Teachers Retirement System of The State of Kentucky Has $10.03 Million Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Teachers Retirement System of The State of Kentucky lessened its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 108,501 shares of the insurance provider’s stock after selling 4,649 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Arch Capital Group were worth $10,030,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Arch Capital Group in the fourth quarter valued at approximately $27,000. Larson Financial Group LLC acquired a new position in Arch Capital Group during the fourth quarter valued at approximately $30,000. Richardson Financial Services Inc. acquired a new position in Arch Capital Group during the fourth quarter valued at approximately $33,000. LRI Investments LLC acquired a new position in shares of Arch Capital Group during the first quarter worth $38,000. Finally, Indiana Trust & Investment Management CO bought a new position in shares of Arch Capital Group in the 1st quarter valued at $58,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Transactions at Arch Capital Group

In related news, CEO David Gansberg sold 10,000 shares of Arch Capital Group stock in a transaction on Monday, May 6th. The shares were sold at an average price of $96.64, for a total value of $966,400.00. Following the completion of the sale, the chief executive officer now owns 228,035 shares of the company’s stock, valued at approximately $22,037,302.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 4.20% of the company’s stock.

Arch Capital Group Trading Up 1.6 %

Shares of ACGL stock traded up $1.57 during trading hours on Friday, hitting $98.67. 3,584,653 shares of the company were exchanged, compared to its average volume of 1,302,962. The firm has a market cap of $37.05 billion, a P/E ratio of 7.79, a P/E/G ratio of 1.81 and a beta of 0.58. Arch Capital Group Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $103.79. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.59 and a current ratio of 0.60. The company has a 50 day simple moving average of $99.13 and a two-hundred day simple moving average of $93.22.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.21 by $0.36. The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.92 EPS. Equities analysts anticipate that Arch Capital Group Ltd. will post 8.75 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ACGL. Wells Fargo & Company upped their target price on Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Evercore ISI raised their price objective on shares of Arch Capital Group from $100.00 to $104.00 and gave the company an “in-line” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Arch Capital Group from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, July 1st. Royal Bank of Canada raised their price objective on shares of Arch Capital Group from $108.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $104.53.

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.