Plato Investment Management Ltd Takes Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Plato Investment Management Ltd acquired a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) during the third quarter, HoldingsChannel reports. The firm acquired 2,883 shares of the insurance provider’s stock, valued at approximately $322,000.

Several other institutional investors have also bought and sold shares of ACGL. Oppenheimer & Co. Inc. lifted its stake in shares of Arch Capital Group by 7.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 19,735 shares of the insurance provider’s stock worth $2,208,000 after acquiring an additional 1,321 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Arch Capital Group by 1.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 119,945 shares of the insurance provider’s stock worth $13,419,000 after purchasing an additional 2,073 shares in the last quarter. MQS Management LLC bought a new stake in Arch Capital Group during the third quarter worth approximately $504,000. Haverford Trust Co lifted its position in Arch Capital Group by 14.7% in the third quarter. Haverford Trust Co now owns 2,534 shares of the insurance provider’s stock worth $284,000 after purchasing an additional 325 shares during the period. Finally, Cumberland Partners Ltd boosted its stake in Arch Capital Group by 9.9% during the 3rd quarter. Cumberland Partners Ltd now owns 45,480 shares of the insurance provider’s stock valued at $5,088,000 after purchasing an additional 4,100 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ACGL. Evercore ISI boosted their price objective on Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price target on shares of Arch Capital Group from $120.00 to $121.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. JMP Securities lifted their price objective on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. increased their target price on shares of Arch Capital Group from $108.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Finally, Barclays started coverage on Arch Capital Group in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 price target on the stock. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.94.

Arch Capital Group Trading Up 1.8 %

Shares of NASDAQ ACGL opened at $101.83 on Friday. The firm has a market capitalization of $38.31 billion, a PE ratio of 6.83, a PEG ratio of 1.46 and a beta of 0.61. Arch Capital Group Ltd. has a one year low of $72.85 and a one year high of $116.47. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $108.03 and a two-hundred day moving average price of $103.24.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share 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 firm had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the business earned $2.31 EPS. As a group, analysts predict that Arch Capital Group Ltd. will post 9.02 earnings per share for the current fiscal year.

Arch Capital Group Dividend Announcement

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