Assenagon Asset Management S.A. Acquires 3,410 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Assenagon Asset Management S.A. grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,504 shares of the insurance provider’s stock after acquiring an additional 3,410 shares during the period. Assenagon Asset Management S.A.’s holdings in Arch Capital Group were worth $3,186,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Renaissance Technologies LLC purchased a new stake in Arch Capital Group during the 2nd quarter valued at approximately $4,167,000. AE Wealth Management LLC grew its stake in Arch Capital Group by 15.2% during the second quarter. AE Wealth Management LLC now owns 2,543 shares of the insurance provider’s stock valued at $257,000 after acquiring an additional 336 shares in the last quarter. Pacer Advisors Inc. grew its stake in Arch Capital Group by 28.0% during the second quarter. Pacer Advisors Inc. now owns 35,538 shares of the insurance provider’s stock valued at $3,585,000 after acquiring an additional 7,768 shares in the last quarter. ProShare Advisors LLC increased its holdings in Arch Capital Group by 3.5% in the 2nd quarter. ProShare Advisors LLC now owns 91,535 shares of the insurance provider’s stock valued at $9,235,000 after acquiring an additional 3,054 shares during the last quarter. Finally, Fidelis Capital Partners LLC lifted its stake in Arch Capital Group by 3.1% in the 2nd quarter. Fidelis Capital Partners LLC now owns 3,553 shares of the insurance provider’s stock worth $344,000 after purchasing an additional 106 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Down 0.7 %

ACGL stock opened at $94.88 on Wednesday. The company has a market capitalization of $35.70 billion, a PE ratio of 6.37, a P/E/G ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. Arch Capital Group Ltd. has a 12 month low of $78.67 and a 12 month high of $116.47. The firm’s 50-day moving average is $94.93 and its 200 day moving average is $101.54.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the firm posted $2.31 earnings per share. On average, research analysts anticipate that Arch Capital Group Ltd. will post 8.86 EPS for the current year.

Arch Capital Group Dividend Announcement

The company also recently declared a special dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were given a dividend of $5.00 per share. The ex-dividend date was Monday, November 18th.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reduced their target price on Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Evercore ISI upped their price objective on Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. Wells Fargo & Company cut their target price on shares of Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. decreased their price target on shares of 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. Finally, 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. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

About Arch Capital Group

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.