Arch Capital Group Ltd. (NASDAQ:ACGL) Position Increased by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 33.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,667 shares of the insurance provider’s stock after purchasing an additional 11,501 shares during the quarter. Pacer Advisors Inc.’s holdings in Arch Capital Group were worth $4,217,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Arch Capital Group by 245.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider’s stock valued at $341,652,000 after acquiring an additional 2,168,897 shares during the period. Erste Asset Management GmbH acquired a new position in Arch Capital Group during the 3rd quarter valued at about $82,748,000. National Pension Service acquired a new stake in shares of Arch Capital Group in the third quarter valued at approximately $64,271,000. International Assets Investment Management LLC increased its stake in shares of Arch Capital Group by 18,634.1% in the third quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider’s stock valued at $616,840,000 after purchasing an additional 548,402 shares during the period. Finally, KBC Group NV raised its holdings in shares of Arch Capital Group by 385.2% during the fourth quarter. KBC Group NV now owns 564,095 shares of the insurance provider’s stock valued at $52,094,000 after buying an additional 447,831 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports 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 report on Wednesday, October 9th. Jefferies Financial Group increased their price target on Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Royal Bank of Canada reduced their price objective on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, November 1st. BMO Capital Markets increased their target price on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Arch Capital Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Arch Capital Group Stock Performance

Shares of ACGL opened at $94.58 on Friday. Arch Capital Group Ltd. has a one year low of $80.97 and a one year high of $116.47. The company has a 50-day moving average of $94.31 and a two-hundred day moving average of $101.32. 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 stock has a market cap of $35.58 billion, a price-to-earnings ratio of 6.35, a PEG ratio of 1.52 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.05. The firm had revenue of $4.72 billion for the quarter, compared to analysts’ expectations 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 previous year, the company posted $2.31 EPS. On average, equities research analysts expect that Arch Capital Group Ltd. will post 8.86 earnings per share for the current year.

Arch Capital Group Announces Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were issued a dividend of $5.00 per share. 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.