Cumberland Partners Ltd Buys 4,100 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Cumberland Partners Ltd increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 9.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,480 shares of the insurance provider’s stock after purchasing an additional 4,100 shares during the quarter. Cumberland Partners Ltd’s holdings in Arch Capital Group were worth $5,088,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. UMB Bank n.a. bought a new position in Arch Capital Group in the 2nd quarter valued at approximately $30,000. Baldwin Brothers LLC MA lifted its holdings in shares of Arch Capital Group by 50.7% during the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 104 shares during the period. Rothschild Investment LLC acquired a new stake in Arch Capital Group in the second quarter valued at $35,000. LRI Investments LLC acquired a new stake in shares of Arch Capital Group in the first quarter valued at about $38,000. Finally, Versant Capital Management Inc raised its position in shares of Arch Capital Group by 40.3% during the second quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock worth $46,000 after acquiring an additional 131 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL traded up $0.17 on Tuesday, hitting $100.67. The company’s stock had a trading volume of 152,401 shares, compared to its average volume of 1,659,315. Arch Capital Group Ltd. has a 1 year low of $72.85 and a 1 year high of $116.47. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.60. The company has a market capitalization of $37.86 billion, a PE ratio of 6.74, a PEG ratio of 1.47 and a beta of 0.61. The company has a 50-day simple moving average of $108.93 and a 200 day simple moving average of $103.13.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results 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 net margin of 33.86% and a return on equity of 18.94%. During the same period in the previous year, the business posted $2.31 earnings per share. Sell-side analysts forecast that Arch Capital Group Ltd. will post 9 EPS for the current fiscal year.

Arch Capital Group Announces Dividend

The company also recently declared a special dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be paid a dividend of $5.00 per share.

Insider Activity at Arch Capital Group

In related news, CFO Francois Morin sold 11,460 shares of Arch Capital Group stock in a transaction on Friday, August 16th. The shares were sold at an average price of $102.46, for a total value of $1,174,191.60. Following the transaction, the chief financial officer now owns 221,779 shares in the company, valued at $22,723,476.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ACGL has been the subject of several analyst reports. Barclays began coverage on shares of Arch Capital Group in a report on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 price target for the company. JPMorgan Chase & Co. upped their target price on Arch Capital Group from $108.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Roth Mkm raised their target price on Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Keefe, Bruyette & Woods boosted their price target on Arch Capital Group from $120.00 to $121.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada reduced their price objective on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Arch Capital Group presently has a consensus rating of “Moderate Buy” and an average price target of $118.88.

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.