TIAA Trust National Association Buys 400 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

TIAA Trust National Association increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 14.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,238 shares of the insurance provider’s stock after buying an additional 400 shares during the quarter. TIAA Trust National Association’s holdings in Arch Capital Group were worth $299,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its holdings in shares of Arch Capital Group by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider’s stock valued at $2,969,000 after acquiring an additional 110 shares during the period. HBK Sorce Advisory LLC lifted its holdings in Arch Capital Group by 5.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider’s stock valued at $219,000 after purchasing an additional 127 shares during the last quarter. Flagship Harbor Advisors LLC boosted its position in Arch Capital Group by 5.9% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider’s stock valued at $214,000 after buying an additional 129 shares in the last quarter. Avidian Wealth Enterprises LLC grew its stake in Arch Capital Group by 4.5% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider’s stock worth $285,000 after buying an additional 132 shares during the last quarter. Finally, Dynasty Wealth Management LLC increased its holdings in shares of Arch Capital Group by 2.0% during the fourth quarter. Dynasty Wealth Management LLC now owns 7,106 shares of the insurance provider’s stock worth $656,000 after buying an additional 140 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ACGL shares. Barclays decreased their price target on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Keefe, Bruyette & Woods decreased their target price on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. UBS Group cut their price target on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. JPMorgan Chase & Co. decreased their price objective on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $125.00 target price on shares of Arch Capital Group in a research note on Tuesday, February 11th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.19.

Insider Activity

In related news, insider Louis T. Petrillo sold 11,600 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the transaction, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.20% of the stock is currently owned by company insiders.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $95.06 on Friday. The firm has a fifty day moving average of $92.16 and a two-hundred day moving average of $98.27. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The stock has a market capitalization of $35.68 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 2.31 and a beta of 0.62. Arch Capital Group Ltd. has a 52 week low of $87.42 and a 52 week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same period in the prior year, the firm earned $2.45 earnings per share. As a group, equities research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Arch Capital Group Company 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.