Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems cut its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,737 shares of the insurance provider’s stock after selling 355 shares during the quarter. Kentucky Retirement Systems’ holdings in Arch Capital Group were worth $2,377,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in Arch Capital Group by 12.8% during the third quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock worth $100,000 after purchasing an additional 101 shares during the last quarter. KG&L Capital Management LLC raised its holdings in shares of Arch Capital Group by 1.1% in the third quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock worth $1,214,000 after acquiring an additional 115 shares during the last quarter. Marks Group Wealth Management Inc raised its holdings in shares of Arch Capital Group by 4.2% in the third quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider’s stock worth $323,000 after acquiring an additional 115 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Arch Capital Group by 1.3% in the third quarter. Harbor Capital Advisors Inc. now owns 8,878 shares of the insurance provider’s stock worth $993,000 after acquiring an additional 116 shares during the last quarter. Finally, Bensler LLC raised its holdings in shares of Arch Capital Group by 0.7% in the third quarter. Bensler LLC now owns 18,921 shares of the insurance provider’s stock worth $2,117,000 after acquiring an additional 126 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Trading Down 1.0 %

NASDAQ:ACGL opened at $88.13 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $91.96 and its two-hundred day moving average is $100.65. Arch Capital Group Ltd. has a 52 week low of $84.00 and a 52 week high of $116.47. The company has a market cap of $33.16 billion, a PE ratio of 7.87, a P/E/G ratio of 2.34 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same quarter in the prior year, the firm posted $2.45 EPS. On average, analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ACGL shares. Bank of America cut their price target on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 15th. Barclays cut their price target on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Royal Bank of Canada cut their price target on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. UBS Group dropped their target price on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company reduced their target price on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $117.19.

About Arch Capital Group

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.