National Pension Service Invests $64.27 Million in Arch Capital Group Ltd. (NASDAQ:ACGL)

National Pension Service acquired a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) during the third quarter, Holdings Channel reports. The firm acquired 574,466 shares of the insurance provider’s stock, valued at approximately $64,271,000.

Several other institutional investors have also added to or reduced their stakes in ACGL. UMB Bank n.a. bought a new position in shares of Arch Capital Group in the second quarter worth $30,000. Baldwin Brothers LLC MA lifted its holdings in Arch Capital Group by 50.7% during the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 104 shares in the last quarter. Rothschild Investment LLC purchased a new stake in Arch Capital Group during the 2nd quarter worth about $35,000. LRI Investments LLC bought a new position in Arch Capital Group in the 1st quarter worth about $38,000. Finally, Versant Capital Management Inc grew its holdings in Arch Capital Group by 40.3% during the 2nd quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock valued at $46,000 after buying an additional 131 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada lowered their price target on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Keefe, Bruyette & Woods boosted their price target on shares of Arch Capital Group from $120.00 to $121.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. TD Cowen upped their price target on shares of Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Barclays started coverage on Arch Capital Group in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 price objective for the company. Finally, Roth Mkm upped their target price on Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Arch Capital Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.87.

Insider Activity

In related news, CFO Francois Morin sold 11,460 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at $22,723,476.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 4.00% of the company’s stock.

Arch Capital Group Stock Up 1.6 %

Shares of ACGL opened at $96.50 on Wednesday. The firm has a market cap of $36.29 billion, a P/E ratio of 6.48, a P/E/G ratio of 1.38 and a beta of 0.61. Arch Capital Group Ltd. has a 1 year low of $72.85 and a 1 year high of $116.47. The stock has a 50 day simple moving average of $110.14 and a two-hundred day simple moving average of $102.90. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.60.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. The company had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same quarter in the prior year, the company earned $2.31 EPS. On average, analysts forecast that Arch Capital Group Ltd. will post 9.09 earnings per share for the current fiscal year.

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.