California State Teachers Retirement System Sells 25,317 Shares of Arch Capital Group Ltd. $ACGL

California State Teachers Retirement System trimmed its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 5.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 473,333 shares of the insurance provider’s stock after selling 25,317 shares during the period. California State Teachers Retirement System’s holdings in Arch Capital Group were worth $45,435,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Empowered Funds LLC increased its holdings in shares of Arch Capital Group by 83.0% in the first quarter. Empowered Funds LLC now owns 32,390 shares of the insurance provider’s stock worth $3,109,000 after buying an additional 14,690 shares during the period. Quantinno Capital Management LP boosted its holdings in Arch Capital Group by 33.5% during the 1st quarter. Quantinno Capital Management LP now owns 248,635 shares of the insurance provider’s stock valued at $23,866,000 after acquiring an additional 62,387 shares during the period. Lazard Asset Management LLC grew its position in Arch Capital Group by 213.6% during the 1st quarter. Lazard Asset Management LLC now owns 28,431 shares of the insurance provider’s stock worth $2,729,000 after acquiring an additional 19,364 shares during the last quarter. Gateway Wealth Partners LLC bought a new position in Arch Capital Group during the 1st quarter worth approximately $754,000. Finally, Weiss Asset Management LP increased its stake in Arch Capital Group by 88.5% in the 1st quarter. Weiss Asset Management LP now owns 42,300 shares of the insurance provider’s stock worth $4,060,000 after purchasing an additional 19,860 shares during the period. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Stock Performance

ACGL stock opened at $101.14 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.57 and a quick ratio of 0.55. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $107.08. The company has a market cap of $35.34 billion, a P/E ratio of 7.91, a price-to-earnings-growth ratio of 5.20 and a beta of 0.31. The stock’s fifty day moving average price is $96.42 and its 200-day moving average price is $96.07.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, July 28th. The insurance provider reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.09. Arch Capital Group had a return on equity of 17.06% and a net margin of 24.40%.The company had revenue of $8.72 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter in the prior year, the business earned $2.58 earnings per share. On average, equities analysts forecast that Arch Capital Group Ltd. will post 9.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ACGL shares. Barclays boosted their price objective on Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Keefe, Bruyette & Woods cut their price target on shares of Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating on the stock in a report on Wednesday, July 8th. Citigroup restated a “market outperform” rating on shares of Arch Capital Group in a research note on Wednesday. Morgan Stanley raised their price target on shares of Arch Capital Group from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Finally, Weiss Ratings lowered shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Arch Capital Group presently has an average rating of “Hold” and an average target price of $110.39.

Insider Activity

In other news, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total transaction of $58,980.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.30% of the stock is currently owned by corporate insiders.

Arch Capital Group Company Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.