Teacher Retirement System of Texas Acquires 3,656 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Teacher Retirement System of Texas increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.4% during the 4th quarter, HoldingsChannel reports. The firm owned 264,619 shares of the insurance provider’s stock after purchasing an additional 3,656 shares during the period. Teacher Retirement System of Texas’ holdings in Arch Capital Group were worth $24,438,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in Arch Capital Group in the 3rd quarter valued at approximately $25,000. Cullen Frost Bankers Inc. bought a new stake in Arch Capital Group in the 4th quarter valued at approximately $37,000. Golden State Wealth Management LLC bought a new stake in Arch Capital Group in the 4th quarter valued at approximately $42,000. Y.D. More Investments Ltd lifted its stake in Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 260 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in Arch Capital Group by 97.0% in the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock valued at $78,000 after acquiring an additional 414 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Down 0.5 %

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

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data 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 period last year, the business posted $2.45 EPS. As a group, research analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the company’s stock in a transaction 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 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 through this hyperlink. Insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on ACGL. Royal Bank of Canada cut 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. Morgan Stanley lowered their price target on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. JPMorgan Chase & Co. lowered their price target on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Barclays lowered their price target on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. 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 equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.