D.A. Davidson & CO. Has $4.64 Million Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

D.A. Davidson & CO. lifted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 13.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 41,430 shares of the insurance provider’s stock after acquiring an additional 4,753 shares during the period. D.A. Davidson & CO.’s holdings in Arch Capital Group were worth $4,635,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ACGL. UMB Bank n.a. acquired a new position in shares of Arch Capital Group during the 2nd quarter worth $30,000. Baldwin Brothers LLC MA raised 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 worth $31,000 after buying an additional 104 shares in the last quarter. Rothschild Investment LLC acquired a new position in Arch Capital Group in the 2nd quarter worth about $35,000. LRI Investments LLC acquired a new position in Arch Capital Group in the 1st quarter worth about $38,000. Finally, Versant Capital Management Inc increased its holdings in Arch Capital Group by 40.3% in the 2nd quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock worth $46,000 after purchasing an additional 131 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on ACGL. Royal Bank of Canada lowered their target price on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Roth Mkm upped their target price on Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Bank of America lowered their target price on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 15th. BMO Capital Markets upped their target price on Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a report on Wednesday, November 6th. Finally, Barclays started coverage on Arch Capital Group in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Arch Capital Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.38.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $100.74 on Friday. 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 company has a market cap of $37.90 billion, a PE ratio of 6.76, a price-to-earnings-growth ratio of 1.59 and a beta of 0.61. The business has a 50 day moving average price of $105.87 and a 200-day moving average price of $103.37. Arch Capital Group Ltd. has a 52 week low of $72.85 and a 52 week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. The company had revenue of $4.72 billion during the quarter, compared to the consensus estimate 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 period last year, the business posted $2.31 earnings per share. Equities analysts anticipate that Arch Capital Group Ltd. will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

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