KBC Group NV Has $13.01 Million Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

KBC Group NV lifted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 92.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,264 shares of the insurance provider’s stock after buying an additional 55,881 shares during the period. KBC Group NV’s holdings in Arch Capital Group were worth $13,007,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Avantax Advisory Services Inc. lifted 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 purchasing an additional 1,045 shares in the last quarter. Blair William & Co. IL lifted 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 buying an additional 286 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of 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 worth $3,776,996,000 after buying an additional 104,008 shares during the last quarter. TIAA Trust National Association acquired a new position in shares of Arch Capital Group during the 1st quarter worth about $263,000. Finally, Cynosure Group LLC acquired a new stake in shares of Arch Capital Group in the first quarter valued at about $326,000. 89.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on ACGL. Jefferies Financial Group increased their price target 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. Bank of America decreased their target price on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research note on Friday. BMO Capital Markets upped 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 research report on Wednesday, November 6th. Wells Fargo & Company decreased their price objective on shares of Arch Capital Group from $126.00 to $118.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Finally, JMP Securities upped their target price on shares of Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $118.94.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $101.83 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. The company has a market cap of $38.31 billion, a PE ratio of 6.83, a price-to-earnings-growth ratio of 1.46 and a beta of 0.61. The company has a 50 day moving average of $108.03 and a 200-day moving average of $103.31. Arch Capital Group Ltd. has a 1-year low of $72.85 and a 1-year high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results 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 company had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same quarter in the previous year, the firm earned $2.31 EPS. As a group, equities research analysts forecast that Arch Capital Group Ltd. will post 9.02 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

The business 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 $5.00 dividend. The ex-dividend date is Monday, November 18th.

Arch Capital Group 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.