Natixis Advisors LLC Grows Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Natixis Advisors LLC boosted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 8.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,234,004 shares of the insurance provider’s stock after acquiring an additional 94,524 shares during the quarter. Natixis Advisors LLC’s holdings in Arch Capital Group were worth $138,060,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. purchased a new stake in Arch Capital Group in the second quarter worth $30,000. Baldwin Brothers LLC MA lifted its holdings in 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 in the last quarter. Rothschild Investment LLC bought a new position in Arch Capital Group in the second quarter worth approximately $35,000. LRI Investments LLC purchased a new position in Arch Capital Group during the 1st quarter worth $38,000. Finally, Versant Capital Management Inc raised its position in Arch Capital Group by 40.3% during the 2nd quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock valued at $46,000 after purchasing an additional 131 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ACGL. Roth Mkm increased their price target on Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. TD Cowen lifted their price objective on shares of Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a report on Friday, September 20th. JPMorgan Chase & Co. upped their target price on Arch Capital Group from $108.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, BMO Capital Markets boosted their target price on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a report on Wednesday, November 6th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $118.94.

Arch Capital Group Price Performance

Shares of ACGL opened at $101.83 on Friday. The firm has a market capitalization of $38.31 billion, a PE ratio of 6.83, a price-to-earnings-growth ratio of 1.46 and a beta of 0.61. 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 company’s fifty day moving average price is $108.03 and its 200-day moving average price is $103.24. Arch Capital Group Ltd. has a 1-year low of $72.85 and a 1-year high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.05. The company had revenue of $4.72 billion during the quarter, compared to analyst estimates 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 last year, the firm posted $2.31 EPS. On average, equities research analysts predict that Arch Capital Group Ltd. will post 9.02 EPS for the current year.

Arch Capital Group Announces Dividend

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

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.