Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System cut its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,100 shares of the insurance provider’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Arch Capital Group were worth $2,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. acquired a new position in Arch Capital Group during the second quarter valued at $30,000. Baldwin Brothers LLC MA increased its holdings in Arch Capital Group by 50.7% in the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after buying an additional 104 shares in the last quarter. Rothschild Investment LLC purchased a new position in Arch Capital Group in the second quarter valued at $35,000. LRI Investments LLC purchased a new position in Arch Capital Group in the first quarter valued at $38,000. Finally, Versant Capital Management Inc increased its holdings in Arch Capital Group by 40.3% in the second quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock valued at $46,000 after buying an additional 131 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Stock Performance

ACGL opened at $105.66 on Tuesday. The firm has a market capitalization of $39.73 billion, a PE ratio of 7.43, a PEG ratio of 1.95 and a beta of 0.59. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $116.47. The firm’s 50-day moving average price is $110.80 and its 200 day moving average price is $102.57. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.36. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. Arch Capital Group’s revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.92 EPS. As a group, sell-side analysts expect that Arch Capital Group Ltd. will post 9.06 EPS for the current fiscal year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 221,779 shares in the company, valued at $22,723,476.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on ACGL. Evercore ISI lifted their price objective on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price objective on shares of Arch Capital Group from $108.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Arch Capital Group from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, July 1st. Roth Mkm lifted their price objective on shares of Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, TD Cowen boosted their target price 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. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $119.53.

Arch Capital Group 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.