Haverford Trust Co Increases Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Haverford Trust Co lifted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 14.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,534 shares of the insurance provider’s stock after acquiring an additional 325 shares during the period. Haverford Trust Co’s holdings in Arch Capital Group were worth $284,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ACGL. UMB Bank n.a. purchased a new stake in shares of Arch Capital Group during the 2nd quarter worth approximately $30,000. Baldwin Brothers LLC MA raised its stake 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 worth $31,000 after acquiring an additional 104 shares in the last quarter. Rothschild Investment LLC purchased a new stake in Arch Capital Group in the second quarter valued at $35,000. LRI Investments LLC acquired a new position in Arch Capital Group in the first quarter valued at $40,000. Finally, Compagnie Lombard Odier SCmA acquired a new position in Arch Capital Group in the third quarter valued at $46,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Evercore ISI increased their price objective on 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. Keefe, Bruyette & Woods raised their price objective on shares of Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Royal Bank of Canada reduced their target price on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Barclays initiated coverage on Arch Capital Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 price target for the company. Finally, Bank of America upped their price objective on Arch Capital Group from $119.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.88.

Arch Capital Group Stock Down 1.1 %

ACGL opened at $100.05 on Friday. Arch Capital Group Ltd. has a 1 year low of $72.85 and a 1 year high of $116.47. The firm has a 50 day moving average price of $108.21 and a 200 day moving average price of $103.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market cap of $37.64 billion, a PE ratio of 6.71, a price-to-earnings-growth ratio of 1.46 and a beta of 0.61.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 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 business 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 earnings per share for the current year.

Arch Capital Group Dividend Announcement

The business also recently announced 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 is Monday, November 18th.

About Arch Capital Group

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.