Arch Capital Group Ltd. $ACGL Stock Position Decreased by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 77.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,289 shares of the insurance provider’s stock after selling 266,399 shares during the quarter. Retirement Systems of Alabama’s holdings in Arch Capital Group were worth $7,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Geneos Wealth Management Inc. lifted its stake in Arch Capital Group by 157.9% in the first quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock valued at $65,000 after acquiring an additional 412 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Arch Capital Group during the 2nd quarter valued at $253,000. Signaturefd LLC raised its holdings in shares of Arch Capital Group by 18.7% during the 2nd quarter. Signaturefd LLC now owns 3,508 shares of the insurance provider’s stock valued at $319,000 after purchasing an additional 553 shares in the last quarter. HB Wealth Management LLC lifted its stake in shares of Arch Capital Group by 3.6% in the 2nd quarter. HB Wealth Management LLC now owns 12,931 shares of the insurance provider’s stock valued at $1,177,000 after purchasing an additional 450 shares during the last quarter. Finally, Greenleaf Trust boosted its holdings in Arch Capital Group by 4.2% in the second quarter. Greenleaf Trust now owns 3,082 shares of the insurance provider’s stock worth $281,000 after purchasing an additional 125 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL opened at $95.72 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $93.88 and its two-hundred day moving average is $91.11. The company has a market cap of $34.71 billion, a P/E ratio of 8.95, a P/E/G ratio of 1.98 and a beta of 0.45. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $97.60.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.77 earnings per share for the quarter, beating the consensus estimate of $1.76 by $1.01. The company had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.39 billion. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.During the same period in the prior year, the business earned $1.99 earnings per share. On average, equities analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Citigroup restated a “market outperform” rating on shares of Arch Capital Group in a report on Friday, January 16th. JPMorgan Chase & Co. raised their price objective on Arch Capital Group from $111.00 to $117.00 and gave the company a “neutral” rating in a research note on Wednesday, January 7th. Wells Fargo & Company reduced their target price on Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Keefe, Bruyette & Woods increased their price target on Arch Capital Group from $100.00 to $102.00 and gave the company a “market perform” rating in a report on Tuesday, January 6th. Finally, Mizuho set a $95.00 price target on shares of Arch Capital Group and gave the company a “neutral” rating in a research report on Monday, December 15th. Eight analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $107.53.

Insider Buying and Selling at Arch Capital Group

In other news, CFO Francois Morin sold 8,000 shares of the business’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $94.62, for a total transaction of $756,960.00. Following the transaction, the chief financial officer owned 266,681 shares in the company, valued at approximately $25,233,356.22. The trade was a 2.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John M. Pasquesi sold 8,800 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $94.17, for a total transaction of $828,696.00. Following the completion of the sale, the insider owned 289,556 shares of the company’s stock, valued at approximately $27,267,488.52. The trade was a 2.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 220,666 shares of company stock worth $20,728,673 over the last 90 days. Company insiders own 4.20% of the company’s stock.

Arch Capital Group Company Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.