Arch Capital Group Ltd. (NASDAQ:ACGL) to Issue $5.00 Special Dividend

Arch Capital Group Ltd. (NASDAQ:ACGL) declared a special dividend on Thursday, November 7th,RTT News reports. Stockholders of record on Monday, November 18th will be paid a dividend of 5.00 per share by the insurance provider on Wednesday, December 4th. The ex-dividend date of this dividend is Monday, November 18th.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $101.83 on Friday. The stock has a market cap of $38.31 billion, a price-to-earnings ratio of 6.83, a PEG ratio of 1.46 and a beta of 0.61. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. Arch Capital Group has a fifty-two week low of $72.85 and a fifty-two week high of $116.47. The firm’s 50-day simple moving average is $108.03 and its 200 day simple moving average is $103.24.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates 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 quarter last year, the company earned $2.31 earnings per share. As a group, research analysts anticipate that Arch Capital Group will post 9.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ACGL shares. TD Cowen raised their price objective on Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Wells Fargo & Company dropped their price target on shares of Arch Capital Group from $126.00 to $118.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. BMO Capital Markets upped their price objective on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods lifted their target price on shares of Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. boosted their target price on Arch Capital Group from $108.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $118.94.

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.