National Wealth Management Group LLC Purchases 233 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

National Wealth Management Group LLC boosted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 7.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 3,174 shares of the insurance provider’s stock after acquiring an additional 233 shares during the quarter. National Wealth Management Group LLC’s holdings in Arch Capital Group were worth $355,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. National Pension Service acquired a new stake in shares of Arch Capital Group in the third quarter valued at approximately $64,271,000. International Assets Investment Management LLC boosted its position in Arch Capital Group by 18,634.1% during 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 period. Brandes Investment Partners LP acquired a new position in shares of Arch Capital Group in the second quarter valued at $48,119,000. Natixis Advisors LLC raised its position in shares of 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 purchasing an additional 423,406 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Arch Capital Group by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock worth $832,246,000 after buying an additional 337,786 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of NASDAQ:ACGL opened at $100.74 on Thursday. The company’s 50 day simple moving average is $106.11 and its 200 day simple moving average is $103.39. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. Arch Capital Group Ltd. has a 1 year low of $72.85 and a 1 year high of $116.47. The stock has a market capitalization of $37.90 billion, a price-to-earnings ratio of 6.76, a price-to-earnings-growth ratio of 1.59 and a beta of 0.61.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the firm earned $2.31 EPS. As a group, research analysts predict that Arch Capital Group Ltd. will post 8.99 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Evercore ISI upped their price target 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. Royal Bank of Canada decreased their target price on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. TD Cowen lifted their price target on Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Roth Mkm boosted their price target 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. Finally, Barclays started coverage on Arch Capital Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 price objective on the stock. Six 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 stock has an average rating of “Moderate Buy” and a consensus target price of $118.38.

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.