OneDigital Investment Advisors LLC Cuts Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

OneDigital Investment Advisors LLC lessened its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 30,807 shares of the insurance provider’s stock after selling 241 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Arch Capital Group were worth $3,447,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC grew its stake in Arch Capital Group by 2.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 20,871 shares of the insurance provider’s stock worth $2,106,000 after buying an additional 519 shares in the last quarter. Cetera Advisors LLC lifted its holdings in shares of Arch Capital Group by 70.9% in the 1st quarter. Cetera Advisors LLC now owns 13,700 shares of the insurance provider’s stock worth $1,266,000 after acquiring an additional 5,684 shares during the last quarter. Swedbank AB bought a new stake in shares of Arch Capital Group in the 1st quarter worth approximately $25,060,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Arch Capital Group by 0.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,052,549 shares of the insurance provider’s stock worth $97,299,000 after acquiring an additional 7,109 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Arch Capital Group by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 40,858,890 shares of the insurance provider’s stock worth $3,776,996,000 after acquiring an additional 104,008 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $101.83 on Friday. Arch Capital Group Ltd. has a one year low of $72.85 and a one year high of $116.47. The company’s 50-day moving average is $108.03 and its 200 day moving average is $103.24. The company has a market capitalization of $38.31 billion, a price-to-earnings 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 quick ratio of 0.58 and a current ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the firm posted $2.31 EPS. Sell-side analysts expect that Arch Capital Group Ltd. will post 9.02 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on ACGL. Jefferies Financial Group boosted their price objective on shares of Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. upped their price target on shares of Arch Capital Group from $108.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Barclays assumed coverage on shares of Arch Capital Group in a report on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 price target for the company. Finally, Roth Mkm upped their price target on shares of Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.