Pallas Capital Advisors LLC Has $3.27 Million Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Pallas Capital Advisors LLC lowered its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 35,412 shares of the insurance provider’s stock after selling 403 shares during the period. Pallas Capital Advisors LLC’s holdings in Arch Capital Group were worth $3,270,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. State Street Corp raised its position in shares of Arch Capital Group by 1.1% in the third quarter. State Street Corp now owns 16,587,446 shares of the insurance provider’s stock valued at $1,855,803,000 after buying an additional 172,628 shares in the last quarter. Geode Capital Management LLC raised its holdings in Arch Capital Group by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 10,830,263 shares of the insurance provider’s stock valued at $1,208,307,000 after acquiring an additional 253,648 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Arch Capital Group by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock valued at $832,246,000 after acquiring an additional 337,786 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Arch Capital Group by 1.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,124,251 shares of the insurance provider’s stock worth $573,301,000 after purchasing an additional 49,426 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Arch Capital Group by 6.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,925,288 shares of the insurance provider’s stock valued at $396,026,000 after purchasing an additional 244,285 shares in the last quarter. 89.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ACGL has been the subject of several research analyst reports. Evercore ISI upped their price target 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. Keefe, Bruyette & Woods dropped 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. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Bank of America cut their target price on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, TD Cowen upped their price target on shares of Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.13.

Arch Capital Group Trading Up 0.7 %

ACGL stock traded up $0.66 during midday trading on Monday, hitting $90.83. The company had a trading volume of 1,512,450 shares, compared to its average volume of 1,813,745. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 52 week low of $77.53 and a 52 week high of $116.47. The stock has a market cap of $34.17 billion, a price-to-earnings ratio of 6.10, a PEG ratio of 1.49 and a beta of 0.64. The stock’s 50 day moving average price is $95.69 and its 200 day moving average price is $101.80.

Arch Capital Group (NASDAQ:ACGL) last announced its 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 quarter in the prior year, the company earned $2.31 earnings per share. As a group, equities research analysts expect that Arch Capital Group Ltd. will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Dividend Announcement

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