,000 after acquiring an additional 284 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Stock Down 0.7 %

ACGL stock opened at $97.83 on Monday. The company has a market cap of $36.81 billion, a price-to-earnings ratio of 6.57, a P/E/G ratio of 1.56 and a beta of 0.62. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. The business’s 50-day moving average is $103.95 and its two-hundred day moving average is $103.37. Arch Capital Group Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.05. The firm had revenue of $4.72 billion for 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. As a group, analysts forecast that Arch Capital Group Ltd. will post 8.99 earnings per share for the current year.

Arch Capital Group Announces Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were paid a dividend of $5.00 per share. The ex-dividend date was Monday, November 18th.

Analyst Ratings Changes

Several brokerages have recently weighed in on ACGL. Royal Bank of Canada reduced their price target on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, November 1st. TD Cowen raised their price objective on shares of Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, September 20th. BMO Capital Markets lifted their target price on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a report on Wednesday, November 6th. Roth Mkm increased their price target on shares of Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, Barclays assumed coverage on shares of Arch Capital Group in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 price objective for the company. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Arch Capital Group presently has a consensus rating of “Moderate Buy” and an average 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.