Sunflower Bank N.A. Purchases 295 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Sunflower Bank N.A. boosted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 12.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,745 shares of the insurance provider’s stock after acquiring an additional 295 shares during the period. Sunflower Bank N.A.’s holdings in Arch Capital Group were worth $254,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. State Street Corp raised its holdings in shares of Arch Capital Group by 1.1% in the 3rd quarter. State Street Corp now owns 16,587,446 shares of the insurance provider’s stock worth $1,855,803,000 after acquiring an additional 172,628 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Arch Capital Group by 2.4% in the third quarter. Geode Capital Management LLC now owns 10,830,263 shares of the insurance provider’s stock worth $1,208,307,000 after purchasing an additional 253,648 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Arch Capital Group by 4.8% in the third quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock valued at $832,246,000 after purchasing an additional 337,786 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Arch Capital Group by 1.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,124,251 shares of the insurance provider’s stock valued at $573,301,000 after buying an additional 49,426 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Arch Capital Group by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,925,288 shares of the insurance provider’s stock worth $396,026,000 after buying an additional 244,285 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Price Performance

Shares of ACGL traded up $0.66 during midday trading on Monday, hitting $90.83. 1,512,450 shares of the company traded hands, compared to its average volume of 1,813,745. 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 stock has a market cap of $34.17 billion, a price-to-earnings ratio of 6.10, a PEG ratio of 1.49 and a beta of 0.64. Arch Capital Group Ltd. has a 52 week low of $77.53 and a 52 week high of $116.47. The firm has a 50 day moving average of $95.69 and a 200-day moving average of $101.80.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share 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 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 EPS for the current fiscal 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 issued a $5.00 dividend. The ex-dividend date was Monday, November 18th.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ACGL shares. TD Cowen lifted their price objective on shares of Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, September 20th. JMP Securities raised their price target on shares of Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 15th. Royal Bank of Canada decreased 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 note on Friday, November 1st. Keefe, Bruyette & Woods cut their target price on Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Wells Fargo & Company cut their price target on Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Arch Capital Group currently has a consensus rating of “Moderate Buy” and an average target price of $118.13.

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.