Swedbank AB Buys 919,793 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Swedbank AB grew its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 268.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,261,957 shares of the insurance provider’s stock after purchasing an additional 919,793 shares during the quarter. Swedbank AB owned approximately 0.34% of Arch Capital Group worth $116,542,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Quantbot Technologies LP acquired a new position in shares of Arch Capital Group in the third quarter valued at approximately $25,000. Compagnie Lombard Odier SCmA bought a new stake in Arch Capital Group in the 3rd quarter valued at $46,000. UMB Bank n.a. grew its holdings in Arch Capital Group by 41.9% in the 3rd quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock valued at $48,000 after buying an additional 126 shares in the last quarter. Asset Dedication LLC increased its position 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 during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Arch Capital Group during the third quarter worth $50,000. Institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on ACGL. Keefe, Bruyette & Woods dropped their price objective on shares of Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. JPMorgan Chase & Co. lowered their price objective on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Barclays reduced their target price on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Evercore ISI boosted their price target on Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. Finally, JMP Securities boosted their target price on shares of Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Arch Capital Group has a consensus rating of “Moderate Buy” and an average price target of $118.00.

Arch Capital Group Trading Down 0.6 %

Shares of ACGL stock traded down $0.55 on Wednesday, hitting $94.66. The company had a trading volume of 351,409 shares, compared to its average volume of 1,863,351. Arch Capital Group Ltd. has a twelve month low of $79.51 and a twelve month high of $116.47. 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 $35.62 billion, a P/E ratio of 6.36, a P/E/G ratio of 1.52 and a beta of 0.64. The stock’s 50-day moving average is $94.43 and its two-hundred day moving average is $101.42.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the business earned $2.31 EPS. On average, equities research analysts anticipate that Arch Capital Group Ltd. will post 8.86 earnings per share for the current fiscal 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 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.