Oregon Public Employees Retirement Fund Grows Position in Arch Capital Group Ltd. $ACGL

Oregon Public Employees Retirement Fund grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 31.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,477 shares of the insurance provider’s stock after buying an additional 10,210 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Arch Capital Group were worth $3,854,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ACGL. Caitong International Asset Management Co. Ltd grew its stake in Arch Capital Group by 3,450.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 414 shares in the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of Arch Capital Group by 31.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 112 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Arch Capital Group by 157.9% in the first quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock valued at $65,000 after purchasing an additional 412 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Arch Capital Group in the second quarter valued at approximately $73,000. Finally, CYBER HORNET ETFs LLC purchased a new position in Arch Capital Group during the second quarter worth approximately $87,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Trading Down 1.2%

NASDAQ ACGL opened at $95.18 on Monday. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $97.60. The stock has a market capitalization of $34.52 billion, a P/E ratio of 8.90, a PEG ratio of 2.14 and a beta of 0.45. The firm’s 50-day moving average is $93.25 and its two-hundred day moving average is $90.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.55 and a quick ratio of 0.55.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $1.01. The business had revenue of $5.11 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $1.99 EPS. On average, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ACGL. Mizuho set a $95.00 target price on Arch Capital Group and gave the company a “neutral” rating in a report on Monday, December 15th. Citigroup reissued a “market outperform” rating on shares of Arch Capital Group in a report on Tuesday, October 28th. Wolfe Research started coverage on shares of Arch Capital Group in a research report on Monday, September 15th. They set a “peer perform” rating for the company. Wells Fargo & Company reduced their target price on shares of Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Finally, Evercore ISI set a $100.00 price target on shares of Arch Capital Group and gave the company an “in-line” rating in a research note on Wednesday. Eight research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Arch Capital Group presently has an average rating of “Hold” and a consensus target price of $106.60.

Insider Buying and Selling

In related news, insider John M. Pasquesi sold 8,800 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $94.17, for a total value of $828,696.00. Following the sale, the insider owned 289,556 shares in the company, valued at approximately $27,267,488.52. The trade was a 2.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Francois Morin sold 8,000 shares of the stock in a transaction dated 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 directly owned 266,681 shares in the company, valued at approximately $25,233,356.22. The trade was a 2.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 220,666 shares of company stock worth $20,728,673. 4.10% of the stock is owned by corporate insiders.

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.