Arch Capital Group Ltd. (NASDAQ:ACGL) Position Raised by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lifted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 17.0% in the 3rd quarter, Holdings Channel reports. The fund owned 5,955 shares of the insurance provider’s stock after buying an additional 865 shares during the period. Coldstream Capital Management Inc.’s holdings in Arch Capital Group were worth $659,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. PNC Financial Services Group Inc. grew its position in Arch Capital Group by 10.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider’s stock worth $8,024,000 after purchasing an additional 6,521 shares during the last quarter. Banque Cantonale Vaudoise boosted its position in shares of Arch Capital Group by 172.2% during the third quarter. Banque Cantonale Vaudoise now owns 55,423 shares of the insurance provider’s stock worth $6,201,000 after buying an additional 35,060 shares during the period. Metis Global Partners LLC grew its holdings in Arch Capital Group by 26.6% in the 3rd quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider’s stock worth $2,849,000 after buying an additional 5,345 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in Arch Capital Group by 5.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider’s stock valued at $12,444,000 after acquiring an additional 5,614 shares during the period. Finally, Signaturefd LLC increased its position in Arch Capital Group by 6.8% in the 3rd quarter. Signaturefd LLC now owns 2,952 shares of the insurance provider’s stock valued at $330,000 after acquiring an additional 187 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ACGL shares. Bank of America decreased their price target on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Jefferies Financial Group increased their target price on shares of Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Wells Fargo & Company reduced their price target on shares of Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. TD Cowen raised their price objective on shares of Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. boosted their target price on Arch Capital Group from $108.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.38.

Arch Capital Group Trading Down 0.5 %

Shares of NASDAQ ACGL opened at $93.42 on Friday. The business has a fifty day simple moving average of $102.03 and a 200-day simple moving average of $103.06. The company has a market cap of $35.15 billion, a price-to-earnings ratio of 6.27, a P/E/G ratio of 1.50 and a beta of 0.62. Arch Capital Group Ltd. has a 12 month low of $72.85 and a 12 month high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL) last posted 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 net margin of 33.86% and a return on equity of 18.94%. The company had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the firm earned $2.31 earnings per share. Sell-side analysts predict that Arch Capital Group Ltd. will post 8.99 EPS for the current year.

Arch Capital Group Announces Dividend

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