Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC raised its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 26.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 25,465 shares of the insurance provider’s stock after purchasing an additional 5,345 shares during the quarter. Metis Global Partners LLC’s holdings in Arch Capital Group were worth $2,849,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in Arch Capital Group by 12.8% during the third quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock worth $100,000 after purchasing an additional 101 shares during the last quarter. Fiduciary Financial Group LLC boosted its holdings in shares of Arch Capital Group by 2.8% in the 3rd quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider’s stock valued at $415,000 after buying an additional 103 shares during the period. Baldwin Brothers LLC MA grew its position in shares of Arch Capital Group by 50.7% during the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after buying an additional 104 shares during the last quarter. Fidelis Capital Partners LLC raised its stake in Arch Capital Group by 3.1% during the second quarter. Fidelis Capital Partners LLC now owns 3,553 shares of the insurance provider’s stock worth $344,000 after acquiring an additional 106 shares during the period. Finally, KG&L Capital Management LLC lifted its holdings in Arch Capital Group by 1.1% in the third quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock worth $1,214,000 after acquiring an additional 115 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on ACGL. Barclays began coverage on Arch Capital Group in a report on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 target price for the company. JPMorgan Chase & Co. increased their target price 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. 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. Wells Fargo & Company dropped their price objective on shares of Arch Capital Group from $126.00 to $118.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Finally, Keefe, Bruyette & Woods upped 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. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Arch Capital Group presently has an average rating of “Moderate Buy” and an average price target of $118.88.

Arch Capital Group Trading Down 1.1 %

Shares of ACGL stock opened at $100.05 on Friday. The stock has a 50-day simple moving average of $108.21 and a 200 day simple moving average of $103.17. The stock has a market capitalization of $37.64 billion, a P/E ratio of 6.71, a P/E/G ratio of 1.46 and a beta of 0.61. Arch Capital Group Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $4.05 billion. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same period in the prior year, the company earned $2.31 EPS. On average, sell-side analysts expect that Arch Capital Group Ltd. will post 9.02 earnings per share 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. Shareholders of record on Monday, November 18th will be given a $5.00 dividend. The ex-dividend date is Monday, November 18th.

Arch Capital Group 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.