Arch Capital Group Ltd. (NASDAQ:ACGL) Holdings Lowered by Mount Lucas Management LP

Mount Lucas Management LP decreased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 48.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,208 shares of the insurance provider’s stock after selling 28,195 shares during the quarter. Arch Capital Group accounts for about 1.1% of Mount Lucas Management LP’s investment portfolio, making the stock its 12th largest holding. Mount Lucas Management LP’s holdings in Arch Capital Group were worth $3,380,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Avantax Advisory Services Inc. increased its position in shares of Arch Capital Group by 14.0% in the first quarter. Avantax Advisory Services Inc. now owns 8,534 shares of the insurance provider’s stock worth $789,000 after acquiring an additional 1,045 shares in the last quarter. Blair William & Co. IL grew its position in Arch Capital Group by 6.9% during the 1st quarter. Blair William & Co. IL now owns 4,414 shares of the insurance provider’s stock worth $408,000 after purchasing an additional 286 shares in the last quarter. Vanguard Group Inc. raised its stake in Arch Capital Group by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 40,858,890 shares of the insurance provider’s stock valued at $3,776,996,000 after purchasing an additional 104,008 shares during the period. TIAA Trust National Association purchased a new stake in shares of Arch Capital Group in the first quarter valued at $263,000. Finally, Cynosure Group LLC acquired a new stake in shares of Arch Capital Group in the first quarter worth $326,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Up 1.8 %

Arch Capital Group stock opened at $101.83 on Friday. Arch Capital Group Ltd. has a one year low of $72.85 and a one year high of $116.47. The company’s fifty day moving average price is $108.03 and its two-hundred day moving average price is $103.31. 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 company has a market capitalization of $38.31 billion, a price-to-earnings ratio of 6.83, a PEG ratio of 1.47 and a beta of 0.61.

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, beating analysts’ consensus estimates of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. 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 posted $2.31 EPS. On average, analysts forecast that Arch Capital Group Ltd. will post 9.01 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

The company also recently declared a special dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be given a $5.00 dividend. The ex-dividend date of this dividend is Monday, November 18th.

Analysts Set New Price Targets

Several research firms recently weighed in on ACGL. Bank of America dropped their price target on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday. StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Citigroup raised their price target on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Wells Fargo & Company lowered their price objective on shares of Arch Capital Group from $126.00 to $118.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Finally, JMP Securities increased their target price on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 15th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.94.

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.