Dimensional Fund Advisors LP Buys 26,160 Shares of Arch Capital Group Ltd. $ACGL

Key Points

• Dimensional Fund Advisors LP has increased its position in Arch Capital Group by 0.6%, owning over 4 million shares valued at approximately $401.7 million.
• Arch Capital Group's stock recently opened at $90.72, with a market cap of $33.86 billion and a one-year PE ratio of 9.36.
• Analysts show mixed ratings on Arch Capital Group, with eight holding a "hold" rating and ten giving a "buy" rating, while the average price target is set at $112.13.

Dimensional Fund Advisors LP increased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 0.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,176,984 shares of the insurance provider's stock after buying an additional 26,160 shares during the period. Dimensional Fund Advisors LP owned 1.11% of Arch Capital Group worth $401,710,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of ACGL. Townsquare Capital LLC grew its holdings in Arch Capital Group by 72.2% in the fourth quarter. Townsquare Capital LLC now owns 13,719 shares of the insurance provider's stock worth $1,267,000 after purchasing an additional 5,750 shares during the period. Synovus Financial Corp boosted its holdings in Arch Capital Group by 3.0% during the fourth quarter. Synovus Financial Corp now owns 4,740 shares of the insurance provider's stock worth $438,000 after purchasing an additional 139 shares during the last quarter. CreativeOne Wealth LLC boosted its stake in Arch Capital Group by 4.9% in the fourth quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider's stock valued at $248,000 after acquiring an additional 126 shares during the last quarter. Jump Financial LLC boosted its stake in Arch Capital Group by 6.9% in the fourth quarter. Jump Financial LLC now owns 3,384 shares of the insurance provider's stock valued at $313,000 after acquiring an additional 218 shares during the last quarter. Finally, United Capital Financial Advisors LLC boosted its stake in Arch Capital Group by 1.4% in the fourth quarter. United Capital Financial Advisors LLC now owns 12,062 shares of the insurance provider's stock valued at $1,114,000 after acquiring an additional 170 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their target price on shares of Arch Capital Group from $102.00 to $103.00 and gave the stock a "market perform" rating in a report on Thursday, August 14th. Citigroup began coverage on shares of Arch Capital Group in a research note on Wednesday, August 13th. They issued a "buy" rating and a $113.00 price target for the company. Cowen reissued a "buy" rating on shares of Arch Capital Group in a research note on Monday, August 4th. JMP Securities reaffirmed a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a research note on Wednesday, April 30th. Finally, Cantor Fitzgerald raised shares of Arch Capital Group to a "hold" rating in a research report on Wednesday, August 13th. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Arch Capital Group has an average rating of "Moderate Buy" and a consensus price target of $112.13.

Arch Capital Group Stock Up 1.1%

ACGL stock traded up $1.0150 during trading on Thursday, hitting $93.8550. 520,289 shares of the stock traded hands, compared to its average volume of 1,924,930. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market cap of $35.03 billion, a price-to-earnings ratio of 9.69, a price-to-earnings-growth ratio of 5.62 and a beta of 0.49. The firm's 50 day moving average is $89.37 and its two-hundred day moving average is $91.21. Arch Capital Group Ltd. has a 1 year low of $82.49 and a 1 year high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.30 by $0.28. The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.29 billion. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. During the same quarter last year, the firm posted $2.57 earnings per share. On average, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

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.