Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Position Raised by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 18.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,672 shares of the insurance provider's stock after acquiring an additional 19,229 shares during the period. Illinois Municipal Retirement Fund's holdings in Arch Capital Group were worth $9,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Northern Trust Corp raised its holdings in Arch Capital Group by 9.2% during the 3rd quarter. Northern Trust Corp now owns 4,652,983 shares of the insurance provider's stock valued at $370,889,000 after buying an additional 390,362 shares during the period. Invesco Ltd. raised its holdings in Arch Capital Group by 16.3% during the 3rd quarter. Invesco Ltd. now owns 3,385,665 shares of the insurance provider's stock valued at $269,871,000 after buying an additional 475,464 shares during the period. Royal Bank of Canada raised its holdings in Arch Capital Group by 3.4% during the 3rd quarter. Royal Bank of Canada now owns 3,151,688 shares of the insurance provider's stock valued at $251,222,000 after buying an additional 104,299 shares during the period. Envestnet Asset Management Inc. raised its holdings in Arch Capital Group by 112.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,620,807 shares of the insurance provider's stock valued at $208,905,000 after buying an additional 1,387,072 shares during the period. Finally, Barclays PLC raised its holdings in Arch Capital Group by 18.8% during the 3rd quarter. Barclays PLC now owns 2,240,381 shares of the insurance provider's stock valued at $178,581,000 after buying an additional 354,482 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Stock Down 0.6 %

Shares of ACGL traded down $0.59 during midday trading on Wednesday, reaching $93.19. 1,257,644 shares of the stock were exchanged, compared to its average volume of 1,705,130. Arch Capital Group Ltd. has a 52 week low of $69.05 and a 52 week high of $95.01. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17. The company's 50 day moving average is $90.13 and its two-hundred day moving average is $84.28. The company has a market capitalization of $34.96 billion, a P/E ratio of 8.02, a PEG ratio of 1.17 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.55. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the prior year, the company earned $2.14 EPS. On average, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.03 earnings per share for the current year.

Insider Transactions at Arch Capital Group

In related news, CFO Francois Morin sold 25,689 shares of the firm's stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the sale, the chief financial officer now owns 221,779 shares of the company's stock, valued at $19,399,009.13. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Francois Morin sold 25,689 shares of the firm's stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the sale, the chief financial officer now owns 221,779 shares of the company's stock, valued at $19,399,009.13. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nicolas Papadopoulo sold 60,000 shares of the firm's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.52, for a total value of $5,251,200.00. Following the sale, the insider now directly owns 651,931 shares in the company, valued at approximately $57,057,001.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,689 shares of company stock valued at $11,872,217. 4.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on ACGL. Royal Bank of Canada restated an "outperform" rating and set a $98.00 price target on shares of Arch Capital Group in a report on Friday, February 16th. JMP Securities reaffirmed a "market outperform" rating and issued a $100.00 price objective on shares of Arch Capital Group in a research report on Monday, April 15th. TD Cowen started coverage on Arch Capital Group in a research report on Wednesday, January 10th. They issued an "outperform" rating and a $96.00 price objective on the stock. Evercore ISI upped their price objective on Arch Capital Group from $92.00 to $100.00 and gave the company an "in-line" rating in a research report on Thursday, April 11th. Finally, JPMorgan Chase & Co. upped their price objective on Arch Capital Group from $88.00 to $92.00 and gave the company a "neutral" rating in a research report on Monday, April 8th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $96.23.

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.