South Dakota Investment Council Purchases 39,466 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

South Dakota Investment Council grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 26.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 186,714 shares of the insurance provider's stock after buying an additional 39,466 shares during the quarter. South Dakota Investment Council's holdings in Arch Capital Group were worth $17,243,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ACGL. Farther Finance Advisors LLC increased its position in shares of Arch Capital Group by 12.8% during the third quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider's stock valued at $100,000 after buying an additional 101 shares during the period. KG&L Capital Management LLC boosted its position in Arch Capital Group by 1.1% during the 3rd quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider's stock valued at $1,214,000 after acquiring an additional 115 shares in the last quarter. Marks Group Wealth Management Inc grew its holdings in shares of Arch Capital Group by 4.2% during the 3rd quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider's stock worth $323,000 after acquiring an additional 115 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Arch Capital Group by 1.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,878 shares of the insurance provider's stock worth $993,000 after acquiring an additional 116 shares in the last quarter. Finally, Bensler LLC raised its position in shares of Arch Capital Group by 0.7% in the 3rd quarter. Bensler LLC now owns 18,921 shares of the insurance provider's stock worth $2,117,000 after acquiring an additional 126 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock traded down $0.78 during trading on Wednesday, hitting $89.57. 1,769,419 shares of the company's stock traded hands, compared to its average volume of 1,919,460. Arch Capital Group Ltd. has a 1 year low of $86.16 and a 1 year high of $116.47. The business has a 50-day simple moving average of $91.92 and a 200-day simple moving average of $100.56. The stock has a market capitalization of $33.70 billion, a P/E ratio of 8.00, a PEG ratio of 2.31 and a beta of 0.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58.

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

Analysts Set New Price Targets

ACGL has been the topic of several recent research reports. JMP Securities reaffirmed a "market outperform" rating and issued a $125.00 price target on shares of Arch Capital Group in a research note on Tuesday, February 11th. Bank of America reduced their target price on shares of Arch Capital Group from $143.00 to $136.00 and set a "buy" rating on the stock in a research report on Friday, November 15th. Royal Bank of Canada lowered their price target on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods cut their price objective on shares of Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Finally, BMO Capital Markets raised their target price on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a "market perform" rating in a research note on Wednesday, November 6th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $117.19.

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.