Strs Ohio Acquires Shares of 349,566 Arch Capital Group Ltd. $ACGL

Strs Ohio acquired a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 349,566 shares of the insurance provider’s stock, valued at approximately $33,621,000. Strs Ohio owned 0.09% of Arch Capital Group as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ACGL. Capital A Wealth Management LLC bought a new stake in Arch Capital Group in the 4th quarter valued at about $25,000. Bartlett & CO. Wealth Management LLC bought a new stake in Arch Capital Group in the 1st quarter valued at about $27,000. Meeder Asset Management Inc. boosted its holdings in Arch Capital Group by 116.3% in the 1st quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 150 shares during the period. Wayfinding Financial LLC bought a new stake in Arch Capital Group in the 1st quarter valued at about $31,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Arch Capital Group during the 1st quarter worth approximately $37,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

ACGL stock opened at $92.29 on Friday. The company has a 50 day simple moving average of $89.77 and a 200 day simple moving average of $91.36. The stock has a market cap of $34.44 billion, a price-to-earnings ratio of 9.52, a P/E/G ratio of 5.55 and a beta of 0.51. Arch Capital Group Ltd. has a 1 year low of $82.49 and a 1 year high of $116.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.28. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. The business had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same period in the prior year, the company earned $2.57 EPS. Research analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $94.15, for a total value of $941,500.00. Following the completion of the transaction, the insider directly owned 433,589 shares in the company, valued at approximately $40,822,404.35. This represents a 2.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 4.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ACGL. Jefferies Financial Group downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $106.00 to $100.00 in a report on Tuesday, June 10th. Wells Fargo & Company cut their price target on shares of Arch Capital Group from $110.00 to $107.00 and set an “overweight” rating for the company in a report on Thursday, July 31st. Cowen reaffirmed a “buy” rating on shares of Arch Capital Group in a report on Monday, August 4th. Keefe, Bruyette & Woods upped their price target on shares of Arch Capital Group from $102.00 to $103.00 and gave the stock a “market perform” rating in a report on Thursday, August 14th. Finally, Morgan Stanley set a $110.00 price target on shares of Arch Capital Group and gave the stock an “overweight” rating in a report on Monday, May 19th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $111.27.

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.