South Dakota Investment Council Has $18.35 Million Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

South Dakota Investment Council increased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 2.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 190,740 shares of the insurance provider's stock after buying an additional 4,026 shares during the period. South Dakota Investment Council owned 0.05% of Arch Capital Group worth $18,345,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Capital A Wealth Management LLC acquired a new position in Arch Capital Group in the fourth quarter worth about $25,000. Bartlett & CO. Wealth Management LLC acquired a new position in Arch Capital Group in the first quarter worth about $27,000. Wayfinding Financial LLC acquired a new position in Arch Capital Group in the first quarter worth about $31,000. Grove Bank & Trust acquired a new position in Arch Capital Group in the first quarter worth about $40,000. Finally, Quarry LP acquired a new position in Arch Capital Group in the fourth quarter worth about $58,000. 89.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ACGL. Morgan Stanley set a $110.00 target price on Arch Capital Group and gave the stock an "overweight" rating in a report on Monday, May 19th. Barclays reduced their target price on 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. JPMorgan Chase & Co. raised their price target on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Wells Fargo & Company reissued an "overweight" rating and issued a $110.00 price target (up previously from $108.00) on shares of Arch Capital Group in a report on Thursday, July 10th. Finally, JMP Securities reissued a "market outperform" rating and issued a $125.00 price target on shares of Arch Capital Group in a report on Wednesday, April 30th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Arch Capital Group presently has an average rating of "Moderate Buy" and a consensus price target of $113.60.

Arch Capital Group Stock Down 0.3%

Shares of NASDAQ:ACGL traded down $0.31 during midday trading on Friday, reaching $88.35. 6,501,656 shares of the company were exchanged, compared to its average volume of 1,788,644. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $91.51 and a two-hundred day simple moving average of $91.90. The firm has a market cap of $33.11 billion, a PE ratio of 9.05, a P/E/G ratio of 6.15 and a beta of 0.51.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.05). Arch Capital Group had a net margin of 20.72% and a return on equity of 15.79%. The business had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.75 billion. During the same quarter in the previous year, the firm posted $2.45 earnings per share. The firm's quarterly revenue was up 10.5% on a year-over-year basis. As a group, sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insider Activity

In other Arch Capital Group news, insider John M. Pasquesi sold 75,060 shares of the business's stock in a transaction dated Monday, May 12th. The shares were 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 owned 579,218 shares of the company's stock, valued at $54,452,284.18. The trade was a 11.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Francois Morin sold 12,630 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the completion of the sale, the chief financial officer directly owned 274,681 shares of the company's stock, valued at $25,979,328.98. This 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 over the last quarter. 4.20% of the stock is currently owned by company insiders.

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.