Hantz Financial Services Inc. Sells 247 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Hantz Financial Services Inc. lessened its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 6,503 shares of the insurance provider’s stock after selling 247 shares during the period. Hantz Financial Services Inc.’s holdings in Arch Capital Group were worth $728,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ACGL. Quantbot Technologies LP purchased a new stake in shares of Arch Capital Group in the 3rd quarter valued at $25,000. UMB Bank n.a. purchased a new stake in shares of Arch Capital Group during the second quarter worth approximately $30,000. Baldwin Brothers LLC MA raised its holdings in Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 104 shares during the last quarter. Rothschild Investment LLC purchased a new position in Arch Capital Group during the second quarter worth approximately $35,000. Finally, Compagnie Lombard Odier SCmA purchased a new position in shares of Arch Capital Group during the 3rd quarter worth $46,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. TD Cowen upped their price objective on shares of Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Roth Mkm increased their price objective on Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Wells Fargo & Company cut their price target on shares of Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 19th. Barclays began coverage on shares of Arch Capital Group in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 target price for the company. 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 note on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Arch Capital Group presently has an average rating of “Moderate Buy” and an average target price of $118.38.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $100.72 on Monday. The company has a market cap of $37.90 billion, a P/E ratio of 6.76, a price-to-earnings-growth ratio of 1.60 and a beta of 0.61. Arch Capital Group Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $116.47. 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 firm’s 50 day simple moving average is $105.40 and its 200-day simple moving average is $103.41.

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 the consensus estimate of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The business had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the company earned $2.31 EPS. As a group, equities research analysts predict that Arch Capital Group Ltd. will post 8.99 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. Stockholders of record on Monday, November 18th will be issued a dividend of $5.00 per share. 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.