Arch Capital Group Ltd. (NASDAQ:ACGL) Declares Special Dividend of $5.00

Arch Capital Group Ltd. (NASDAQ:ACGL) declared a special dividend on Thursday, November 7th,RTT News reports. Stockholders of record on Monday, November 18th will be given a dividend of 5.00 per share by the insurance provider on Wednesday, December 4th.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $101.85 on Friday. The firm has a market cap of $38.30 billion, a price-to-earnings ratio of 6.84, a P/E/G ratio of 1.47 and a beta of 0.61. Arch Capital Group has a 1 year low of $72.85 and a 1 year high of $116.47. The company has a current ratio of 0.58, a quick ratio of 0.60 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $109.19 and a 200 day simple moving average of $102.95.

Arch Capital Group (NASDAQ:ACGL) last announced 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. The business had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same period in the previous year, the company earned $2.31 EPS. As a group, sell-side analysts predict that Arch Capital Group will post 9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Francois Morin sold 11,460 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $102.46, for a total value of $1,174,191.60. Following the sale, the chief financial officer now owns 221,779 shares in the company, valued at approximately $22,723,476.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ACGL shares. Barclays initiated coverage on shares of Arch Capital Group in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 target price on the stock. Evercore ISI lifted their price objective on Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. Royal Bank of Canada decreased their target price on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Wells Fargo & Company reduced their price objective on Arch Capital Group from $126.00 to $118.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Finally, TD Cowen raised their price objective on shares of Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $118.88.

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.