Arch Capital Group Ltd. (NASDAQ:ACGL) Position Lessened by Kentucky Retirement Systems

Kentucky Retirement Systems decreased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,737 shares of the insurance provider’s stock after selling 355 shares during the period. Kentucky Retirement Systems’ holdings in Arch Capital Group were worth $2,377,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Quantbot Technologies LP bought a new stake in shares of Arch Capital Group in the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new stake in Arch Capital Group during the 3rd quarter valued at $50,000. Golden State Wealth Management LLC bought a new stake in Arch Capital Group during the 4th quarter valued at $42,000. Y.D. More Investments Ltd raised its stake in Arch Capital Group by 125.6% during the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 260 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in Arch Capital Group by 97.0% during the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock valued at $78,000 after acquiring an additional 414 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Royal Bank of Canada cut their target price on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Morgan Stanley cut their target price on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Barclays cut their target price on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. cut their target price on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Finally, Bank of America cut their target price on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Arch Capital Group currently has a consensus rating of “Moderate Buy” and an average price target of $117.19.

Arch Capital Group Stock Performance

Shares of 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 stock has a market capitalization of $33.16 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 2.34 and a beta of 0.64. The stock’s fifty day simple moving average is $91.96 and its 200 day simple 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.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (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 period in the previous year, the business posted $2.45 EPS. As a group, sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 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.