National Pension Service Takes $64.27 Million Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

National Pension Service acquired a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 574,466 shares of the insurance provider’s stock, valued at approximately $64,271,000. National Pension Service owned approximately 0.15% of Arch Capital Group at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. acquired a new position in Arch Capital Group in the 2nd quarter worth about $30,000. Baldwin Brothers LLC MA raised its holdings in Arch Capital Group by 50.7% in the 2nd 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 during the last quarter. Rothschild Investment LLC acquired a new stake in Arch Capital Group during the 2nd quarter worth approximately $35,000. LRI Investments LLC bought a new stake in Arch Capital Group during the 1st quarter worth approximately $38,000. Finally, Versant Capital Management Inc increased its position in Arch Capital Group by 40.3% in the 2nd quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock valued at $46,000 after acquiring an additional 131 shares during the period. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Up 1.6 %

ACGL opened at $96.50 on Wednesday. The firm has a market capitalization of $36.29 billion, a PE ratio of 6.48, a P/E/G ratio of 1.38 and a beta of 0.61. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.60. Arch Capital Group Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $116.47. The company’s 50-day moving average is $110.14 and its 200 day moving average is $102.90.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.05. The company had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same quarter in the previous year, the firm earned $2.31 earnings per share. As a group, research analysts predict that Arch Capital Group Ltd. will post 9.09 earnings per share for the current fiscal year.

Insider Activity

In related 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 transaction of $1,174,191.60. Following the transaction, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $22,723,476.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Royal Bank of Canada cut their price target on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. JMP Securities upped their price target on Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 15th. Barclays began coverage on Arch Capital Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 price objective for the company. Bank of America lifted their price objective on Arch Capital Group from $119.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, Roth Mkm increased their target price on shares of Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $119.87.

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.