Northwest & Ethical Investments L.P. Buys Shares of 28,410 Arch Capital Group Ltd. (NASDAQ:ACGL)

Northwest & Ethical Investments L.P. bought a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 28,410 shares of the insurance provider’s stock, valued at approximately $3,179,000.

Several other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in Arch Capital Group by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock valued at $832,246,000 after acquiring an additional 337,786 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Arch Capital Group by 1.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,124,251 shares of the insurance provider’s stock worth $573,301,000 after buying an additional 49,426 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Arch Capital Group by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,925,288 shares of the insurance provider’s stock worth $396,026,000 after buying an additional 244,285 shares in the last quarter. Legal & General Group Plc grew its position in shares of Arch Capital Group by 10.1% during the second quarter. Legal & General Group Plc now owns 3,455,949 shares of the insurance provider’s stock worth $348,671,000 after buying an additional 316,070 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position 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 buying an additional 2,168,897 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $100.74 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $116.47. The stock has a 50 day moving average of $105.87 and a two-hundred day moving average of $103.37. The stock has a market cap of $37.90 billion, a P/E ratio of 6.76, a P/E/G ratio of 1.60 and a beta of 0.61.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 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 business had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the prior year, the business earned $2.31 earnings per share. On average, research analysts forecast that Arch Capital Group Ltd. will post 8.99 earnings per share for the current year.

Arch Capital Group Announces Dividend

The business also recently declared 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 of this dividend is Monday, November 18th.

Wall Street Analyst Weigh In

ACGL has been the subject of a number of analyst reports. Wells Fargo & Company lowered 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. Royal Bank of Canada lowered their price objective on 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. JPMorgan Chase & Co. boosted their price objective on Arch Capital Group from $108.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. JMP Securities upped their price target on Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a report on Tuesday, October 15th. Finally, Citigroup upped their price target on Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Six equities research 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 has a consensus 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.