Public Employees Retirement System of Ohio Purchases Shares of 154,966 Arch Capital Group Ltd. (NASDAQ:ACGL)

Public Employees Retirement System of Ohio purchased a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 154,966 shares of the insurance provider's stock, valued at approximately $17,338,000.

A number of other institutional investors and hedge funds have also modified their holdings of ACGL. State Street Corp lifted its holdings in shares of Arch Capital Group by 1.1% in the third quarter. State Street Corp now owns 16,587,446 shares of the insurance provider's stock valued at $1,855,803,000 after purchasing an additional 172,628 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Arch Capital Group by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider's stock valued at $832,246,000 after buying an additional 337,786 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Arch Capital Group by 1.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,124,251 shares of the insurance provider's stock valued at $573,301,000 after buying an additional 49,426 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Arch Capital Group by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,925,288 shares of the insurance provider's stock worth $396,026,000 after buying an additional 244,285 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Arch Capital Group by 10.1% in the second quarter. Legal & General Group Plc now owns 3,455,949 shares of the insurance provider's stock worth $348,671,000 after acquiring an additional 316,070 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ACGL shares. Citigroup lifted their price objective on Arch Capital Group from $105.00 to $114.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 10th. Jefferies Financial Group boosted their price objective on shares of Arch Capital Group from $114.00 to $134.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. JMP Securities raised their target price on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a "market outperform" rating in a research report on Tuesday, October 15th. TD Cowen boosted their price target on Arch Capital Group from $116.00 to $138.00 and gave the company a "buy" rating in a report on Friday, September 20th. Finally, BMO Capital Markets raised their price objective on Arch Capital Group from $98.00 to $104.00 and gave the stock a "market perform" rating in a report on Wednesday, November 6th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $118.38.

Arch Capital Group Stock Up 0.8 %

Shares of NASDAQ:ACGL traded up $0.72 during mid-day trading on Wednesday, hitting $94.07. 1,516,060 shares of the company traded hands, compared to its average volume of 1,684,232. The firm's 50 day simple moving average is $102.84 and its 200 day simple moving average is $103.20. The firm has a market cap of $35.39 billion, a P/E ratio of 6.31, a PEG ratio of 1.56 and a beta of 0.62. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. Arch Capital Group Ltd. has a 52-week low of $72.85 and a 52-week high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.05. The business had revenue of $4.72 billion for the quarter, compared to analysts' expectations of $4.05 billion. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same period in the previous year, the company posted $2.31 earnings per share. On average, equities analysts anticipate that Arch Capital Group Ltd. will post 8.99 EPS for the current year.

Arch Capital Group Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were paid a dividend of $5.00 per share. The ex-dividend date of this dividend was Monday, November 18th.

Arch Capital Group 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.