Empirical Financial Services LLC d.b.a. Empirical Wealth Management Buys 6,663 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 197,111 shares of the insurance provider’s stock after purchasing an additional 6,663 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Arch Capital Group were worth $18,203,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Arch Capital Group by 245.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider’s stock valued at $341,652,000 after purchasing an additional 2,168,897 shares during the period. Erste Asset Management GmbH acquired a new position in shares of Arch Capital Group during the third quarter worth approximately $82,748,000. National Pension Service bought a new stake in shares of Arch Capital Group in the third quarter valued at approximately $64,271,000. International Assets Investment Management LLC grew its stake in shares of Arch Capital Group by 18,634.1% in the third quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider’s stock worth $616,840,000 after acquiring an additional 548,402 shares during the last quarter. Finally, Brandes Investment Partners LP bought a new position in Arch Capital Group during the second quarter worth $48,119,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Stock Down 0.3 %

ACGL opened at $92.76 on Monday. The firm has a market cap of $34.90 billion, a price-to-earnings ratio of 6.23, a PEG ratio of 1.52 and a beta of 0.64. 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 firm’s 50-day simple moving average is $94.44 and its 200-day simple moving average is $101.44. Arch Capital Group Ltd. has a twelve month low of $78.67 and a twelve month 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. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The firm had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the prior year, the firm earned $2.31 earnings per share. Equities research analysts anticipate that Arch Capital Group Ltd. will post 8.86 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on ACGL. Jefferies Financial Group raised their price target on shares of Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Evercore ISI boosted their price target 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. BMO Capital Markets upped their price target on Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. lowered their price objective on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Finally, StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

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.