Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Bought by South Dakota Investment Council

South Dakota Investment Council grew its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 26.8% during the 4th quarter, Holdings Channel reports. The firm owned 186,714 shares of the insurance provider’s stock after purchasing an additional 39,466 shares during the quarter. South Dakota Investment Council’s holdings in Arch Capital Group were worth $17,243,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ACGL. Farther Finance Advisors LLC raised its holdings in Arch Capital Group by 12.8% in the third quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock valued at $100,000 after buying an additional 101 shares during the period. KG&L Capital Management LLC increased its stake in shares of Arch Capital Group by 1.1% in the third quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock worth $1,214,000 after buying an additional 115 shares during the last quarter. Marks Group Wealth Management Inc increased its stake in shares of Arch Capital Group by 4.2% in the third quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider’s stock worth $323,000 after buying an additional 115 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Arch Capital Group by 1.3% in the third quarter. Harbor Capital Advisors Inc. now owns 8,878 shares of the insurance provider’s stock worth $993,000 after buying an additional 116 shares during the last quarter. Finally, Bensler LLC increased its stake in shares of Arch Capital Group by 0.7% in the third quarter. Bensler LLC now owns 18,921 shares of the insurance provider’s stock worth $2,117,000 after buying an additional 126 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $88.13 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. Arch Capital Group Ltd. has a 52 week low of $84.00 and a 52 week high of $116.47. The stock has a market capitalization of $33.16 billion, a P/E ratio of 7.87, a price-to-earnings-growth ratio of 2.34 and a beta of 0.64. The stock has a fifty day moving average of $91.96 and a 200-day moving average of $100.65.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same period in the previous year, the business earned $2.45 earnings per share. On average, sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ACGL shares. BMO Capital Markets lifted their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 6th. UBS Group lowered their target price on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Barclays reduced their price target on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Wells Fargo & Company reduced their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Finally, Morgan Stanley cut their price target on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Arch Capital Group presently has an average rating of “Moderate Buy” and a consensus price target of $117.19.

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.