Louisiana State Employees Retirement System Sells 500 Shares of Arch Capital Group Ltd. $ACGL

Louisiana State Employees Retirement System decreased its stake in Arch Capital Group Ltd. (NASDAQ:ACGLFree Report) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,700 shares of the insurance provider’s stock after selling 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Arch Capital Group were worth $1,794,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Shell Asset Management Co. increased its holdings in shares of Arch Capital Group by 20.8% in the 2nd quarter. Shell Asset Management Co. now owns 80,833 shares of the insurance provider’s stock worth $7,360,000 after buying an additional 13,896 shares during the last quarter. KLP Kapitalforvaltning AS increased its holdings in shares of Arch Capital Group by 2.7% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 172,341 shares of the insurance provider’s stock worth $15,692,000 after buying an additional 4,600 shares during the last quarter. DAVENPORT & Co LLC grew its holdings in shares of Arch Capital Group by 30.0% during the 2nd quarter. DAVENPORT & Co LLC now owns 3,399 shares of the insurance provider’s stock valued at $309,000 after purchasing an additional 785 shares during the last quarter. 111 Capital bought a new position in shares of Arch Capital Group during the 2nd quarter valued at $1,246,000. Finally, QRG Capital Management Inc. grew its holdings in shares of Arch Capital Group by 3.7% during the 2nd quarter. QRG Capital Management Inc. now owns 87,525 shares of the insurance provider’s stock valued at $7,969,000 after purchasing an additional 3,156 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Insider Activity at Arch Capital Group

In other news, insider Maamoun Rajeh sold 10,000 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 433,589 shares of the company’s stock, valued at approximately $40,822,404.35. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.20% of the company’s stock.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock opened at $92.47 on Friday. The firm has a market cap of $34.51 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 5.51 and a beta of 0.47. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $115.06. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. The company’s fifty day simple moving average is $90.63 and its two-hundred day simple moving average is $91.07.

Arch Capital Group (NASDAQ:ACGLGet Free Report) last announced its quarterly earnings results 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. The business had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.29 billion. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. During the same quarter last year, the firm earned $2.57 EPS. As a group, equities analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wolfe Research assumed coverage on shares of Arch Capital Group in a report on Monday, September 15th. They set a “peer perform” rating on the stock. Keefe, Bruyette & Woods increased their target price on shares of Arch Capital Group from $102.00 to $103.00 and gave the company a “market perform” rating in a report on Thursday, August 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Arch Capital Group in a report on Wednesday. Citigroup assumed coverage on shares of Arch Capital Group in a report on Wednesday, August 13th. They set a “buy” rating and a $113.00 target price on the stock. Finally, UBS Group reaffirmed a “buy” rating and set a $118.00 target price (down previously from $124.00) on shares of Arch Capital Group in a report on Monday, August 4th. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $110.31.

View Our Latest Analysis on Arch Capital Group

Arch Capital Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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