Strs Ohio Raises Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Strs Ohio raised its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 961.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 334,283 shares of the insurance provider’s stock after purchasing an additional 302,791 shares during the period. Strs Ohio’s holdings in Arch Capital Group were worth $24,827,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Arch Capital Group in the 4th quarter worth about $27,000. CENTRAL TRUST Co lifted its holdings in Arch Capital Group by 57.3% in the 3rd quarter. CENTRAL TRUST Co now owns 692 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 252 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in Arch Capital Group by 151.0% during the 1st quarter. First Horizon Advisors Inc. now owns 497 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 299 shares during the last quarter. Steward Financial Group LLC grew its holdings in shares of Arch Capital Group by 180.7% during the third quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider’s stock worth $41,000 after buying an additional 338 shares in the last quarter. Finally, CVA Family Office LLC purchased a new stake in shares of Arch Capital Group during the fourth quarter worth $47,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Trading Down 0.2 %

Shares of ACGL stock opened at $89.76 on Tuesday. The stock has a market capitalization of $33.67 billion, a P/E ratio of 7.72, a price-to-earnings-growth ratio of 1.12 and a beta of 0.57. Arch Capital Group Ltd. has a fifty-two week low of $69.05 and a fifty-two week high of $95.01. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.57. The company has a 50 day moving average price of $88.92 and a 200 day moving average price of $83.71.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, topping the consensus estimate of $1.94 by $0.55. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.67 billion. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. During the same quarter in the previous year, the firm posted $2.14 earnings per share. Equities research analysts predict that Arch Capital Group Ltd. will post 8.02 EPS for the current fiscal year.

Insider Buying and Selling

In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the sale, the insider now owns 651,931 shares of the company’s stock, valued at approximately $57,057,001.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the completion of the transaction, the insider now owns 651,931 shares in the company, valued at approximately $57,057,001.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Francois Morin sold 25,689 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at $19,399,009.13. The disclosure for this sale can be found here. Insiders sold 135,689 shares of company stock valued at $11,872,217 in the last three months. 4.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Evercore ISI boosted their price target on shares of Arch Capital Group from $92.00 to $100.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. StockNews.com cut shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. Wells Fargo & Company lifted their target price on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. JMP Securities restated a “market outperform” rating and issued a $100.00 price objective on shares of Arch Capital Group in a report on Monday. Finally, JPMorgan Chase & Co. increased their target price on shares of Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Arch Capital Group has a consensus rating of “Moderate Buy” and a consensus price target of $96.23.

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.