Illinois Municipal Retirement Fund Trims Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Illinois Municipal Retirement Fund decreased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 33.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,332 shares of the insurance provider's stock after selling 50,063 shares during the period. Illinois Municipal Retirement Fund's holdings in Arch Capital Group were worth $9,173,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ACGL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Arch Capital Group by 245.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider's stock worth $341,652,000 after buying an additional 2,168,897 shares during the period. Swedbank AB increased its position in Arch Capital Group by 268.8% during the fourth quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider's stock worth $116,542,000 after buying an additional 919,793 shares during the period. Principal Financial Group Inc. increased its position in Arch Capital Group by 10.5% during the fourth quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider's stock worth $759,324,000 after buying an additional 783,506 shares during the period. Erste Asset Management GmbH acquired a new position in Arch Capital Group during the third quarter worth approximately $82,748,000. Finally, AustralianSuper Pty Ltd increased its holdings in shares of Arch Capital Group by 736.4% in the fourth quarter. AustralianSuper Pty Ltd now owns 766,365 shares of the insurance provider's stock valued at $70,774,000 after purchasing an additional 674,739 shares during the period. Institutional investors and hedge funds own 89.07% of the company's stock.

Arch Capital Group Price Performance

ACGL traded up $0.83 during trading on Friday, reaching $92.93. 2,575,468 shares of the stock were exchanged, compared to its average volume of 1,939,206. The business's 50 day moving average price is $92.04 and its two-hundred day moving average price is $100.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. The company has a market capitalization of $34.96 billion, a price-to-earnings ratio of 8.30, a P/E/G ratio of 2.31 and a beta of 0.64. Arch Capital Group Ltd. has a 1 year low of $86.41 and a 1 year high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping analysts' consensus estimates of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same quarter in the prior year, the business earned $2.45 EPS. As a group, equities research analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. BMO Capital Markets boosted their target price on Arch Capital Group from $98.00 to $104.00 and gave the company a "market perform" rating in a report on Wednesday, November 6th. Royal Bank of Canada dropped their target price on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their target price on Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating on the stock in a report on Friday, January 3rd. Barclays dropped their target price on Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating on the stock in a report on Monday, January 6th. Finally, UBS Group dropped their target price on Arch Capital Group from $131.00 to $127.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Arch Capital Group currently has an average rating of "Moderate Buy" and a consensus target price of $117.19.

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.