Commonwealth of Pennsylvania Public School Empls Retrmt SYS Reduces Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 79,676 shares of the insurance provider’s stock after selling 1,856 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Arch Capital Group were worth $7,358,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp boosted its holdings in shares of Arch Capital Group by 1.1% in the 3rd quarter. State Street Corp now owns 16,587,446 shares of the insurance provider’s stock worth $1,855,803,000 after purchasing an additional 172,628 shares during the period. Geode Capital Management LLC boosted its holdings in Arch Capital Group by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 10,830,263 shares of the insurance provider’s stock valued at $1,208,307,000 after acquiring an additional 253,648 shares during the period. Principal Financial Group Inc. boosted its holdings in Arch Capital Group by 10.5% during the 4th quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider’s stock valued at $759,324,000 after acquiring an additional 783,506 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Arch Capital Group by 4.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider’s stock valued at $488,992,000 after acquiring an additional 226,617 shares during the period. Finally, Madison Investment Advisors LLC purchased a new position in Arch Capital Group during the 4th quarter valued at $410,010,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Down 0.5 %

Shares of NASDAQ:ACGL opened at $91.98 on Friday. The business’s 50-day moving average is $91.99 and its 200 day moving average is $98.85. Arch Capital Group Ltd. has a 1 year low of $87.42 and a 1 year high of $116.47. The firm has a market capitalization of $34.53 billion, a P/E ratio of 8.21, a P/E/G ratio of 2.31 and a beta of 0.62. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) 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 quarter last year, the company posted $2.45 EPS. On average, research analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ACGL shares. UBS Group dropped their price objective on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. JMP Securities restated a “market outperform” rating and set a $125.00 price objective on shares of Arch Capital Group in a report on Tuesday, February 11th. Morgan Stanley dropped their price objective on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Barclays lowered their target price on 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. Finally, Royal Bank of Canada lowered their target price on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Arch Capital Group has an average rating of “Moderate Buy” and a consensus price target of $117.19.

Insider Activity at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the transaction, the insider now directly owns 140,023 shares of the company’s stock, valued at $12,742,093. This represents a 7.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 4.20% of the stock is currently owned by corporate insiders.

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.