Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System increased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 50.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor 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’s holdings in Arch Capital Group were worth $77,106,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Northern Trust Corp grew its stake in shares of Arch Capital Group by 9.2% in the third quarter. Northern Trust Corp now owns 4,652,983 shares of the insurance provider’s stock valued at $370,889,000 after buying an additional 390,362 shares in the last quarter. Invesco Ltd. grew its stake in shares of Arch Capital Group by 16.3% in the third quarter. Invesco Ltd. now owns 3,385,665 shares of the insurance provider’s stock valued at $269,871,000 after buying an additional 475,464 shares in the last quarter. Royal Bank of Canada boosted its holdings in Arch Capital Group by 3.4% in the third quarter. Royal Bank of Canada now owns 3,151,688 shares of the insurance provider’s stock valued at $251,222,000 after purchasing an additional 104,299 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Arch Capital Group by 112.4% in the third quarter. Envestnet Asset Management Inc. now owns 2,620,807 shares of the insurance provider’s stock valued at $208,905,000 after purchasing an additional 1,387,072 shares during the last quarter. Finally, Barclays PLC boosted its holdings in Arch Capital Group by 18.8% in the third quarter. Barclays PLC now owns 2,240,381 shares of the insurance provider’s stock valued at $178,581,000 after purchasing an additional 354,482 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Transactions at Arch Capital Group

In other news, CFO Francois Morin sold 25,689 shares of the 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 sale, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $19,399,009.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Nicolas Papadopoulo sold 60,000 shares of the 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 sale, the insider now directly owns 651,931 shares in the company, valued at approximately $57,057,001.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Francois Morin sold 25,689 shares of the 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 sale, the chief financial officer now owns 221,779 shares in the company, valued at $19,399,009.13. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,689 shares of company stock worth $11,872,217. 4.20% of the stock is currently owned by company insiders.

Arch Capital Group Trading Down 0.6 %

NASDAQ:ACGL opened at $93.19 on Thursday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $90.13 and its two-hundred day moving average is $84.28. Arch Capital Group Ltd. has a 52 week low of $69.05 and a 52 week high of $95.01. The company has a market cap of $34.96 billion, a PE ratio of 8.02, a P/E/G ratio of 1.17 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.55. The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations 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 period in the prior year, the firm earned $2.14 EPS. On average, analysts predict that Arch Capital Group Ltd. will post 8.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ACGL. StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a report on Monday, March 11th. 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 report on Monday, April 8th. Evercore ISI increased their price target on Arch Capital Group from $92.00 to $100.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. UBS Group reduced their price target on Arch Capital Group from $101.00 to $97.00 and set a “buy” rating for the company in a report on Wednesday, January 10th. Finally, Morgan Stanley increased their price target on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.23.

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.