Blueshift Asset Management LLC Buys Shares of 2,984 Arch Capital Group Ltd. (NASDAQ:ACGL)

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

A number of other large investors also recently modified their holdings of ACGL. Farther Finance Advisors LLC boosted its stake in Arch Capital Group by 12.8% in the third quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock worth $100,000 after buying an additional 101 shares in the last quarter. Fiduciary Financial Group LLC boosted its stake in shares of Arch Capital Group by 2.8% in the 3rd quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider’s stock valued at $415,000 after purchasing an additional 103 shares in the last quarter. Baldwin Brothers LLC MA grew its holdings in shares of Arch Capital Group by 50.7% during the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 104 shares during the last quarter. Fidelis Capital Partners LLC raised its position in Arch Capital Group by 3.1% in the 2nd quarter. Fidelis Capital Partners LLC now owns 3,553 shares of the insurance provider’s stock worth $344,000 after purchasing an additional 106 shares during the period. Finally, KG&L Capital Management LLC boosted its position in Arch Capital Group by 1.1% during the third quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock valued at $1,214,000 after buying an additional 115 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Price Performance

Shares of ACGL stock opened at $100.74 on Friday. The business’s fifty day moving average is $105.87 and its 200 day moving average is $103.37. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The stock has a market cap of $37.90 billion, a price-to-earnings ratio of 6.76, a PEG ratio of 1.60 and a beta of 0.61. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the firm earned $2.31 EPS. Research analysts expect that Arch Capital Group Ltd. will post 8.99 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

The firm also recently announced 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 of this dividend is Monday, November 18th.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Evercore ISI lifted 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. Wells Fargo & Company lowered their price objective on Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. TD Cowen raised their target price 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. Barclays began coverage on shares of Arch Capital Group in a report on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 price target for the company. Finally, BMO Capital Markets raised their price target 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 equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Arch Capital Group currently has an average rating of “Moderate Buy” and a consensus price target of $118.38.

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.