22,600 Shares in Arch Capital Group Ltd. (NASDAQ:ACGL) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in Arch Capital Group Ltd. (NASDAQ:ACGL) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 22,600 shares of the insurance provider’s stock, valued at approximately $1,679,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its holdings in Arch Capital Group by 3.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 23,800 shares of the insurance provider’s stock valued at $1,152,000 after purchasing an additional 799 shares during the last quarter. HighTower Advisors LLC grew its holdings in Arch Capital Group by 27.1% during the first quarter. HighTower Advisors LLC now owns 34,331 shares of the insurance provider’s stock valued at $1,662,000 after purchasing an additional 7,316 shares during the last quarter. Cetera Advisor Networks LLC grew its holdings in Arch Capital Group by 33.0% during the first quarter. Cetera Advisor Networks LLC now owns 6,567 shares of the insurance provider’s stock valued at $318,000 after purchasing an additional 1,631 shares during the last quarter. Private Advisor Group LLC grew its holdings in Arch Capital Group by 12.3% during the first quarter. Private Advisor Group LLC now owns 14,025 shares of the insurance provider’s stock valued at $679,000 after purchasing an additional 1,537 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Arch Capital Group during the first quarter valued at approximately $76,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Up 1.7 %

Shares of ACGL stock opened at $92.93 on Friday. The stock has a market cap of $34.86 billion, a P/E ratio of 8.00, a price-to-earnings-growth ratio of 1.14 and a beta of 0.57. Arch Capital Group Ltd. has a one year low of $69.05 and a one year high of $95.01. The stock has a fifty day moving average price of $89.55 and a 200 day moving average price of $83.98. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, topping the consensus estimate of $1.94 by $0.55. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations 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 period last year, the business earned $2.14 earnings per share. Analysts predict that Arch Capital Group Ltd. will post 8.03 earnings per share for the current year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CEO Maamoun Rajeh sold 50,000 shares of Arch Capital Group stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the completion of the transaction, the chief executive officer now directly owns 336,170 shares of the company’s stock, valued at $29,408,151.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Arch Capital Group news, CEO Maamoun Rajeh sold 50,000 shares of Arch Capital Group stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the completion of the transaction, the chief executive officer now directly owns 336,170 shares of the company’s stock, valued at $29,408,151.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nicolas Papadopoulo sold 60,000 shares of Arch Capital Group stock in a transaction on 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 transaction, the insider now directly owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,689 shares of company stock valued at $11,872,217. 4.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on ACGL shares. StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a report on Monday, March 11th. TD Cowen began coverage on shares of Arch Capital Group in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $96.00 price objective on the stock. Wells Fargo & Company raised 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. JMP Securities restated a “market outperform” rating and issued a $100.00 price objective on shares of Arch Capital Group in a research note on Monday, April 15th. Finally, UBS Group lowered their price objective 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 equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Arch Capital Group currently has a consensus rating of “Moderate Buy” and an average 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.