Arch Capital Group Ltd. (NASDAQ:ACGL) Stake Cut by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado decreased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,390 shares of the insurance provider’s stock after selling 14 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Arch Capital Group were worth $2,369,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ACGL. Capital One National Association increased its stake in shares of Arch Capital Group by 0.3% in the second quarter. Capital One National Association now owns 2,263 shares of the insurance provider’s stock valued at $211,000 after buying an additional 7 shares in the last quarter. Creative Planning boosted its stake in Arch Capital Group by 0.6% in the first quarter. Creative Planning now owns 3,404 shares of the insurance provider’s stock worth $323,000 after buying an additional 19 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in Arch Capital Group by 0.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,618 shares of the insurance provider’s stock worth $248,000 after buying an additional 22 shares during the period. Gateway Investment Advisers LLC boosted its stake in Arch Capital Group by 0.9% in the second quarter. Gateway Investment Advisers LLC now owns 2,855 shares of the insurance provider’s stock worth $266,000 after buying an additional 26 shares during the period. Finally, Arthur M. Cohen & Associates LLC boosted its stake in Arch Capital Group by 0.3% in the first quarter. Arthur M. Cohen & Associates LLC now owns 11,875 shares of the insurance provider’s stock worth $1,125,000 after buying an additional 31 shares during the period. 72.95% of the stock is currently owned by institutional investors.

Arch Capital Group Ltd. (NASDAQ:ACGL) traded down 0.22% during midday trading on Friday, reaching $96.17. The company had a trading volume of 340,370 shares. The stock has a market capitalization of $12.93 billion, a PE ratio of 17.49 and a beta of 0.67. Arch Capital Group Ltd. has a 1-year low of $76.47 and a 1-year high of $99.47. The firm’s 50 day moving average is $96.64 and its 200 day moving average is $95.07.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $1.21 EPS for the quarter, beating the consensus estimate of $1.20 by $0.01. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.28 billion. Arch Capital Group had a net margin of 15.65% and a return on equity of 8.76%. The company’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.13 earnings per share. On average, equities analysts anticipate that Arch Capital Group Ltd. will post $5.35 EPS for the current fiscal year.

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A number of equities research analysts have recently commented on ACGL shares. Wells Fargo & Company restated a “hold” rating on shares of Arch Capital Group in a research report on Wednesday, April 26th. Morgan Stanley raised their target price on Arch Capital Group from $90.00 to $96.00 and gave the company an “equal weight” rating in a research report on Friday, April 28th. BidaskClub cut Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Zacks Investment Research cut Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $95.00 target price on shares of Arch Capital Group in a research report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Arch Capital Group presently has a consensus rating of “Hold” and a consensus price target of $93.10.

In related news, CEO Constantine Iordanou sold 37,168 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $95.52, for a total transaction of $3,550,287.36. Following the sale, the chief executive officer now owns 178,072 shares in the company, valued at $17,009,437.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP W Preston Hutchings sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $96.81, for a total transaction of $1,210,125.00. Following the sale, the senior vice president now owns 39,411 shares in the company, valued at approximately $3,815,378.91. The disclosure for this sale can be found here. Insiders sold 183,756 shares of company stock worth $17,654,918 over the last quarter. Company insiders own 6.60% of the company’s stock.

Arch Capital Group Company Profile

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. 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.

Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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