MetLife Investment Management LLC Decreases Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

MetLife Investment Management LLC reduced its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 97,143 shares of the insurance provider’s stock after selling 2,365 shares during the period. MetLife Investment Management LLC’s holdings in Arch Capital Group were worth $10,868,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Quantbot Technologies LP bought a new position in Arch Capital Group during the third quarter valued at $25,000. UMB Bank n.a. bought a new position in shares of Arch Capital Group during the 2nd quarter worth $30,000. Baldwin Brothers LLC MA increased its holdings in Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 104 shares during the last quarter. Rothschild Investment LLC bought a new stake in Arch Capital Group in the 2nd quarter valued at about $35,000. Finally, LRI Investments LLC purchased a new stake in Arch Capital Group during the first quarter valued at about $38,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL 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’s fifty day moving average is $105.87 and its 200 day moving average is $103.37. The stock has a market cap of $37.90 billion, a PE ratio of 6.76, a PEG ratio of 1.60 and a beta of 0.61. 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 data on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating the consensus estimate of $1.94 by $0.05. The firm had revenue of $4.72 billion during 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 period in the prior year, the firm posted $2.31 earnings per share. Research analysts anticipate that Arch Capital Group Ltd. will post 8.99 earnings per share for the current year.

Arch Capital Group Announces Dividend

The firm also recently disclosed 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.

Wall Street Analyst Weigh In

ACGL has been the subject of several analyst reports. Evercore ISI raised their price objective on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. Citigroup lifted their price target 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. BMO Capital Markets increased their price objective 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. TD Cowen lifted their target price on Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a report on Friday, September 20th. Finally, Jefferies Financial Group increased their price target on shares of Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Arch Capital Group has a consensus rating of “Moderate Buy” and a consensus price target of $118.38.

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.