Fifth Third Wealth Advisors LLC Grows Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Fifth Third Wealth Advisors LLC grew its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 8.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,955 shares of the insurance provider’s stock after purchasing an additional 237 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Arch Capital Group were worth $331,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ACGL. UMB Bank n.a. purchased a new stake in Arch Capital Group in the second quarter valued at about $30,000. Baldwin Brothers LLC MA raised its position in shares of Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 104 shares during the last quarter. Rothschild Investment LLC acquired a new stake in Arch Capital Group in the 2nd quarter worth approximately $35,000. LRI Investments LLC purchased a new stake in Arch Capital Group during the 1st quarter worth approximately $38,000. Finally, Versant Capital Management Inc increased its stake in Arch Capital Group by 40.3% during the 2nd quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock valued at $46,000 after purchasing an additional 131 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ACGL. Jefferies Financial Group lifted their price objective 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 boosted their price target on Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Roth Mkm raised their price objective on Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. TD Cowen lifted their target price on Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Finally, Wells Fargo & Company cut their price target on shares of Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating on the stock in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Arch Capital Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.38.

Arch Capital Group Stock Up 3.1 %

ACGL opened at $98.63 on Friday. The company has a fifty day moving average of $106.91 and a two-hundred day moving average of $103.30. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. Arch Capital Group Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $116.47. The stock has a market capitalization of $37.11 billion, a price-to-earnings ratio of 6.62, a PEG ratio of 1.52 and a beta of 0.61.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The company had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the prior year, the firm posted $2.31 EPS. On average, research analysts expect that Arch Capital Group Ltd. will post 9.01 earnings per share for the current year.

Arch Capital Group Announces Dividend

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