Blueshift Asset Management LLC Makes New $334,000 Investment in Arch Capital Group Ltd. (NASDAQ:ACGL)

Blueshift Asset Management LLC purchased a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,984 shares of the insurance provider’s stock, valued at approximately $334,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ACGL. Quantbot Technologies LP acquired a new position in shares of Arch Capital Group during the 3rd quarter valued at $25,000. UMB Bank n.a. acquired a new stake in shares of Arch Capital Group in the 2nd quarter valued at about $30,000. Baldwin Brothers LLC MA increased its position 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 buying an additional 104 shares in the last quarter. Rothschild Investment LLC bought a new position in Arch Capital Group in the second quarter worth approximately $35,000. Finally, LRI Investments LLC acquired a new stake in Arch Capital Group in the first quarter valued at approximately $38,000. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Up 0.3 %

Shares of NASDAQ:ACGL opened at $100.74 on Friday. Arch Capital Group Ltd. has a 1 year low of $72.85 and a 1 year high of $116.47. The company has a market capitalization of $37.90 billion, a PE ratio of 6.76, a price-to-earnings-growth ratio of 1.60 and a beta of 0.61. The business has a fifty day moving average price of $105.87 and a two-hundred day moving average price of $103.37. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.05. The business had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.05 billion. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same quarter last year, the company posted $2.31 earnings per share. Analysts forecast that Arch Capital Group Ltd. will post 8.99 earnings per share for the current year.

Arch Capital Group Announces Dividend

The business also recently declared a special dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be issued a $5.00 dividend. The ex-dividend date is Monday, November 18th.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ACGL. Citigroup upped 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 lowered their price objective on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. StockNews.com cut shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. BMO Capital Markets boosted 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. Finally, JMP Securities raised their price target on shares of Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.38.

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.