Illinois Municipal Retirement Fund Raises Position in Arch Capital Group Ltd. $ACGL

Illinois Municipal Retirement Fund boosted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 7.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 154,962 shares of the insurance provider’s stock after purchasing an additional 10,117 shares during the period. Illinois Municipal Retirement Fund’s holdings in Arch Capital Group were worth $14,060,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. TD Waterhouse Canada Inc. increased its holdings in shares of Arch Capital Group by 31.4% in the second quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock worth $43,000 after buying an additional 112 shares during the period. Crescent Grove Advisors LLC grew its position in Arch Capital Group by 3.1% during the 2nd quarter. Crescent Grove Advisors LLC now owns 3,702 shares of the insurance provider’s stock worth $337,000 after acquiring an additional 112 shares during the last quarter. TIAA Trust National Association increased its stake in Arch Capital Group by 3.1% in the 2nd quarter. TIAA Trust National Association now owns 3,892 shares of the insurance provider’s stock worth $354,000 after purchasing an additional 116 shares during the period. J.W. Cole Advisors Inc. lifted its position in Arch Capital Group by 4.4% in the second quarter. J.W. Cole Advisors Inc. now owns 3,025 shares of the insurance provider’s stock valued at $275,000 after purchasing an additional 127 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its position in Arch Capital Group by 5.1% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 2,828 shares of the insurance provider’s stock valued at $257,000 after purchasing an additional 136 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Trading Up 1.3%

NASDAQ:ACGL opened at $99.85 on Friday. The company has a 50-day moving average price of $95.00 and a 200-day moving average price of $91.80. The stock has a market cap of $36.21 billion, a price-to-earnings ratio of 8.59, a P/E/G ratio of 3.95 and a beta of 0.42. The company has a current ratio of 0.53, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.64. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. The company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the prior year, the firm earned $2.26 earnings per share. Equities analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analyst Weigh In

ACGL has been the topic of several recent analyst reports. Morgan Stanley set a $125.00 target price on shares of Arch Capital Group in a report on Friday, January 16th. Mizuho raised their price target on shares of Arch Capital Group from $95.00 to $102.00 and gave the stock a “neutral” rating in a report on Thursday. Barclays set a $104.00 price objective on shares of Arch Capital Group and gave the company an “equal weight” rating in a research report on Thursday, January 8th. Citigroup reiterated a “market outperform” rating on shares of Arch Capital Group in a report on Friday, January 16th. Finally, The Goldman Sachs Group restated a “sell” rating and set a $93.00 price target (up previously from $84.00) on shares of Arch Capital Group in a report on Wednesday, January 7th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $108.67.

Insider Activity at Arch Capital Group

In related news, CFO Francois Morin sold 8,000 shares of the company’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $94.62, for a total value of $756,960.00. Following the sale, the chief financial officer directly owned 266,681 shares of the company’s stock, valued at $25,233,356.22. This represents a 2.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John M. Pasquesi sold 203,866 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $93.90, for a total value of $19,143,017.40. Following the completion of the transaction, the insider owned 351,356 shares of the company’s stock, valued at approximately $32,992,328.40. This trade represents a 36.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 220,666 shares of company stock valued at $20,728,673 in the last three months. Corporate insiders own 4.20% of the company’s stock.

Arch Capital Group Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.