KBC Group NV Purchases 55,881 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

KBC Group NV lifted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 92.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 116,264 shares of the insurance provider’s stock after purchasing an additional 55,881 shares during the period. KBC Group NV’s holdings in Arch Capital Group were worth $13,007,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ACGL. Vanguard Group Inc. lifted its stake in shares of Arch Capital Group by 0.3% in the first quarter. Vanguard Group Inc. now owns 40,858,890 shares of the insurance provider’s stock worth $3,776,996,000 after acquiring an additional 104,008 shares during the period. Principal Financial Group Inc. lifted its position in shares of Arch Capital Group by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock worth $832,246,000 after purchasing an additional 337,786 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Arch Capital Group by 1.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,124,251 shares of the insurance provider’s stock valued at $573,301,000 after purchasing an additional 49,426 shares during the last quarter. Capital International Investors increased its position in shares of Arch Capital Group by 61.1% during the first quarter. Capital International Investors now owns 4,112,577 shares of the insurance provider’s stock worth $380,167,000 after buying an additional 1,560,173 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Arch Capital Group by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,925,288 shares of the insurance provider’s stock worth $396,026,000 after buying an additional 244,285 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Trading Up 1.8 %

NASDAQ:ACGL opened at $101.83 on Friday. Arch Capital Group Ltd. has a 52 week low of $72.85 and a 52 week high of $116.47. The firm has a 50-day moving average price of $108.03 and a two-hundred day moving average price of $103.31. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $38.31 billion, a price-to-earnings ratio of 6.83, a price-to-earnings-growth ratio of 1.46 and a beta of 0.61.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating 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 the consensus estimate of $4.05 billion. During the same period last year, the business posted $2.31 earnings per share. On average, equities analysts expect that Arch Capital Group Ltd. will post 9.02 earnings per share for the current fiscal year.

Arch Capital Group Dividend Announcement

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

Analyst Ratings Changes

ACGL has been the subject of a number of recent analyst reports. JMP Securities increased their price target on Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. raised their target price on Arch Capital Group from $108.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Jefferies Financial Group boosted their price target on Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Barclays started coverage on shares of Arch Capital Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 price objective for the company. Finally, Bank of America dropped their target price 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. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $118.94.

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.