New Mexico Educational Retirement Board Sells 400 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

New Mexico Educational Retirement Board reduced its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,900 shares of the insurance provider’s stock after selling 400 shares during the period. New Mexico Educational Retirement Board’s holdings in Arch Capital Group were worth $1,653,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Arch Capital Group by 3.5% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider’s stock valued at $18,203,000 after purchasing an additional 6,663 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in Arch Capital Group by 5.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider’s stock worth $12,444,000 after acquiring an additional 5,614 shares during the period. PNC Financial Services Group Inc. raised its position in Arch Capital Group by 10.0% in the third quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider’s stock worth $8,024,000 after acquiring an additional 6,521 shares during the period. Metis Global Partners LLC raised its position in Arch Capital Group by 26.6% in the third quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider’s stock worth $2,849,000 after acquiring an additional 5,345 shares during the period. Finally, Banque Cantonale Vaudoise raised its position in Arch Capital Group by 172.2% in the third quarter. Banque Cantonale Vaudoise now owns 55,423 shares of the insurance provider’s stock worth $6,201,000 after acquiring an additional 35,060 shares during the period. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $88.20 on Monday. The company has a 50 day moving average of $92.53 and a 200 day moving average of $100.98. The stock has a market cap of $33.18 billion, a P/E ratio of 5.92, a P/E/G ratio of 1.53 and a beta of 0.64. Arch Capital Group Ltd. has a 12 month low of $83.97 and a 12 month high of $116.47. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17.

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 the consensus estimate of $1.90 by $0.36. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same quarter in the previous year, the company earned $2.45 earnings per share. As a group, sell-side analysts forecast that Arch Capital Group Ltd. will post 8.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ACGL has been the topic of several research reports. Bank of America lowered their price objective on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Morgan Stanley lowered their price objective on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday. JMP Securities reaffirmed a “market outperform” rating and issued a $125.00 price objective on shares of Arch Capital Group in a research report on Tuesday, February 11th. Keefe, Bruyette & Woods reduced their target price on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Arch Capital Group presently has a consensus rating of “Moderate Buy” and an average price target of $116.53.

Arch Capital Group 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.