California Public Employees Retirement System Trims Stock Holdings in Arch Capital Group Ltd. $ACGL

California Public Employees Retirement System decreased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 15.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,378,214 shares of the insurance provider’s stock after selling 248,776 shares during the quarter. California Public Employees Retirement System owned about 0.37% of Arch Capital Group worth $125,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. TD Waterhouse Canada Inc. boosted its holdings in shares of Arch Capital Group by 31.4% in the second quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 112 shares during the period. Crescent Grove Advisors LLC lifted its holdings in Arch Capital Group by 3.1% during the 2nd quarter. Crescent Grove Advisors LLC now owns 3,702 shares of the insurance provider’s stock worth $337,000 after purchasing an additional 112 shares in the last quarter. TIAA Trust National Association lifted its holdings in Arch Capital Group by 3.1% during the 2nd quarter. TIAA Trust National Association now owns 3,892 shares of the insurance provider’s stock worth $354,000 after purchasing an additional 116 shares in the last quarter. Park National Corp OH boosted its stake in Arch Capital Group by 4.4% in the 2nd quarter. Park National Corp OH now owns 2,870 shares of the insurance provider’s stock worth $261,000 after purchasing an additional 120 shares during the period. Finally, Ancora Advisors LLC grew its holdings in Arch Capital Group by 3.7% during the 1st quarter. Ancora Advisors LLC now owns 3,360 shares of the insurance provider’s stock valued at $323,000 after buying an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insider Buying and Selling

In related news, CFO Francois Morin sold 8,000 shares of the stock in a transaction on Friday, November 28th. The stock was sold at an average price of $94.62, for a total value of $756,960.00. Following the transaction, the chief financial officer owned 266,681 shares of the company’s stock, valued at $25,233,356.22. This represents a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.10% of the stock is currently owned by corporate insiders.

Arch Capital Group Trading Down 0.7%

Shares of ACGL opened at $91.72 on Monday. Arch Capital Group Ltd. has a 1-year low of $82.44 and a 1-year high of $98.81. The company has a market capitalization of $33.26 billion, a P/E ratio of 8.58, a P/E/G ratio of 2.14 and a beta of 0.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.55 and a quick ratio of 0.55. The firm’s 50 day simple moving average is $90.21 and its 200 day simple moving average is $90.34.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $1.01. The firm had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.39 billion. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. During the same quarter in the prior year, the firm earned $1.99 EPS. Sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ACGL. Barclays set a $99.00 price target on shares of Arch Capital Group and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on shares of Arch Capital Group from $110.00 to $111.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Royal Bank Of Canada set a $108.00 target price on shares of Arch Capital Group and gave the stock an “outperform” rating in a research note on Monday, November 24th. Citigroup reissued a “market outperform” rating on shares of Arch Capital Group in a report on Tuesday, October 28th. Finally, Roth Capital set a $110.00 price target on shares of Arch Capital Group and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $106.85.

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.