Teacher Retirement System of Texas Boosts Stock Position in Arch Capital Group Ltd. $ACGL

Key Points

• Teacher Retirement System of Texas boosted its stake in Arch Capital by 437.3%, acquiring 214,691 additional shares to hold 263,790 shares worth about $25.3 million (roughly 0.07% of the company).
• Arch beat expectations in the latest quarter, reporting $2.98 EPS versus $2.34 expected and $4.93 billion in revenue versus $3.94 billion expected, while Wall Street shows mixed views with a consensus "Hold" and an average target of $108.93.
• Insider selling has been notable—CEO Nicolas Papadopoulo sold 21,930 shares and insiders sold 78,267 shares over the past three months; institutional ownership stands at 89.07% and insiders own 3.30%.

Teacher Retirement System of Texas grew its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 437.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 263,790 shares of the insurance provider's stock after purchasing an additional 214,691 shares during the period. Teacher Retirement System of Texas owned approximately 0.07% of Arch Capital Group worth $25,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. WealthCollab LLC grew its position in shares of Arch Capital Group by 410.3% in the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider's stock valued at $27,000 after purchasing an additional 238 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Arch Capital Group in the third quarter valued at approximately $28,000. Grove Bank & Trust purchased a new stake in shares of Arch Capital Group in the fourth quarter valued at approximately $30,000. Aventura Private Wealth LLC purchased a new stake in shares of Arch Capital Group in the fourth quarter valued at approximately $30,000. Finally, TD Waterhouse Canada Inc. lifted its holdings in Arch Capital Group by 72.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 323 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 136 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Stock Up 1.3%

NASDAQ:ACGL opened at $98.07 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.13. The stock's fifty day moving average is $96.68 and its two-hundred day moving average is $94.11. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $103.39. The stock has a market capitalization of $34.94 billion, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 4.82 and a beta of 0.41.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings results on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, topping analysts' consensus estimates of $2.34 by $0.64. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.The company had revenue of $4.93 billion for the quarter, compared to analysts' expectations of $3.94 billion. During the same period in the prior year, the firm earned $2.26 earnings per share. Research analysts anticipate that Arch Capital Group Ltd. will post 9.34 EPS for the current year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 21,930 shares of the company's stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $96.31, for a total transaction of $2,112,078.30. Following the transaction, the chief executive officer directly owned 871,594 shares in the company, valued at $83,943,218.14. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Gansberg sold 5,907 shares of the company's stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total value of $569,257.59. Following the transaction, the insider owned 336,559 shares in the company, valued at $32,434,190.83. This trade represents a 1.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 78,267 shares of company stock valued at $7,291,637 over the last three months. 3.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on ACGL. Wells Fargo & Company upped their price objective on Arch Capital Group from $106.00 to $109.00 and gave the company an "overweight" rating in a report on Wednesday, February 11th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $100.00 price objective (up from $97.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Royal Bank Of Canada upped their price objective on Arch Capital Group from $108.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, February 11th. UBS Group reiterated a "buy" rating and issued a $114.00 price objective (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Finally, Weiss Ratings upgraded Arch Capital Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, February 4th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $108.93.

About Arch Capital Group

Arch Capital Group Ltd. NASDAQ: ACGL is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch's product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.

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