Louisiana State Employees Retirement System Takes Position in Arch Capital Group Ltd. $ACGL

Louisiana State Employees Retirement System purchased a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 18,200 shares of the insurance provider’s stock, valued at approximately $1,747,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Elyxium Wealth LLC purchased a new position in Arch Capital Group in the 4th quarter valued at approximately $27,000. WealthCollab LLC lifted its position in shares of Arch Capital Group by 410.3% during the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 238 shares in the last quarter. JPL Wealth Management LLC bought a new position in shares of Arch Capital Group in the third quarter worth $28,000. Grove Bank & Trust purchased a new position in shares of Arch Capital Group in the fourth quarter valued at $30,000. Finally, Aventura Private Wealth LLC purchased a new position in shares of Arch Capital Group in the fourth quarter valued at $30,000. 89.07% of the stock is owned by institutional investors.

Insider Transactions at Arch Capital Group

In related news, Director Brian S. Posner sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total value of $58,980.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Daniel Joseph Houston bought 5,300 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were bought at an average price of $94.08 per share, with a total value of $498,624.00. Following the completion of the transaction, the director owned 9,915 shares of the company’s stock, valued at $932,803.20. The trade was a 114.84% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 3.30% of the company’s stock.

Arch Capital Group Trading Down 1.0%

Shares of ACGL stock opened at $97.06 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55. Arch Capital Group Ltd. has a 52-week low of $82.44 and a 52-week high of $103.39. The company has a market capitalization of $33.91 billion, a PE ratio of 7.45, a price-to-earnings-growth ratio of 4.90 and a beta of 0.32. The business’s fifty day moving average is $93.66 and its 200 day moving average is $95.14.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The business had revenue of $4.52 billion during the quarter. On average, equities research analysts anticipate that Arch Capital Group Ltd. will post 9.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ACGL. Mizuho dropped their price objective on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Citigroup lifted their target price on Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a report on Thursday, April 30th. Barclays upped their price target on Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Wells Fargo & Company increased their price target on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Weiss Ratings lowered shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $106.81.

Arch Capital Group 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.