Retirement Systems of Alabama Has $33.75 Million Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Retirement Systems of Alabama reduced its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 1.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,871 shares of the insurance provider's stock after selling 3,660 shares during the quarter. Retirement Systems of Alabama owned 0.09% of Arch Capital Group worth $33,747,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its holdings in Arch Capital Group by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider's stock worth $2,969,000 after buying an additional 110 shares during the last quarter. Cim LLC boosted its holdings in Arch Capital Group by 1.1% during the fourth quarter. Cim LLC now owns 11,194 shares of the insurance provider's stock worth $1,034,000 after buying an additional 124 shares during the last quarter. CreativeOne Wealth LLC boosted its holdings in Arch Capital Group by 4.9% during the fourth quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider's stock worth $248,000 after buying an additional 126 shares during the last quarter. HBK Sorce Advisory LLC boosted its holdings in Arch Capital Group by 5.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider's stock worth $219,000 after buying an additional 127 shares during the last quarter. Finally, Aurora Investment Managers LLC. boosted its holdings in Arch Capital Group by 0.6% during the first quarter. Aurora Investment Managers LLC. now owns 22,530 shares of the insurance provider's stock worth $2,167,000 after buying an additional 135 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. JMP Securities reiterated a "market outperform" rating and set a $125.00 price objective on shares of Arch Capital Group in a report on Wednesday, April 30th. Jefferies Financial Group cut Arch Capital Group from a "buy" rating to a "hold" rating and cut their price objective for the company from $106.00 to $100.00 in a report on Tuesday, June 10th. Keefe, Bruyette & Woods lifted their price objective on Arch Capital Group from $104.00 to $113.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. lifted their price objective on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Finally, UBS Group lifted their price objective on Arch Capital Group to $124.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $114.63.

Insiders Place Their Bets

In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 7,636 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $92.48, for a total transaction of $706,177.28. Following the transaction, the chief executive officer now owns 795,718 shares of the company's stock, valued at $73,588,000.64. The trade was a 0.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Francois Morin sold 12,630 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was 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 in the company, valued at $25,979,328.98. This trade represents a 4.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 111,976 shares of company stock valued at $10,531,038 in the last 90 days. 4.20% of the stock is currently owned by insiders.

Arch Capital Group Stock Down 0.1%

Shares of Arch Capital Group stock opened at $90.17 on Friday. The business's 50 day simple moving average is $92.61 and its 200 day simple moving average is $92.41. Arch Capital Group Ltd. has a 52-week low of $82.49 and a 52-week high of $116.47. The firm has a market cap of $33.79 billion, a PE ratio of 9.24, a P/E/G ratio of 6.24 and a beta of 0.53. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly 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 company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.75 billion. Arch Capital Group had a return on equity of 15.79% and a net margin of 20.72%. The firm's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the firm earned $2.45 EPS. On average, analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

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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