Kentucky Retirement Systems Sells 2,089 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Kentucky Retirement Systems lessened its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 7.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,092 shares of the insurance provider’s stock after selling 2,089 shares during the period. Kentucky Retirement Systems’ holdings in Arch Capital Group were worth $2,919,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ACGL. UMB Bank n.a. bought a new position in Arch Capital Group during the 2nd quarter valued at about $30,000. Baldwin Brothers LLC MA grew its stake in Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 104 shares in the last quarter. Rothschild Investment LLC bought a new position in Arch Capital Group in the second quarter worth approximately $35,000. LRI Investments LLC bought a new stake in Arch Capital Group during the 1st quarter valued at $40,000. Finally, Compagnie Lombard Odier SCmA bought a new position in shares of Arch Capital Group during the 3rd quarter worth $46,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Up 1.8 %

NASDAQ ACGL opened at $101.83 on Monday. The company has a fifty day moving average of $108.03 and a 200 day moving average of $103.36. The company has a market capitalization of $38.31 billion, a PE ratio of 6.83, a P/E/G ratio of 1.47 and a beta of 0.61. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. Arch Capital Group Ltd. has a 1 year low of $72.85 and a 1 year high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.05. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same quarter in the prior year, the business earned $2.31 earnings per share. Research analysts forecast that Arch Capital Group Ltd. will post 9.01 earnings per share for the current year.

Arch Capital Group Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be given a dividend of $5.00 per share. The ex-dividend date of this dividend is Monday, November 18th.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ACGL. Keefe, Bruyette & Woods boosted their price objective on shares of Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Wells Fargo & Company cut their target price on Arch Capital Group from $126.00 to $118.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. JMP Securities increased their price target on shares of Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 15th. Finally, Citigroup lifted their price objective on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.94.

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.