KBC Group NV Boosts Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

KBC Group NV lifted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 385.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 564,095 shares of the insurance provider’s stock after purchasing an additional 447,831 shares during the period. KBC Group NV owned about 0.15% of Arch Capital Group worth $52,094,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in shares of Arch Capital Group in the third quarter valued at about $25,000. Compagnie Lombard Odier SCmA acquired a new stake in Arch Capital Group in the 3rd quarter worth about $46,000. UMB Bank n.a. increased its stake 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 worth $48,000 after buying an additional 126 shares in 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 worth $49,000 after buying an additional 284 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Arch Capital Group during the third quarter valued at approximately $50,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. BMO Capital Markets boosted their price target on Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 6th. StockNews.com cut shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Royal Bank of Canada lowered their price target on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Evercore ISI increased their price objective on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods lowered their target price on Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Arch Capital Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $96.52 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $36.31 billion, a P/E ratio of 6.48, a P/E/G ratio of 1.52 and a beta of 0.64. The firm’s 50 day moving average price is $94.43 and its 200-day moving average price is $101.43. Arch Capital Group Ltd. has a one year low of $79.00 and a one year high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping the consensus estimate of $1.94 by $0.05. The business had revenue of $4.72 billion during the quarter, compared to analyst estimates 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. As a group, equities research analysts predict that Arch Capital Group Ltd. will post 8.86 EPS for the current year.

Arch Capital Group Dividend Announcement

The firm also recently declared a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were paid 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.