South Dakota Investment Council Has $18.62 Million Stake in Arch Capital Group Ltd. $ACGL

South Dakota Investment Council lifted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 7.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 204,467 shares of the insurance provider’s stock after acquiring an additional 13,727 shares during the period. South Dakota Investment Council owned 0.05% of Arch Capital Group worth $18,617,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. grew its holdings in Arch Capital Group by 116.3% in the first quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 150 shares during the period. Wayfinding Financial LLC bought a new position in shares of Arch Capital Group during the 1st quarter worth about $31,000. Zions Bancorporation National Association UT bought a new position in shares of Arch Capital Group during the 1st quarter worth about $37,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Arch Capital Group by 3,450.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock valued at $39,000 after buying an additional 414 shares during the period. Finally, Hemington Wealth Management increased its position in Arch Capital Group by 27.7% in the 1st quarter. Hemington Wealth Management now owns 548 shares of the insurance provider’s stock valued at $52,000 after buying an additional 119 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Buying and Selling at Arch Capital Group

In related news, insider Maamoun Rajeh sold 10,000 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $94.15, for a total transaction of $941,500.00. Following the transaction, the insider directly owned 433,589 shares in the company, valued at approximately $40,822,404.35. The trade was a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.20% of the stock is owned by insiders.

Arch Capital Group Stock Down 0.4%

Shares of NASDAQ:ACGL opened at $86.31 on Monday. The business’s 50 day moving average is $89.77 and its 200 day moving average is $90.57. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $103.21. The stock has a market cap of $32.21 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 3.24 and a beta of 0.47. The company has a quick ratio of 0.56, a current ratio of 0.55 and a debt-to-equity ratio of 0.13.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $1.01. The business had revenue of $3.96 billion during the quarter, compared to analyst estimates of $4.39 billion. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.During the same period in the prior year, the firm posted $1.99 EPS. On average, sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ACGL shares. Cantor Fitzgerald reiterated a “neutral” rating and issued a $98.00 price target on shares of Arch Capital Group in a report on Tuesday, October 28th. The Goldman Sachs Group set a $88.00 price objective on Arch Capital Group and gave the company a “sell” rating in a report on Tuesday, October 14th. Wolfe Research started coverage on Arch Capital Group in a report on Monday, September 15th. They issued a “peer perform” rating on the stock. Citigroup reissued a “market outperform” rating on shares of Arch Capital Group in a research report on Tuesday, October 28th. Finally, Cowen restated a “buy” rating on shares of Arch Capital Group in a report on Monday, August 4th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $108.64.

Arch Capital Group Company 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.