Trustmark National Bank Trust Department Boosts Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Trustmark National Bank Trust Department boosted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 7.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 26,760 shares of the insurance provider’s stock after purchasing an additional 1,893 shares during the period. Trustmark National Bank Trust Department’s holdings in Arch Capital Group were worth $2,994,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Blair William & Co. IL increased its position in shares of Arch Capital Group by 6.9% in the first quarter. Blair William & Co. IL now owns 4,414 shares of the insurance provider’s stock valued at $408,000 after buying an additional 286 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Arch Capital Group by 4.0% during the first quarter. Bessemer Group Inc. now owns 35,874 shares of the insurance provider’s stock worth $3,317,000 after purchasing an additional 1,390 shares in the last quarter. Natixis raised its stake in Arch Capital Group by 30.5% in the 1st quarter. Natixis now owns 62,028 shares of the insurance provider’s stock valued at $5,734,000 after purchasing an additional 14,495 shares during the last quarter. CreativeOne Wealth LLC acquired a new stake in Arch Capital Group during the 1st quarter worth $219,000. Finally, Advisors Asset Management Inc. boosted its position in Arch Capital Group by 1.4% during the first quarter. Advisors Asset Management Inc. now owns 16,826 shares of the insurance provider’s stock worth $1,555,000 after acquiring an additional 231 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ACGL shares. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Jefferies Financial Group lifted their target price on shares of Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Citigroup increased their price target on shares of Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Bank of America reduced their price target 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, Wells Fargo & Company cut their target price on Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating for the company in a research note on Tuesday. Six 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $118.38.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $95.71 on Thursday. The firm has a 50 day moving average of $107.15 and a two-hundred day moving average of $103.33. The stock has a market capitalization of $36.01 billion, a PE ratio of 6.42, a P/E/G ratio of 1.52 and a beta of 0.61. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 52 week low of $72.85 and a 52 week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last released its 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 firm had revenue of $4.72 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted $2.31 EPS. On average, research analysts predict that Arch Capital Group Ltd. will post 9.01 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

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