Barclays PLC Trims Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Barclays PLC trimmed its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 21.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,297,009 shares of the insurance provider’s stock after selling 353,896 shares during the quarter. Barclays PLC owned approximately 0.34% of Arch Capital Group worth $145,109,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Quantbot Technologies LP bought a new position in Arch Capital Group in the 3rd quarter worth about $25,000. UMB Bank n.a. purchased a new position in shares of Arch Capital Group during the second quarter worth about $30,000. Rothschild Investment LLC bought a new position in shares of Arch Capital Group in the second quarter worth approximately $35,000. Compagnie Lombard Odier SCmA purchased a new stake in Arch Capital Group in the third quarter valued at approximately $46,000. Finally, Asset Dedication LLC lifted its position in Arch Capital Group by 188.1% during the third quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 284 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. BMO Capital Markets raised their price objective on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research report on Wednesday, November 6th. Wells Fargo & Company lowered their price target on Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. Royal Bank of Canada cut their price objective 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. Evercore ISI raised their price objective on Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. upped their target price 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. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Arch Capital Group has a consensus rating of “Moderate Buy” and an average price target of $118.38.

Arch Capital Group Trading Down 2.7 %

NASDAQ ACGL opened at $93.35 on Wednesday. The stock has a market cap of $35.12 billion, a P/E ratio of 6.27, a price-to-earnings-growth ratio of 1.56 and a beta of 0.62. Arch Capital Group Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $116.47. The stock has a 50 day simple moving average of $103.23 and a two-hundred day simple moving average of $103.26. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the business posted $2.31 earnings per share. On average, analysts forecast that Arch Capital Group Ltd. will post 8.99 earnings per share for the current year.

Arch Capital Group Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were issued a $5.00 dividend. The ex-dividend date of this dividend was Monday, November 18th.

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.