Public Employees Retirement Association of Colorado increased its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 28,781 shares of the company’s stock after buying an additional 16 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Arch Capital Group were worth $2,281,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Emerald Acquisition Ltd. bought a new position in shares of Arch Capital Group during the second quarter worth approximately $50,798,000. BlackRock Fund Advisors boosted its position in shares of Arch Capital Group by 9.9% in the second quarter. BlackRock Fund Advisors now owns 3,108,794 shares of the company’s stock worth $223,833,000 after buying an additional 281,260 shares in the last quarter. FMR LLC boosted its position in shares of Arch Capital Group by 16.3% in the second quarter. FMR LLC now owns 1,809,581 shares of the company’s stock worth $130,290,000 after buying an additional 252,979 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Arch Capital Group by 2.5% in the second quarter. Vanguard Group Inc. now owns 8,579,022 shares of the company’s stock worth $617,689,000 after buying an additional 212,635 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Arch Capital Group by 16.3% in the third quarter. Wells Fargo & Company MN now owns 1,010,552 shares of the company’s stock worth $80,097,000 after buying an additional 141,618 shares in the last quarter. Institutional investors own 77.44% of the company’s stock.
Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) traded up 0.65% during mid-day trading on Friday, reaching $82.14. The company had a trading volume of 139,340 shares. The company’s 50-day moving average price is $79.16 and its 200-day moving average price is $75.68. Arch Capital Group Ltd. has a 52-week low of $59.83 and a 52-week high of $85.15. The company has a market capitalization of $9.93 billion, a PE ratio of 15.62 and a beta of 0.52.
Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.11. Arch Capital Group had a net margin of 15.47% and a return on equity of 8.32%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $980.36 million. During the same period in the prior year, the business posted $1.01 earnings per share. Arch Capital Group’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, analysts forecast that Arch Capital Group Ltd. will post $4.41 earnings per share for the current fiscal year.
A number of research analysts have commented on ACGL shares. Zacks Investment Research cut Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 5th. Barclays PLC cut Arch Capital Group from an “overweight” rating to an “equal weight” rating and set a $85.00 price objective on the stock. in a research note on Thursday, September 15th. MKM Partners boosted their price objective on Arch Capital Group from $85.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, August 30th. Goldman Sachs Group Inc. upgraded Arch Capital Group from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $66.00 to $79.00 in a research note on Wednesday, September 7th. Finally, Royal Bank Of Canada boosted their price objective on Arch Capital Group from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 17th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Arch Capital Group has a consensus rating of “Hold” and a consensus target price of $83.30.
In other Arch Capital Group news, Director Brian S. Posner acquired 6,000 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The stock was purchased at an average cost of $21.88 per share, for a total transaction of $131,280.00. Following the completion of the acquisition, the director now owns 6,000 shares of the company’s stock, valued at approximately $131,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Constantine Iordanou sold 50,000 shares of the company’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $79.50, for a total transaction of $3,975,000.00. Following the completion of the sale, the chief executive officer now owns 243,030 shares of the company’s stock, valued at $19,320,885. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by insiders.
About Arch Capital Group
Arch Capital Group Ltd. writes insurance and reinsurance on worldwide basis. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The Company’s insurance, reinsurance and mortgage segments are underwriting segments. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other, which includes alternative market risks and excess workers’ compensation.