Prospera Financial Services Inc Has $202,000 Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Prospera Financial Services Inc reduced its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 39.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,807 shares of the insurance provider’s stock after selling 1,166 shares during the period. Prospera Financial Services Inc’s holdings in Arch Capital Group were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its stake in shares of Arch Capital Group by 2.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 20,871 shares of the insurance provider’s stock valued at $2,106,000 after purchasing an additional 519 shares in the last quarter. Cetera Advisors LLC boosted its stake in shares of Arch Capital Group by 70.9% in the 1st quarter. Cetera Advisors LLC now owns 13,700 shares of the insurance provider’s stock valued at $1,266,000 after purchasing an additional 5,684 shares in the last quarter. Swedbank AB acquired a new stake in shares of Arch Capital Group in the 1st quarter valued at approximately $25,060,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Arch Capital Group by 0.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,052,549 shares of the insurance provider’s stock valued at $97,299,000 after purchasing an additional 7,109 shares in the last quarter. Finally, Metis Global Partners LLC boosted its stake in shares of Arch Capital Group by 26.6% in the 3rd quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider’s stock valued at $2,849,000 after purchasing an additional 5,345 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on ACGL. JPMorgan Chase & Co. raised their price objective on shares of Arch Capital Group from $108.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Evercore ISI raised their price objective on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Barclays began coverage on shares of Arch Capital Group in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 price objective for the company. Finally, TD Cowen raised their price objective on shares of Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a report on Friday, September 20th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Arch Capital Group has a consensus rating of “Moderate Buy” and a consensus target price of $118.38.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $100.06 on Tuesday. The company has a fifty day moving average of $106.38 and a 200-day moving average of $103.39. The firm has a market capitalization of $37.65 billion, a P/E ratio of 6.72, a P/E/G ratio of 1.59 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 twelve month low of $72.85 and a twelve month high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) 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 business had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the firm posted $2.31 EPS. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.99 EPS for the current 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 issued a dividend of $5.00 per share. The ex-dividend date of this dividend 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.