Arch Capital Group Ltd. $ACGL Shares Sold by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in Arch Capital Group by 7.4%, holding 123,851 shares valued at approximately $11.3 million after selling 9,833 shares.
• Arch Capital Group reported earnings of $2.58 per share for the most recent quarter, surpassing analyst expectations, with revenues of $4.35 billion.
• Despite recent sell-offs, 89.07% of Arch Capital Group's stock is still owned by institutional investors, reflecting significant interest in the company.

Public Employees Retirement System of Ohio lessened its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 7.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 123,851 shares of the insurance provider's stock after selling 9,833 shares during the period. Public Employees Retirement System of Ohio's holdings in Arch Capital Group were worth $11,277,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Two Sigma Advisers LP purchased a new position in shares of Arch Capital Group in the 4th quarter valued at approximately $757,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Arch Capital Group by 976.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 74,741 shares of the insurance provider's stock worth $6,902,000 after purchasing an additional 67,795 shares during the period. 111 Capital purchased a new position in Arch Capital Group in the 4th quarter valued at $255,000. First Hawaiian Bank grew its position in Arch Capital Group by 40.6% in the 1st quarter. First Hawaiian Bank now owns 15,853 shares of the insurance provider's stock valued at $1,525,000 after buying an additional 4,580 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Arch Capital Group by 10,817.9% in the 1st quarter. GAMMA Investing LLC now owns 806,181 shares of the insurance provider's stock valued at $775,380,000 after buying an additional 798,797 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Trading Up 1.5%

Shares of Arch Capital Group stock opened at $90.88 on Friday. The company has a 50-day moving average of $89.84 and a two-hundred day moving average of $91.20. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16. The stock has a market cap of $33.92 billion, a PE ratio of 9.38, a price-to-earnings-growth ratio of 5.48 and a beta of 0.51.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $2.30 by $0.28. The business had revenue of $4.35 billion for the quarter, compared to analysts' expectations of $4.29 billion. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%.During the same quarter in the prior year, the firm posted $2.57 EPS. On average, research analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $94.15, for a total transaction of $941,500.00. Following the completion of the sale, the insider directly owned 433,589 shares in the company, valued at $40,822,404.35. The trade was a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.20% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Jefferies Financial Group cut shares of Arch Capital Group from a "buy" rating to a "hold" rating and reduced their target price for the stock from $106.00 to $100.00 in a research note on Tuesday, June 10th. UBS Group restated a "buy" rating and issued a $118.00 price objective (down previously from $124.00) on shares of Arch Capital Group in a research report on Monday, August 4th. Citigroup began coverage on Arch Capital Group in a report on Wednesday, August 13th. They issued a "buy" rating and a $113.00 price objective on the stock. Cowen reissued a "buy" rating on shares of Arch Capital Group in a research note on Monday, August 4th. Finally, Wolfe Research assumed coverage on Arch Capital Group in a research note on Monday, September 15th. They issued a "peer perform" rating on the stock. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Arch Capital Group currently has an average rating of "Moderate Buy" and a consensus price target of $109.36.

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.

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