Arch Capital Group Ltd. (NASDAQ:ACGL) Holdings Raised by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 407,388 shares of the insurance provider's stock after acquiring an additional 8,981 shares during the quarter. New York State Teachers Retirement System owned 0.11% of Arch Capital Group worth $41,101,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Baldwin Brothers LLC MA boosted its position in Arch Capital Group by 50.7% during the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider's stock valued at $31,000 after buying an additional 104 shares during the period. Assenagon Asset Management S.A. boosted its position in Arch Capital Group by 0.4% during the first quarter. Assenagon Asset Management S.A. now owns 33,283 shares of the insurance provider's stock valued at $3,077,000 after buying an additional 117 shares during the period. Sunbelt Securities Inc. boosted its position in Arch Capital Group by 1.8% during the first quarter. Sunbelt Securities Inc. now owns 6,679 shares of the insurance provider's stock valued at $617,000 after buying an additional 117 shares during the period. Resonant Capital Advisors LLC boosted its position in Arch Capital Group by 2.1% during the first quarter. Resonant Capital Advisors LLC now owns 5,802 shares of the insurance provider's stock valued at $536,000 after buying an additional 118 shares during the period. Finally, Petra Financial Advisors Inc. boosted its position in Arch Capital Group by 1.2% during the first quarter. Petra Financial Advisors Inc. now owns 10,574 shares of the insurance provider's stock valued at $977,000 after buying an additional 129 shares during the period. Institutional investors own 89.07% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ACGL shares. StockNews.com lowered shares of Arch Capital Group from a "buy" rating to a "hold" rating in a report on Wednesday, July 31st. Evercore ISI increased their price target on shares of Arch Capital Group from $100.00 to $104.00 and gave the stock an "in-line" rating in a research note on Wednesday, July 31st. JMP Securities raised their target price on shares of Arch Capital Group from $110.00 to $115.00 and gave the company a "market outperform" rating in a research note on Wednesday, July 31st. Roth Mkm raised their price target on shares of Arch Capital Group from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Arch Capital Group from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, July 1st. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Arch Capital Group presently has an average rating of "Moderate Buy" and a consensus target price of $106.50.

Arch Capital Group Stock Performance

NASDAQ:ACGL traded up $2.51 during trading hours on Friday, reaching $109.02. The company had a trading volume of 1,512,948 shares, compared to its average volume of 1,634,753. Arch Capital Group Ltd. has a 52 week low of $72.85 and a 52 week high of $109.14. The firm's 50 day moving average price is $98.96 and its 200-day moving average price is $95.06. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16. The firm has a market cap of $40.94 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 1.86 and a beta of 0.58.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.21 by $0.36. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the firm posted $1.92 EPS. The company's revenue for the quarter was up 10.3% compared to the same quarter last year. On average, analysts forecast that Arch Capital Group Ltd. will post 9 EPS for the current year.

Insider Activity

In other news, CFO Francois Morin sold 11,460 shares of the business's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the completion of the sale, the chief financial officer now owns 221,779 shares of the company's stock, valued at approximately $22,723,476.34. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 4.20% of the company's stock.

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.