Qsemble Capital Management LP Makes New Investment in Arch Capital Group Ltd. (NASDAQ:ACGL)

Qsemble Capital Management LP bought a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,370 shares of the insurance provider’s stock, valued at approximately $265,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. boosted its position in Arch Capital Group by 15.2% during the third quarter. Brown Brothers Harriman & Co. now owns 3,403 shares of the insurance provider’s stock worth $381,000 after purchasing an additional 450 shares during the period. DRW Securities LLC boosted its position in Arch Capital Group by 711.4% during the third quarter. DRW Securities LLC now owns 23,110 shares of the insurance provider’s stock worth $2,586,000 after purchasing an additional 20,262 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Arch Capital Group during the third quarter worth approximately $388,000. Daiwa Securities Group Inc. boosted its position in shares of Arch Capital Group by 12.1% in the third quarter. Daiwa Securities Group Inc. now owns 45,738 shares of the insurance provider’s stock valued at $5,117,000 after acquiring an additional 4,939 shares during the period. Finally, Hartford Funds Management Co LLC boosted its position in shares of Arch Capital Group by 4.1% in the third quarter. Hartford Funds Management Co LLC now owns 5,360 shares of the insurance provider’s stock valued at $600,000 after acquiring an additional 211 shares during the period. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $100.74 on Thursday. 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 fifty day moving average price of $106.11 and a two-hundred day moving average price of $103.39. Arch Capital Group Ltd. has a 52-week low of $72.85 and a 52-week high of $116.47. The firm has a market capitalization of $37.90 billion, a P/E ratio of 6.76, a P/E/G ratio of 1.59 and a beta of 0.61.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data 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. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The firm had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the company posted $2.31 earnings per share. As a group, analysts anticipate that Arch Capital Group Ltd. will post 8.99 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

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 issued a $5.00 dividend. The ex-dividend date is Monday, November 18th.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ACGL shares. Roth Mkm increased their price objective on Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. BMO Capital Markets increased their price objective on Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research report on Wednesday, November 6th. Wells Fargo & Company reduced their price objective on Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. Bank of America reduced their price objective on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Finally, Barclays started coverage on Arch Capital Group in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently 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.