Brown Brothers Harriman & Co. Grows Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Brown Brothers Harriman & Co. increased its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 15.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,403 shares of the insurance provider’s stock after purchasing an additional 450 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Arch Capital Group were worth $381,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sequoia Financial Advisors LLC increased its holdings in shares of Arch Capital Group by 2.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 20,871 shares of the insurance provider’s stock worth $2,106,000 after acquiring an additional 519 shares during the period. Cetera Advisors LLC boosted its holdings in shares of Arch Capital Group by 70.9% in the first quarter. Cetera Advisors LLC now owns 13,700 shares of the insurance provider’s stock worth $1,266,000 after buying an additional 5,684 shares during the period. Swedbank AB acquired a new position in shares of Arch Capital Group in the first quarter worth about $25,060,000. Banque Cantonale Vaudoise lifted its position in shares of Arch Capital Group by 172.2% in the third quarter. Banque Cantonale Vaudoise now owns 55,423 shares of the insurance provider’s stock worth $6,201,000 after purchasing an additional 35,060 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Arch Capital Group by 10.0% in the third quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider’s stock worth $8,024,000 after purchasing an additional 6,521 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on ACGL. BMO Capital Markets raised their price objective 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. Roth Mkm lifted their price target on shares of Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Bank of America dropped their price target on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. JMP Securities lifted 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. Finally, JPMorgan Chase & Co. lifted their price target on shares of Arch Capital Group from $108.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Six 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $118.38.

Arch Capital Group Stock Up 0.3 %

ACGL opened at $100.74 on Thursday. The firm’s 50-day simple moving average is $106.11 and its 200-day simple moving average is $103.39. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $116.47. The firm has a market cap of $37.90 billion, a price-to-earnings ratio of 6.76, a PEG ratio of 1.59 and a beta of 0.61.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results 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. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the firm earned $2.31 EPS. Equities research analysts anticipate that Arch Capital Group Ltd. will post 8.99 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

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 given a dividend of $5.00 per share. The ex-dividend date is Monday, November 18th.

Arch Capital Group Company Profile

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.