Nicolet Advisory Services LLC Sells 535 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Nicolet Advisory Services LLC lessened its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 9.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,909 shares of the insurance provider’s stock after selling 535 shares during the period. Nicolet Advisory Services LLC’s holdings in Arch Capital Group were worth $554,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ACGL. UMB Bank n.a. bought a new position in Arch Capital Group in the second quarter worth approximately $30,000. Baldwin Brothers LLC MA raised its holdings in Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 104 shares during the period. Rothschild Investment LLC purchased a new position in Arch Capital Group during the second quarter valued at $35,000. LRI Investments LLC bought a new stake in Arch Capital Group during the first quarter valued at about $38,000. Finally, Versant Capital Management Inc increased its position in Arch Capital Group by 40.3% in the second quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock worth $46,000 after buying an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ACGL shares. Royal Bank of Canada lowered their price objective on 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. Barclays assumed coverage on shares of Arch Capital Group in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 price target for the company. BMO Capital Markets raised their price objective on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research report on Wednesday, November 6th. TD Cowen upped their target price on shares of Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Finally, JMP Securities raised their price target on Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.38.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $99.69 on Friday. The company’s 50-day moving average price is $106.67 and its 200-day moving average price is $103.35. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The company has a market cap of $37.51 billion, a PE ratio of 6.69, a price-to-earnings-growth ratio of 1.56 and a beta of 0.61. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.05. The company had revenue of $4.72 billion for 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 earnings per share. On average, equities research analysts forecast that Arch Capital Group Ltd. will post 9.01 EPS for the current fiscal year.

Arch Capital Group Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be paid 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.