Assenagon Asset Management S.A. Acquires 3,410 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Assenagon Asset Management S.A. increased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 11.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,504 shares of the insurance provider’s stock after acquiring an additional 3,410 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Arch Capital Group were worth $3,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in shares of Arch Capital Group in the third quarter worth $25,000. Compagnie Lombard Odier SCmA purchased a new stake in Arch Capital Group during the 3rd quarter valued at about $46,000. UMB Bank n.a. grew its position in Arch Capital Group by 41.9% during the 3rd quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock valued at $48,000 after purchasing an additional 126 shares during the last quarter. Asset Dedication LLC increased its stake in Arch Capital Group by 188.1% during the 3rd quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 284 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in Arch Capital Group in the third quarter worth about $50,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ACGL has been the subject of several analyst reports. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Barclays reduced their target price on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Royal Bank of Canada lowered their price target on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. JMP Securities lifted their price objective on Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 15th. Finally, Keefe, Bruyette & Woods decreased their target price on Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Arch Capital Group Trading Down 0.7 %

NASDAQ:ACGL opened at $94.88 on Wednesday. Arch Capital Group Ltd. has a one year low of $78.67 and a one year high of $116.47. The business has a fifty day moving average price of $94.93 and a 200-day moving average price of $101.54. The firm has a market capitalization of $35.70 billion, a price-to-earnings ratio of 6.37, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58.

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, topping 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 during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the prior year, the business posted $2.31 earnings per share. Sell-side analysts forecast that Arch Capital Group Ltd. will post 8.86 EPS for the current year.

Arch Capital Group Announces Dividend

The company also recently declared a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were issued a dividend of $5.00 per share. The ex-dividend date of this dividend was Monday, November 18th.

Arch Capital Group Company 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.