Retirement Systems of Alabama Sells 790 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Retirement Systems of Alabama lowered its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 354,531 shares of the insurance provider’s stock after selling 790 shares during the quarter. Retirement Systems of Alabama’s holdings in Arch Capital Group were worth $32,741,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ACGL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Arch Capital Group by 245.1% during 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. Swedbank AB increased its position in shares of Arch Capital Group by 268.8% during the 4th quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider’s stock valued at $116,542,000 after purchasing an additional 919,793 shares during the last quarter. Erste Asset Management GmbH bought a new position in shares of Arch Capital Group during the 3rd quarter valued at approximately $82,748,000. National Pension Service bought a new position in shares of Arch Capital Group during the 3rd quarter valued at approximately $64,271,000. Finally, International Assets Investment Management LLC increased its position 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 purchasing an additional 548,402 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ACGL shares. JPMorgan Chase & Co. cut their price objective on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Evercore ISI upped their price objective on Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Jefferies Financial Group upped their price objective on Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Wells Fargo & Company cut their price objective on Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Finally, BMO Capital Markets upped their price objective on Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research report on Wednesday, November 6th. Six 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 an average price target of $118.00.

Arch Capital Group Trading Up 0.3 %

ACGL opened at $93.06 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. The firm has a market cap of $35.01 billion, a price-to-earnings ratio of 6.25, a PEG ratio of 1.52 and a beta of 0.64. Arch Capital Group Ltd. has a 12 month low of $80.97 and a 12 month high of $116.47. The stock has a fifty day moving average price of $93.73 and a 200-day moving average price of $101.23.

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.