World Investment Advisors LLC Takes Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

World Investment Advisors LLC bought a new position in Arch Capital Group Ltd. (NASDAQ:ACGL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,787 shares of the insurance provider’s stock, valued at approximately $312,000.

Several other large investors also recently added to or reduced their stakes in ACGL. Nomura Asset Management Co. Ltd. increased its stake in shares of Arch Capital Group by 5.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider’s stock worth $12,444,000 after purchasing an additional 5,614 shares in the last quarter. PNC Financial Services Group Inc. increased its position in 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 buying an additional 6,521 shares in the last quarter. Banque Cantonale Vaudoise raised its stake 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 buying an additional 35,060 shares during the period. Metis Global Partners LLC lifted its position in shares of Arch Capital Group by 26.6% during the 3rd quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider’s stock valued at $2,849,000 after buying an additional 5,345 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Arch Capital Group by 6.8% during the 3rd quarter. Signaturefd LLC now owns 2,952 shares of the insurance provider’s stock valued at $330,000 after acquiring an additional 187 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ACGL. Barclays initiated 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 on the stock. Royal Bank of Canada lowered their target price on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Roth Mkm increased their price target on Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Citigroup boosted their price objective on Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Finally, StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $118.38.

Arch Capital Group Stock Down 2.0 %

NASDAQ ACGL opened at $88.71 on Thursday. The stock has a 50 day moving average price of $100.83 and a 200-day moving average price of $102.82. Arch Capital Group Ltd. has a one year low of $73.04 and a one year high of $116.47. The company has a market capitalization of $33.38 billion, a P/E ratio of 5.95, a P/E/G ratio of 1.49 and a beta of 0.62. 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 (NASDAQ:ACGL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.05. The business had revenue of $4.72 billion during 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 last year, the company posted $2.31 EPS. As a group, equities analysts predict that Arch Capital Group Ltd. will post 8.99 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were given 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.