Charles Schwab Investment Management Inc. Has $227.74 Million Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Charles Schwab Investment Management Inc. lowered its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,035,552 shares of the insurance provider’s stock after selling 5,759 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Arch Capital Group were worth $227,738,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. National Pension Service bought a new stake in Arch Capital Group in the third quarter valued at approximately $64,271,000. International Assets Investment Management LLC increased its position in shares of Arch Capital Group by 18,634.1% in the 3rd quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider’s stock valued at $616,840,000 after buying an additional 548,402 shares in the last quarter. Brandes Investment Partners LP bought a new position in Arch Capital Group during the second quarter worth about $48,119,000. Natixis Advisors LLC grew its stake in Arch Capital Group by 59.1% in the second quarter. Natixis Advisors LLC now owns 1,139,480 shares of the insurance provider’s stock valued at $114,962,000 after acquiring an additional 423,406 shares during the period. Finally, Principal Financial Group Inc. increased 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 worth $832,246,000 after acquiring an additional 337,786 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ACGL shares. Jefferies Financial Group lifted their price objective on Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Wells Fargo & Company cut their price target on shares of Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 19th. Royal Bank of Canada reduced 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 report on Friday, November 1st. Evercore ISI raised their price objective on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. Finally, StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $118.38.

Arch Capital Group Price Performance

Shares of ACGL opened at $99.69 on Friday. The company has a market cap of $37.51 billion, a price-to-earnings ratio of 6.69, a PEG ratio of 1.56 and a beta of 0.61. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. The company’s fifty day simple moving average is $106.67 and its 200 day simple moving average is $103.35. 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, 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 company had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the prior year, the firm earned $2.31 EPS. On average, research analysts forecast that Arch Capital Group Ltd. will post 9.01 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

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 paid a dividend of $5.00 per share. The ex-dividend date is Monday, November 18th.

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.