Public Employees Retirement System of Ohio Sells 4,808 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Public Employees Retirement System of Ohio reduced its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 150,158 shares of the insurance provider's stock after selling 4,808 shares during the period. Public Employees Retirement System of Ohio's holdings in Arch Capital Group were worth $13,867,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ACGL. Norges Bank bought a new position in Arch Capital Group during the fourth quarter worth $437,291,000. Madison Investment Advisors LLC bought a new position in shares of Arch Capital Group during the 4th quarter worth about $410,010,000. First Trust Advisors LP increased its holdings in shares of Arch Capital Group by 663.3% during the 4th quarter. First Trust Advisors LP now owns 2,462,382 shares of the insurance provider's stock worth $227,401,000 after purchasing an additional 2,139,782 shares during the period. Marshall Wace LLP bought a new position in shares of Arch Capital Group during the 4th quarter worth about $151,342,000. Finally, Swedbank AB increased its holdings in shares of Arch Capital Group by 268.8% during the 4th quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider's stock worth $116,542,000 after purchasing an additional 919,793 shares during the period. 89.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 12,630 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $94.58, for a total value of $1,194,545.40. Following the transaction, the chief financial officer now directly owns 274,681 shares of the company's stock, valued at approximately $25,979,328.98. This trade represents a 4.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $92.48, for a total transaction of $706,177.28. Following the completion of the transaction, the chief executive officer now directly owns 795,718 shares in the company, valued at approximately $73,588,000.64. The trade was a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 123,576 shares of company stock worth $11,586,638. Insiders own 4.20% of the company's stock.

Arch Capital Group Price Performance

Arch Capital Group stock traded down $1.64 during trading hours on Wednesday, hitting $92.98. 1,640,491 shares of the stock were exchanged, compared to its average volume of 1,724,649. The stock has a market capitalization of $34.84 billion, a P/E ratio of 8.30, a P/E/G ratio of 2.31 and a beta of 0.57. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47. The business's 50-day moving average is $92.60 and its two-hundred day moving average is $93.24. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.05). The company had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.75 billion. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. Arch Capital Group's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the company earned $2.45 earnings per share. Equities research analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. JMP Securities restated a "market outperform" rating and set a $125.00 price target on shares of Arch Capital Group in a research note on Wednesday, April 30th. UBS Group lowered their price objective on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Royal Bank of Canada lowered their price objective on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Barclays lowered their price target on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Arch Capital Group from $104.00 to $113.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Arch Capital Group presently has an average rating of "Moderate Buy" and a consensus target price of $115.00.

About Arch Capital Group

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.