Rockefeller Capital Management L.P. Boosts Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Rockefeller Capital Management L.P. increased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 14.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 304,076 shares of the insurance provider’s stock after acquiring an additional 38,353 shares during the period. Rockefeller Capital Management L.P. owned about 0.08% of Arch Capital Group worth $34,020,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Arch Capital Group by 245.1% during the third 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 worth $341,652,000 after acquiring an additional 2,168,897 shares in the last quarter. National Pension Service bought a new position in shares of Arch Capital Group during the 3rd quarter valued at $64,271,000. International Assets Investment Management LLC lifted its stake in 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 purchasing an additional 548,402 shares during the last quarter. Brandes Investment Partners LP bought a new stake in Arch Capital Group in the second quarter worth $48,119,000. Finally, Natixis Advisors LLC grew its stake in shares of Arch Capital Group by 59.1% during the second quarter. Natixis Advisors LLC now owns 1,139,480 shares of the insurance provider’s stock valued at $114,962,000 after buying an additional 423,406 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Trading Down 0.0 %

Shares of NASDAQ ACGL opened at $100.72 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market cap of $37.89 billion, a P/E ratio of 6.76, a price-to-earnings-growth ratio of 1.60 and a beta of 0.61. The firm has a 50-day moving average of $105.40 and a 200 day moving average of $103.37. Arch Capital Group Ltd. has a 1 year low of $72.85 and a 1 year high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.05. The firm had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same period in the previous year, the firm posted $2.31 earnings per share. As a group, sell-side analysts expect 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 will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be given a $5.00 dividend. The ex-dividend date of this dividend is Monday, November 18th.

Analyst Ratings Changes

A number of research firms have recently weighed in on ACGL. Roth Mkm boosted their target price on Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Bank of America cut their target price on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Royal Bank of Canada dropped their price target 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. JMP Securities boosted their price objective 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. Finally, TD Cowen increased their target price 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. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $118.38.

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.