California Public Employees Retirement System Grows Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

California Public Employees Retirement System lifted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 50.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,038,179 shares of the insurance provider’s stock after purchasing an additional 349,416 shares during the quarter. California Public Employees Retirement System owned about 0.28% of Arch Capital Group worth $77,106,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of ACGL. Harbor Capital Advisors Inc. lifted its stake in Arch Capital Group by 2.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 5,448 shares of the insurance provider’s stock worth $405,000 after acquiring an additional 144 shares in the last quarter. Signaturefd LLC lifted its stake in Arch Capital Group by 6.8% during the 3rd quarter. Signaturefd LLC now owns 2,292 shares of the insurance provider’s stock worth $183,000 after acquiring an additional 146 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in Arch Capital Group by 15.2% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,107 shares of the insurance provider’s stock worth $88,000 after acquiring an additional 146 shares in the last quarter. Legacy Wealth Asset Management LLC lifted its stake in Arch Capital Group by 2.2% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 6,985 shares of the insurance provider’s stock worth $519,000 after acquiring an additional 149 shares in the last quarter. Finally, Steph & Co. lifted its stake in Arch Capital Group by 4.5% during the 3rd quarter. Steph & Co. now owns 4,247 shares of the insurance provider’s stock worth $339,000 after acquiring an additional 181 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Francois Morin sold 25,689 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the transaction, the chief financial officer now owns 221,779 shares in the company, valued at approximately $19,399,009.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the transaction, the insider now owns 651,931 shares in the company, valued at approximately $57,057,001.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Francois Morin sold 25,689 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total value of $2,247,016.83. Following the transaction, the chief financial officer now owns 221,779 shares in the company, valued at approximately $19,399,009.13. The disclosure for this sale can be found here. Insiders have sold 135,689 shares of company stock worth $11,872,217 in the last quarter. 4.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ACGL. Wells Fargo & Company increased their target price on Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Royal Bank of Canada reissued an “outperform” rating and set a $98.00 target price on shares of Arch Capital Group in a research note on Friday, February 16th. JPMorgan Chase & Co. increased their price target on Arch Capital Group from $88.00 to $92.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. UBS Group reduced their price target on Arch Capital Group from $101.00 to $97.00 and set a “buy” rating on the stock in a research report on Wednesday, January 10th. Finally, Citigroup reduced their price target on Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating on the stock in a research report on Monday, January 22nd. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $96.23.

Arch Capital Group Trading Down 0.6 %

ACGL opened at $93.19 on Thursday. Arch Capital Group Ltd. has a one year low of $69.05 and a one year high of $95.01. The company has a market cap of $34.96 billion, a P/E ratio of 8.02, a PEG ratio of 1.17 and a beta of 0.57. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.57. The business’s 50-day simple moving average is $90.13 and its 200-day simple moving average is $84.28.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.55. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.67 billion. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. During the same quarter in the prior year, the business posted $2.14 EPS. As a group, equities research analysts expect that Arch Capital Group Ltd. will post 8.03 EPS for the current fiscal year.

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.