Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 12.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 45,738 shares of the insurance provider’s stock after acquiring an additional 4,939 shares during the period. Daiwa Securities Group Inc.’s holdings in Arch Capital Group were worth $5,117,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. UMB Bank n.a. purchased a new position in Arch Capital Group during the second quarter worth about $30,000. Baldwin Brothers LLC MA lifted its holdings in shares of Arch Capital Group by 50.7% during the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 104 shares during the period. Rothschild Investment LLC purchased a new stake in Arch Capital Group in the second quarter valued at approximately $35,000. LRI Investments LLC purchased a new stake in Arch Capital Group in the first quarter valued at approximately $38,000. Finally, Versant Capital Management Inc increased its position in 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 purchasing an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ACGL. Evercore ISI boosted their price objective on shares of 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. JMP Securities boosted their price target on 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. Wells Fargo & Company dropped 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. JPMorgan Chase & Co. lifted their price objective on Arch Capital Group from $108.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Finally, Roth Mkm increased their target price on shares of Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $118.38.

Arch Capital Group Trading Up 0.3 %

NASDAQ:ACGL opened at $100.41 on Wednesday. The stock has a market cap of $37.78 billion, a price-to-earnings ratio of 6.74, a price-to-earnings-growth ratio of 1.59 and a beta of 0.61. Arch Capital Group Ltd. has a one year low of $72.85 and a one year high of $116.47. 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 business’s 50-day simple moving average is $106.38 and its 200 day simple moving average is $103.39.

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 analysts’ consensus estimates of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the company posted $2.31 EPS. As a group, sell-side analysts predict that Arch Capital Group Ltd. will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be issued a dividend of $5.00 per share. The ex-dividend date 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.