Kentucky Retirement Systems Insurance Trust Fund Purchases New Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,490 shares of the insurance provider's stock, valued at approximately $1,009,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TCW Group Inc. raised its position in shares of Arch Capital Group by 0.6% during the 4th quarter. TCW Group Inc. now owns 78,349 shares of the insurance provider's stock valued at $7,236,000 after acquiring an additional 459 shares in the last quarter. Wealthspire Advisors LLC increased its stake in Arch Capital Group by 54.6% during the fourth quarter. Wealthspire Advisors LLC now owns 10,800 shares of the insurance provider's stock valued at $997,000 after purchasing an additional 3,816 shares during the last quarter. Howard Capital Management Inc. acquired a new stake in shares of Arch Capital Group during the fourth quarter worth $206,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Arch Capital Group by 3.1% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 161,150 shares of the insurance provider's stock worth $14,882,000 after buying an additional 4,900 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Arch Capital Group in the 4th quarter worth about $699,000. Institutional investors and hedge funds own 89.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ACGL shares. Morgan Stanley set a $110.00 price objective on shares of Arch Capital Group and gave the stock an "overweight" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. increased their price target on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Barclays reduced their price objective on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company increased their target price on Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, JMP Securities reiterated a "market outperform" rating and issued a $125.00 target price on shares of Arch Capital Group in a research note on Wednesday, April 30th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $114.63.

Insiders Place Their Bets

In other news, insider John M. Pasquesi sold 75,060 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $94.01, for a total value of $7,056,390.60. Following the completion of the sale, the insider now owns 579,218 shares of the company's stock, valued at $54,452,284.18. This trade represents a 11.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Nicolas Papadopoulo sold 7,636 shares of Arch Capital Group stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $92.48, for a total value of $706,177.28. Following the transaction, the chief executive officer now owns 795,718 shares in the company, valued at $73,588,000.64. This represents a 0.95% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 111,976 shares of company stock worth $10,531,038. Corporate insiders own 4.20% of the company's stock.

Arch Capital Group Trading Up 0.0%

NASDAQ ACGL traded up $0.03 on Friday, hitting $90.32. 2,209,515 shares of the company were exchanged, compared to its average volume of 1,700,354. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47. The firm has a market capitalization of $33.85 billion, a P/E ratio of 9.25, a price-to-earnings-growth ratio of 6.17 and a beta of 0.53. The company's 50 day moving average price is $92.43 and its 200-day moving average price is $92.21.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.05). The firm had revenue of $4.52 billion during the quarter, compared to analysts' expectations of $4.75 billion. Arch Capital Group had a return on equity of 15.79% and a net margin of 20.72%. The business's revenue was up 10.5% on a year-over-year basis. During the same period last year, the business earned $2.45 earnings per share. Analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

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.