Public Employees Retirement System of Ohio Takes $11.91 Million Position in Arch Capital Group Ltd. $ACGL

Public Employees Retirement System of Ohio purchased a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 122,747 shares of the insurance provider’s stock, valued at approximately $11,914,000.

Several other institutional investors and hedge funds have also bought and sold shares of ACGL. Legal & General Group Plc increased its position in shares of Arch Capital Group by 4.3% in the fourth quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider’s stock valued at $282,405,000 after acquiring an additional 121,090 shares during the period. National Pension Service grew its stake in shares of Arch Capital Group by 8.5% in the fourth quarter. National Pension Service now owns 683,272 shares of the insurance provider’s stock worth $65,539,000 after purchasing an additional 53,661 shares during the last quarter. Oxbow Advisors LLC grew its stake in shares of Arch Capital Group by 83.7% in the fourth quarter. Oxbow Advisors LLC now owns 84,290 shares of the insurance provider’s stock worth $8,085,000 after purchasing an additional 38,402 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Arch Capital Group by 295.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 50,073 shares of the insurance provider’s stock valued at $4,860,000 after purchasing an additional 37,416 shares during the period. Finally, Schwartz Investment Counsel Inc. purchased a new position in Arch Capital Group during the 4th quarter valued at about $9,592,000. 89.07% of the stock is currently owned by institutional investors.

Insider Activity at Arch Capital Group

In related news, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total value of $58,980.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Francois Morin sold 11,010 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $99.32, for a total value of $1,093,513.20. Following the completion of the transaction, the chief financial officer owned 184,826 shares of the company’s stock, valued at approximately $18,356,918.32. This trade represents a 5.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on ACGL shares. Citigroup reaffirmed a “market outperform” rating on shares of Arch Capital Group in a research report on Wednesday, July 29th. Atlantic Securities set a $126.00 target price on Arch Capital Group in a research note on Wednesday, July 15th. Mizuho upped their target price on Arch Capital Group from $101.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. UBS Group reaffirmed a “buy” rating and issued a $120.00 price target (up from $114.00) on shares of Arch Capital Group in a research note on Wednesday, July 8th. Finally, Morgan Stanley lifted their price target on shares of Arch Capital Group from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $111.11.

Arch Capital Group Stock Performance

Shares of ACGL opened at $98.84 on Monday. The company has a 50-day simple moving average of $99.75 and a two-hundred day simple moving average of $96.77. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $33.73 billion, a PE ratio of 7.73, a price-to-earnings-growth ratio of 4.87 and a beta of 0.31. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $107.08.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.09. Arch Capital Group had a return on equity of 17.06% and a net margin of 24.40%.The firm had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the prior year, the business earned $2.58 EPS. On average, analysts anticipate that Arch Capital Group Ltd. will post 9.44 EPS for the current fiscal year.

Arch Capital Group Company Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.