New York State Teachers Retirement System Reduces Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

New York State Teachers Retirement System lowered its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 389,137 shares of the insurance provider's stock after selling 18,732 shares during the period. New York State Teachers Retirement System owned 0.10% of Arch Capital Group worth $35,937,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC increased its stake in Arch Capital Group by 2.7% during the 4th quarter. V Square Quantitative Management LLC now owns 8,496 shares of the insurance provider's stock valued at $785,000 after purchasing an additional 227 shares in the last quarter. Arcus Capital Partners LLC acquired a new position in shares of Arch Capital Group during the fourth quarter valued at about $305,000. Vontobel Holding Ltd. increased its position in shares of Arch Capital Group by 6.4% during the fourth quarter. Vontobel Holding Ltd. now owns 7,424 shares of the insurance provider's stock worth $686,000 after acquiring an additional 448 shares in the last quarter. Avestar Capital LLC acquired a new stake in shares of Arch Capital Group in the 4th quarter worth about $206,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Arch Capital Group in the 4th quarter valued at about $1,149,000. Institutional investors and hedge funds own 89.07% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Wells Fargo & Company decreased their price objective on Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. BMO Capital Markets increased their price target on Arch Capital Group from $98.00 to $104.00 and gave the company a "market perform" rating in a research report on Wednesday, November 6th. Barclays dropped their price objective on Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Monday, January 6th. Morgan Stanley reduced their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Finally, UBS Group dropped their price target on shares of Arch Capital Group from $131.00 to $127.00 and set a "buy" rating on the stock in a research report on Tuesday. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $117.19.

Arch Capital Group Stock Performance

NASDAQ ACGL traded up $0.36 on Wednesday, hitting $88.69. 1,559,248 shares of the stock traded hands, compared to its average volume of 1,949,961. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The business's fifty day moving average is $92.17 and its two-hundred day moving average is $100.76. Arch Capital Group Ltd. has a 12 month low of $83.97 and a 12 month high of $116.47. The firm has a market capitalization of $33.37 billion, a price-to-earnings ratio of 7.92, a PEG ratio of 2.25 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping the consensus estimate 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 posted $2.45 earnings per share. As a group, equities analysts anticipate that Arch Capital Group Ltd. will post 8.64 EPS for the current fiscal year.

About Arch Capital Group

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.