Park National Corp OH Has $254,000 Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Park National Corp OH cut its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,750 shares of the insurance provider’s stock after selling 127 shares during the period. Park National Corp OH’s holdings in Arch Capital Group were worth $254,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Westwind Capital raised its stake in Arch Capital Group by 2.4% during the fourth quarter. Westwind Capital now owns 91,363 shares of the insurance provider’s stock worth $8,437,000 after acquiring an additional 2,155 shares in the last quarter. Insight Wealth Strategies LLC lifted its holdings in Arch Capital Group by 68.2% during the 4th quarter. Insight Wealth Strategies LLC now owns 42,965 shares of the insurance provider’s stock valued at $3,968,000 after purchasing an additional 17,427 shares during the last quarter. Nordea Investment Management AB boosted its position in Arch Capital Group by 3.1% in the fourth quarter. Nordea Investment Management AB now owns 30,283 shares of the insurance provider’s stock valued at $2,785,000 after buying an additional 905 shares in the last quarter. Everence Capital Management Inc. grew its stake in Arch Capital Group by 239.9% during the fourth quarter. Everence Capital Management Inc. now owns 19,580 shares of the insurance provider’s stock worth $1,808,000 after buying an additional 13,820 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of Arch Capital Group during the third quarter worth approximately $1,846,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ACGL shares. Barclays decreased their price target on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday. Wells Fargo & Company lowered their target price on Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. 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. Finally, Royal Bank of Canada reduced their target price on shares of 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. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $116.88.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $92.66 on Thursday. The firm has a market capitalization of $34.86 billion, a P/E ratio of 6.22, a PEG ratio of 1.49 and a beta of 0.64. The business has a 50-day moving average of $95.92 and a 200-day moving average of $101.94. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 1 year low of $74.85 and a 1 year high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 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 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 prior year, the firm earned $2.31 earnings per share. On average, equities analysts anticipate that Arch Capital Group Ltd. will post 8.99 EPS for the current year.

Arch Capital Group Dividend Announcement

The firm also recently announced a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were issued a dividend of $5.00 per share. The ex-dividend date of this dividend was 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.