Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Purchased by California Public Employees Retirement System

California Public Employees Retirement System lifted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 50.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,038,179 shares of the insurance provider's stock after acquiring an additional 349,416 shares during the quarter. California Public Employees Retirement System owned 0.28% of Arch Capital Group worth $77,106,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in ACGL. Wedge Capital Management L L P NC lifted its holdings in shares of Arch Capital Group by 28.9% during the 4th quarter. Wedge Capital Management L L P NC now owns 205,698 shares of the insurance provider's stock valued at $15,277,000 after buying an additional 46,089 shares during the period. Duality Advisers LP bought a new stake in shares of Arch Capital Group during the 4th quarter valued at about $6,677,000. Handelsbanken Fonder AB increased its position in shares of Arch Capital Group by 24.0% during the 4th quarter. Handelsbanken Fonder AB now owns 87,184 shares of the insurance provider's stock valued at $6,475,000 after purchasing an additional 16,849 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Arch Capital Group by 13.1% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 60,045 shares of the insurance provider's stock worth $4,460,000 after buying an additional 6,946 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its position in Arch Capital Group by 73.0% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 14,198 shares of the insurance provider's stock valued at $1,054,000 after buying an additional 5,991 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock traded down $0.14 during trading on Thursday, reaching $93.05. 1,180,534 shares of the stock traded hands, compared to its average volume of 1,698,569. Arch Capital Group Ltd. has a 52-week low of $69.05 and a 52-week high of $95.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57. The business has a fifty day simple moving average of $90.13 and a two-hundred day simple moving average of $84.28. The company has a market capitalization of $34.91 billion, a price-to-earnings ratio of 8.02, a P/E/G ratio of 1.17 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.67 billion. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. During the same quarter in the previous year, the company posted $2.14 EPS. Sell-side analysts expect that Arch Capital Group Ltd. will post 8.03 EPS for the current year.

Insider Buying and Selling at Arch Capital Group

In other news, insider Nicolas Papadopoulo sold 60,000 shares of the company's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Arch Capital Group news, CFO Francois Morin sold 25,689 shares of the business's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the transaction, the chief financial officer now owns 221,779 shares in the company, valued at $19,399,009.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicolas Papadopoulo sold 60,000 shares of the firm's stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the completion of the sale, the insider now owns 651,931 shares of the company's stock, valued at approximately $57,057,001.12. The disclosure for this sale can be found here. Insiders sold 135,689 shares of company stock worth $11,872,217 over the last 90 days. 4.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ACGL has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Arch Capital Group from $88.00 to $92.00 and gave the company a "neutral" rating in a research report on Monday, April 8th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $98.00 price objective on shares of Arch Capital Group in a research report on Friday, February 16th. Citigroup reduced their target price on shares of Arch Capital Group from $91.00 to $89.00 and set a "neutral" rating for the company in a report on Monday, January 22nd. Wells Fargo & Company increased their price objective on shares of Arch Capital Group from $104.00 to $109.00 and gave the stock an "overweight" rating in a research note on Thursday, April 11th. Finally, UBS Group lowered their target price on shares of Arch Capital Group from $101.00 to $97.00 and set a "buy" rating on the stock in a research note on Wednesday, January 10th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $96.23.

Arch Capital Group Company 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.