Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lowered its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL – Get Rating) by 2.1% in the third quarter, HoldingsChannel.com reports. The fund owned 612,124 shares of the insurance provider’s stock after selling 12,820 shares during the quarter. California State Teachers Retirement System’s holdings in Arch Capital Group were worth $27,876,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ACGL. Power Corp of Canada acquired a new stake in shares of Arch Capital Group during the third quarter worth about $239,000. CENTRAL TRUST Co lifted its stake in Arch Capital Group by 57.3% during the 3rd quarter. CENTRAL TRUST Co now owns 692 shares of the insurance provider’s stock valued at $32,000 after acquiring an additional 252 shares during the period. M&T Bank Corp lifted its stake in Arch Capital Group by 11.2% during the 3rd quarter. M&T Bank Corp now owns 19,385 shares of the insurance provider’s stock valued at $883,000 after acquiring an additional 1,952 shares during the period. Glenmede Trust Co. NA boosted its holdings in shares of Arch Capital Group by 65.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 25,558 shares of the insurance provider’s stock valued at $1,163,000 after acquiring an additional 10,151 shares during the last quarter. Finally, Captrust Financial Advisors increased its stake in shares of Arch Capital Group by 11.2% in the third quarter. Captrust Financial Advisors now owns 9,985 shares of the insurance provider’s stock worth $455,000 after acquiring an additional 1,007 shares during the period. Institutional investors and hedge funds own 88.78% of the company’s stock.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $63.15 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.23. Arch Capital Group Ltd. has a 12-month low of $41.05 and a 12-month high of $72.28. The business’s 50 day moving average is $65.73 and its two-hundred day moving average is $57.96. The company has a market capitalization of $23.44 billion, a P/E ratio of 16.62, a P/E/G ratio of 1.03 and a beta of 0.74.

Arch Capital Group (NASDAQ:ACGL – Get Rating) last announced its earnings results on Tuesday, February 14th. The insurance provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.80. Arch Capital Group had a return on equity of 15.93% and a net margin of 15.34%. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same quarter last year, the firm posted $1.27 EPS. Analysts expect that Arch Capital Group Ltd. will post 6.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ACGL has been the topic of several recent research reports. Wells Fargo & Company upped their price target on shares of Arch Capital Group from $72.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, February 15th. Morgan Stanley upped their target price on Arch Capital Group from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 22nd. BMO Capital Markets initiated coverage on Arch Capital Group in a report on Thursday, January 19th. They set a “market perform” rating and a $65.00 target price on the stock. Barclays boosted their price target on Arch Capital Group from $72.00 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, February 15th. Finally, StockNews.com started coverage on shares of Arch Capital Group in a research note on Thursday. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $70.56.

Insiders Place Their Bets

In other news, insider John M. Pasquesi sold 26,329 shares of the business’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $67.01, for a total transaction of $1,764,306.29. Following the completion of the sale, the insider now owns 756,635 shares of the company’s stock, valued at $50,702,111.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Nicolas Papadopoulo sold 30,000 shares of the stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $70.16, for a total value of $2,104,800.00. Following the completion of the transaction, the insider now directly owns 759,970 shares of the company’s stock, valued at approximately $53,319,495.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John M. Pasquesi sold 26,329 shares of Arch Capital Group stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $67.01, for a total transaction of $1,764,306.29. Following the sale, the insider now directly owns 756,635 shares in the company, valued at approximately $50,702,111.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,143 shares of company stock worth $4,938,291. Company insiders own 4.20% of the company’s stock.

About Arch Capital Group

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Arch Capital Group Ltd. engages in the provision of property and casualty insurance and reinsurance lines. It operates through the following segments: Insurance, Reinsurance, Mortgage, Corporate, and Other. The Insurance segment consists of insurance underwriting units which offer specialty product lines like construction and national accounts, excess and surplus casualty, lenders products, professional lines, and programs.