California State Teachers Retirement System Increases Stock Holdings in Arch Capital Group Ltd. $ACGL

California State Teachers Retirement System lifted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 3.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 491,428 shares of the insurance provider's stock after buying an additional 18,095 shares during the quarter. California State Teachers Retirement System owned approximately 0.14% of Arch Capital Group worth $47,698,002 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in Arch Capital Group in the 4th quarter valued at $463,208,000. Dimensional Fund Advisors LP lifted its position in shares of Arch Capital Group by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,173,885 shares of the insurance provider's stock worth $400,643,000 after buying an additional 117,929 shares during the last quarter. Madison Asset Management LLC acquired a new stake in shares of Arch Capital Group in the second quarter valued at $368,808,000. Goldman Sachs Group Inc. grew its holdings in shares of Arch Capital Group by 5.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,949,978 shares of the insurance provider's stock valued at $282,962,000 after acquiring an additional 160,326 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Arch Capital Group by 4.3% in the fourth quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider's stock worth $282,405,000 after acquiring an additional 121,090 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Arch Capital Group Stock Performance

ACGL traded down $0.93 during midday trading on Tuesday, reaching $97.02. The company's stock had a trading volume of 2,504,848 shares, compared to its average volume of 2,185,856. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $107.08. The company has a fifty day simple moving average of $99.76 and a 200 day simple moving average of $96.69. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.23. The stock has a market cap of $33.11 billion, a P/E ratio of 7.59, a PEG ratio of 4.73 and a beta of 0.30.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.09. Arch Capital Group had a net margin of 24.40% and a return on equity of 17.06%. The business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same period last year, the business posted $2.58 EPS. Research analysts expect that Arch Capital Group Ltd. will post 9.44 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Francois Morin sold 11,010 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $99.32, for a total value of $1,093,513.20. Following the completion of the sale, the chief financial officer directly owned 184,826 shares of the company's stock, valued at approximately $18,356,918.32. This represents a 5.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.30% of the company's stock.

Wall Street Analyst Weigh In

ACGL has been the topic of a number of analyst reports. Royal Bank Of Canada reiterated an "outperform" rating and set a $120.00 price objective (up from $115.00) on shares of Arch Capital Group in a research note on Thursday, July 30th. Cantor Fitzgerald raised their price objective on Arch Capital Group from $102.00 to $110.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Arch Capital Group in a report on Thursday, August 13th. Mizuho raised their price target on shares of Arch Capital Group from $101.00 to $104.00 and gave the stock a "neutral" rating in a research note on Thursday, July 9th. Finally, Wells Fargo & Company upped their price objective on Arch Capital Group from $114.00 to $117.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $111.11.

Arch Capital Group Company Profile

Arch Capital Group Ltd. is a Bermuda-based insurance and financial services company that operates through a global network of subsidiaries. Listed on the Nasdaq under the symbol ACGL, the company provides specialty insurance, reinsurance and mortgage insurance products to businesses, institutions and individuals.

Arch's insurance operations offer coverage across property, casualty and specialty lines, including professional liability, marine, aviation, energy, construction, accident and health, and other complex or customized risks.

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