Smith Group Asset Management LLC Acquires 260 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Smith Group Asset Management LLC increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 315,969 shares of the insurance provider’s stock after buying an additional 260 shares during the period. Arch Capital Group accounts for about 2.2% of Smith Group Asset Management LLC’s investment portfolio, making the stock its 16th biggest holding. Smith Group Asset Management LLC owned approximately 0.08% of Arch Capital Group worth $29,180,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in Arch Capital Group in the third quarter valued at approximately $25,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Arch Capital Group during the third quarter worth $46,000. UMB Bank n.a. increased its position in shares of Arch Capital Group by 41.9% during the third quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock worth $48,000 after acquiring an additional 126 shares in the last quarter. Asset Dedication LLC increased its position in shares of Arch Capital Group by 188.1% during the third quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock worth $49,000 after acquiring an additional 284 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Arch Capital Group during the third quarter worth $50,000. Institutional investors own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ACGL. Keefe, Bruyette & Woods lowered their price objective on shares of Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Barclays lowered their price objective on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Bank of America lowered their price objective on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Finally, BMO Capital Markets increased 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 report on Wednesday, November 6th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Arch Capital Group has a consensus rating of “Moderate Buy” and an average price target of $118.00.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $95.21 on Wednesday. The stock has a market cap of $35.82 billion, a P/E ratio of 6.39, a P/E/G ratio of 1.52 and a beta of 0.64. 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 company has a fifty day moving average price of $94.43 and a two-hundred day moving average price of $101.42. Arch Capital Group Ltd. has a one year low of $79.00 and a one year high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, beating the consensus estimate 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 net margin of 33.86% and a return on equity of 18.94%. During the same period in the prior year, the firm earned $2.31 earnings per share. As a group, equities analysts predict that Arch Capital Group Ltd. will post 8.86 EPS for the current year.

Arch Capital Group Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were given a $5.00 dividend. The ex-dividend date of this dividend was 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.