Gilbert & Cook Inc. Has $591,000 Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Gilbert & Cook Inc. boosted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,285 shares of the insurance provider’s stock after purchasing an additional 163 shares during the period. Gilbert & Cook Inc.’s holdings in Arch Capital Group were worth $591,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ACGL. UMB Bank n.a. acquired a new stake in Arch Capital Group during the 2nd quarter valued at $30,000. Baldwin Brothers LLC MA increased 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 purchasing an additional 104 shares in the last quarter. Rothschild Investment LLC acquired a new stake in Arch Capital Group during the 2nd quarter valued at $35,000. LRI Investments LLC acquired a new stake in shares of Arch Capital Group in the 1st quarter valued at $38,000. Finally, Versant Capital Management Inc increased its stake in shares of Arch Capital Group by 40.3% in the 2nd 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 period. 89.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ACGL has been the subject of several research reports. Wells Fargo & Company lowered their target price on Arch Capital Group from $126.00 to $118.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Barclays initiated coverage on Arch Capital Group in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 target price for the company. JMP Securities lifted their target price on Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods lifted their target price on Arch Capital Group from $120.00 to $121.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, Evercore ISI lifted their target price on Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.94.

Arch Capital Group Stock Performance

ACGL stock opened at $101.83 on Friday. The business’s 50-day moving average price is $108.03 and its two-hundred day moving average price is $103.31. 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 firm has a market cap of $38.31 billion, a PE ratio of 6.83, a P/E/G ratio of 1.47 and a beta of 0.61. 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 issued its quarterly 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. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates 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 period in the previous year, the company posted $2.31 earnings per share. As a group, research analysts forecast that Arch Capital Group Ltd. will post 9.01 earnings per share for the current year.

Arch Capital Group Announces Dividend

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 issued a $5.00 dividend. The ex-dividend date of this dividend 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.