UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 245.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,053,739 shares of the insurance provider’s stock after purchasing an additional 2,168,897 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.81% of Arch Capital Group worth $341,652,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ACGL. Public Sector Pension Investment Board lifted its holdings in Arch Capital Group by 2.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 65,256 shares of the insurance provider’s stock valued at $7,301,000 after purchasing an additional 1,800 shares in the last quarter. National Wealth Management Group LLC boosted its position in Arch Capital Group by 7.9% during the third quarter. National Wealth Management Group LLC now owns 3,174 shares of the insurance provider’s stock worth $355,000 after acquiring an additional 233 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Arch Capital Group during the third quarter worth approximately $9,845,000. Blueshift Asset Management LLC purchased a new stake in Arch Capital Group in the 3rd quarter worth approximately $334,000. Finally, Bridgewater Associates LP raised its holdings in Arch Capital Group by 48.7% in the 3rd quarter. Bridgewater Associates LP now owns 207,919 shares of the insurance provider’s stock valued at $23,262,000 after acquiring an additional 68,072 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Jefferies Financial Group lifted their price objective on Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Roth Mkm upped their price objective on shares of Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. BMO Capital Markets boosted 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 report on Wednesday, November 6th. Evercore ISI upped their price target on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Finally, TD Cowen lifted their price target on shares of Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a report on Friday, September 20th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Arch Capital Group has an average rating of “Moderate Buy” and a consensus price target of $118.38.

Arch Capital Group Stock Down 0.0 %

Shares of NASDAQ:ACGL opened at $100.72 on Friday. The company has a market capitalization of $37.89 billion, a price-to-earnings ratio of 6.76, a price-to-earnings-growth ratio of 1.60 and a beta of 0.61. The company has a 50 day moving average of $105.65 and a two-hundred day moving average of $103.35. Arch Capital Group Ltd. has a 52-week low of $72.85 and a 52-week high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) 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 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 in the previous year, the firm posted $2.31 EPS. As a group, analysts forecast that Arch Capital Group Ltd. will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be paid 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.