New York State Teachers Retirement System Buys 481 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

New York State Teachers Retirement System lifted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 407,869 shares of the insurance provider’s stock after acquiring an additional 481 shares during the period. New York State Teachers Retirement System owned 0.11% of Arch Capital Group worth $45,632,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in ACGL. UMB Bank n.a. acquired a new stake in shares of Arch Capital Group in the 2nd quarter worth $30,000. Baldwin Brothers LLC MA increased its holdings in shares of Arch Capital Group by 50.7% during the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 104 shares in the last quarter. Rothschild Investment LLC purchased a new position in shares of Arch Capital Group in the 2nd quarter valued at approximately $35,000. LRI Investments LLC acquired a new stake in Arch Capital Group in the 1st quarter worth approximately $38,000. Finally, Versant Capital Management Inc grew its position in Arch Capital Group by 40.3% during the 2nd quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock worth $46,000 after purchasing an additional 131 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Royal Bank of Canada boosted their price target on Arch Capital Group from $108.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Wells Fargo & Company increased their price objective on Arch Capital Group from $110.00 to $126.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. TD Cowen upped their target price on Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Finally, Evercore ISI raised their price target on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $119.53.

Insider Buying and Selling at Arch Capital Group

In related news, CFO Francois Morin sold 11,460 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the completion of the transaction, the chief financial officer now owns 221,779 shares in the company, valued at $22,723,476.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.00% of the company’s stock.

Arch Capital Group Stock Up 0.3 %

Shares of ACGL opened at $105.14 on Thursday. The firm has a market cap of $39.54 billion, a P/E ratio of 7.39, a PEG ratio of 1.95 and a beta of 0.59. Arch Capital Group Ltd. has a 12 month low of $72.85 and a 12 month high of $116.47. The stock’s 50 day moving average is $110.85 and its two-hundred day moving average is $102.69. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.36. The firm had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.92 EPS. Analysts predict that Arch Capital Group Ltd. will post 9.06 earnings per share for the current fiscal year.

About Arch Capital Group

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.