Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Position Raised by Commerce Bank

Commerce Bank increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 483,194 shares of the insurance provider’s stock after acquiring an additional 1,044 shares during the quarter. Commerce Bank owned approximately 0.13% of Arch Capital Group worth $54,060,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ACGL. UMB Bank n.a. acquired a new stake in shares of Arch Capital Group during the 2nd quarter worth approximately $30,000. Baldwin Brothers LLC MA boosted its position in Arch Capital Group by 50.7% during the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 104 shares during the period. Rothschild Investment LLC bought a new position in Arch Capital Group during the 2nd quarter worth $35,000. LRI Investments LLC acquired a new stake in Arch Capital Group in the first quarter worth $40,000. Finally, Compagnie Lombard Odier SCmA bought a new stake in Arch Capital Group in the third quarter valued at $46,000. Institutional investors own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ACGL. Keefe, Bruyette & Woods increased their price objective on shares of Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. JMP Securities boosted their price objective on Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 15th. Bank of America lowered their target price on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Barclays initiated coverage on Arch Capital Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 price target for the company. Finally, Royal Bank of Canada lowered their price target on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $118.38.

Arch Capital Group Price Performance

NASDAQ ACGL opened at $95.69 on Wednesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 1 year low of $72.85 and a 1 year high of $116.47. The company has a market cap of $36.00 billion, a PE ratio of 6.42, a PEG ratio of 1.47 and a beta of 0.61. The stock’s 50-day moving average price is $107.43 and its two-hundred day moving average price is $103.39.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $4.05 billion. During the same quarter in the previous year, the business earned $2.31 earnings per share. On average, analysts predict that Arch Capital Group Ltd. will post 9.01 EPS for the current year.

Arch Capital Group Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be given a $5.00 dividend. The ex-dividend date of this dividend is Monday, November 18th.

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.