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

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.3% during the 4th quarter, Holdings Channel reports. 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 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its stake in Arch Capital Group by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider’s stock valued at $2,969,000 after purchasing an additional 110 shares during the last quarter. HBK Sorce Advisory LLC boosted its stake in shares of Arch Capital Group by 5.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider’s stock worth $219,000 after buying an additional 127 shares during the last quarter. Flagship Harbor Advisors LLC boosted its stake in shares of Arch Capital Group by 5.9% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider’s stock worth $214,000 after buying an additional 129 shares during the last quarter. Avidian Wealth Enterprises LLC boosted its stake in shares of Arch Capital Group by 4.5% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider’s stock worth $285,000 after buying an additional 132 shares during the last quarter. Finally, Dynasty Wealth Management LLC boosted its stake in shares of Arch Capital Group by 2.0% in the fourth quarter. Dynasty Wealth Management LLC now owns 7,106 shares of the insurance provider’s stock worth $656,000 after buying an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insider Activity at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the sale, the insider now owns 140,023 shares of the company’s stock, valued at approximately $12,742,093. This trade represents a 7.65 % 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. Insiders own 4.20% of the company’s stock.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock opened at $91.98 on Friday. The business has a 50 day simple moving average of $91.99 and a two-hundred day simple moving average of $98.85. Arch Capital Group Ltd. has a 12 month low of $87.42 and a 12 month high of $116.47. The stock has a market capitalization of $34.53 billion, a P/E ratio of 8.21, a PEG 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 EPS for the quarter, beating analysts’ consensus estimates 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 in the previous year, the company earned $2.45 earnings per share. As a group, analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ACGL has been the topic of a number of recent research reports. Royal Bank of Canada lowered their target price on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Wells Fargo & Company lowered their target price on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Morgan Stanley lowered their target price on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. UBS Group lowered their price target on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Finally, Keefe, Bruyette & Woods lowered their price target on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $117.19.

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.