Apollon Wealth Management LLC Buys 1,443 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Apollon Wealth Management LLC raised its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 31.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,105 shares of the insurance provider’s stock after purchasing an additional 1,443 shares during the period. Apollon Wealth Management LLC’s holdings in Arch Capital Group were worth $683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in Arch Capital Group by 0.3% in the first quarter. Vanguard Group Inc. now owns 40,858,890 shares of the insurance provider’s stock worth $3,776,996,000 after buying an additional 104,008 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Arch Capital Group by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock worth $832,246,000 after acquiring an additional 337,786 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Arch Capital Group by 1.0% during the 3rd 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. Capital International Investors grew its holdings in Arch Capital Group by 61.1% during the 1st quarter. Capital International Investors now owns 4,112,577 shares of the insurance provider’s stock valued at $380,167,000 after purchasing an additional 1,560,173 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Arch Capital Group by 6.6% during the 2nd 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 during the last quarter. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Trading Up 1.8 %

Shares of NASDAQ ACGL opened at $101.83 on Friday. Arch Capital Group Ltd. has a 1-year low of $72.85 and a 1-year high of $116.47. The business has a fifty day moving average price of $108.03 and a 200 day moving average price of $103.24. The stock has a market capitalization of $38.31 billion, a P/E ratio of 6.83, a price-to-earnings-growth ratio of 1.46 and a beta of 0.61. 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 released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating the consensus estimate 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 business 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 posted $2.31 earnings per share. Equities research analysts expect that Arch Capital Group Ltd. will post 9.02 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

The company also recently declared a special dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be issued a $5.00 dividend. The ex-dividend date is Monday, November 18th.

Analysts Set New Price Targets

Several brokerages have issued reports on ACGL. Barclays assumed coverage on Arch Capital Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 target price for the company. Royal Bank of Canada dropped their price objective on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, November 1st. BMO Capital Markets increased their target price on Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 6th. Roth Mkm boosted their target price on shares of Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, Wells Fargo & Company reduced their price target on shares of Arch Capital Group from $126.00 to $118.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.94.

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.