Teacher Retirement System of Texas Has $24.44 Million Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Teacher Retirement System of Texas lifted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 264,619 shares of the insurance provider's stock after purchasing an additional 3,656 shares during the period. Teacher Retirement System of Texas owned approximately 0.07% of Arch Capital Group worth $24,438,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Arch Capital Group by 3.5% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider's stock valued at $18,203,000 after buying an additional 6,663 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Arch Capital Group by 5.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider's stock valued at $12,444,000 after acquiring an additional 5,614 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Arch Capital Group by 10.0% in the third quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider's stock valued at $8,024,000 after acquiring an additional 6,521 shares during the last quarter. Pittenger & Anderson Inc. grew its position in shares of Arch Capital Group by 56.6% during the 4th quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider's stock worth $621,000 after buying an additional 2,430 shares during the period. Finally, Northstar Group Inc. raised its position in shares of Arch Capital Group by 5.1% during the 4th quarter. Northstar Group Inc. now owns 122,197 shares of the insurance provider's stock valued at $11,285,000 after acquiring an additional 5,947 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

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Insiders Place Their Bets

In other news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the transaction, the insider now owns 140,023 shares of the company's stock, valued at $12,742,093. This trade represents a 7.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 4.20% of the company's stock.

Analysts Set New Price Targets

ACGL has been the topic of a number of recent analyst reports. UBS Group reduced 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. JMP Securities reaffirmed a "market outperform" rating and issued a $125.00 target price on shares of Arch Capital Group in a research note on Tuesday, February 11th. Royal Bank of Canada reduced their price target on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. JPMorgan Chase & Co. decreased their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating for the company in a report on Friday, January 3rd. Finally, 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. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $117.19.

Arch Capital Group Stock Up 1.4 %

NASDAQ ACGL traded up $1.35 during trading on Wednesday, hitting $95.93. The stock had a trading volume of 1,321,957 shares, compared to its average volume of 1,651,740. Arch Capital Group Ltd. has a 12 month low of $87.42 and a 12 month high of $116.47. 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 company's 50-day moving average price is $92.10 and its two-hundred day moving average price is $98.41. The company has a market capitalization of $36.01 billion, a PE ratio of 8.57, a P/E/G ratio of 2.31 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data 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 net margin of 24.73% and a return on equity of 17.96%. During the same period last year, the firm earned $2.45 EPS. As a group, sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

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.