Teachers Retirement System of The State of Kentucky Has $11.17 Million Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Teachers Retirement System of The State of Kentucky reduced its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.5% during the third quarter, HoldingsChannel reports. The firm owned 99,856 shares of the insurance provider’s stock after selling 1,512 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Arch Capital Group were worth $11,172,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ACGL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Arch Capital Group by 245.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider’s stock valued at $341,652,000 after purchasing an additional 2,168,897 shares during the last quarter. Erste Asset Management GmbH acquired a new position in shares of Arch Capital Group during the third quarter worth $82,748,000. National Pension Service bought a new position in shares of Arch Capital Group in the 3rd quarter valued at $64,271,000. International Assets Investment Management LLC boosted its holdings in shares of Arch Capital Group by 18,634.1% during the 3rd quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider’s stock valued at $616,840,000 after acquiring an additional 548,402 shares in the last quarter. Finally, Brandes Investment Partners LP bought a new stake in Arch Capital Group during the 2nd quarter worth $48,119,000. 89.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

ACGL has been the subject of several research reports. TD Cowen increased their target price on Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Evercore ISI raised their price objective on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. 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 report on Friday, November 15th. BMO Capital Markets raised their price target 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. Finally, Barclays initiated coverage on shares of Arch Capital Group in a report on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 price target on the stock. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Arch Capital Group has an average rating of “Moderate Buy” and an average target price of $118.38.

Arch Capital Group Stock Up 0.8 %

Shares of NASDAQ:ACGL opened at $94.07 on Thursday. Arch Capital Group Ltd. has a 1 year low of $72.85 and a 1 year high of $116.47. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. The business’s 50-day moving average is $102.84 and its 200-day moving average is $103.20. The company has a market capitalization of $35.39 billion, a price-to-earnings ratio of 6.31, a P/E/G ratio of 1.56 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.05. The business had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same period in the previous year, the company posted $2.31 earnings per share. Equities research analysts predict that Arch Capital Group Ltd. will post 8.99 earnings per share for the current year.

Arch Capital Group Dividend Announcement

The business also recently announced a special dividend, which was paid on Wednesday, December 4th. Investors 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.