The Manufacturers Life Insurance Company Boosts Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

The Manufacturers Life Insurance Company grew its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 304,883 shares of the insurance provider’s stock after buying an additional 3,285 shares during the period. The Manufacturers Life Insurance Company’s holdings in Arch Capital Group were worth $34,110,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. purchased a new stake in Arch Capital Group during the 2nd quarter worth about $30,000. Baldwin Brothers LLC MA boosted its stake 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 worth $31,000 after purchasing an additional 104 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of Arch Capital Group during the second quarter worth about $35,000. LRI Investments LLC purchased a new stake in shares of Arch Capital Group during the first quarter worth about $38,000. Finally, Versant Capital Management Inc raised its position in shares of Arch Capital Group by 40.3% in the second quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock valued at $46,000 after buying an additional 131 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on ACGL shares. Evercore ISI raised their target price on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Citigroup increased their target price on Arch Capital Group from $105.00 to $114.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Royal Bank of Canada dropped their price objective on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, BMO Capital Markets raised 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 research report on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Arch Capital Group has a consensus rating of “Moderate Buy” and a consensus target price of $118.38.

Arch Capital Group Stock Down 0.0 %

Shares of Arch Capital Group stock opened at $100.72 on Friday. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $116.47. The stock has a market cap of $37.89 billion, a price-to-earnings ratio of 6.76, a price-to-earnings-growth ratio of 1.60 and a beta of 0.61. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average price of $105.65 and a 200 day moving average price of $103.35.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 18.94% and a net margin of 33.86%. During the same quarter in the prior year, the business earned $2.31 earnings per share. Equities research analysts forecast that Arch Capital Group Ltd. will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Dividend Announcement

The company also recently disclosed 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.

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.