Teacher Retirement System of Texas Lowers Position in Arch Capital Group Ltd. $ACGL

Teacher Retirement System of Texas trimmed its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 14.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 49,099 shares of the insurance provider’s stock after selling 7,963 shares during the period. Teacher Retirement System of Texas’ holdings in Arch Capital Group were worth $4,455,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of ACGL. Quent Capital LLC purchased a new position in shares of Arch Capital Group during the third quarter valued at about $37,000. Richardson Financial Services Inc. lifted its position in shares of Arch Capital Group by 63.3% in the third quarter. Richardson Financial Services Inc. now owns 418 shares of the insurance provider’s stock worth $38,000 after buying an additional 162 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Arch Capital Group by 3,450.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock valued at $39,000 after buying an additional 414 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings in Arch Capital Group by 31.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock valued at $43,000 after buying an additional 112 shares in the last quarter. Finally, Root Financial Partners LLC bought a new stake in Arch Capital Group in the 3rd quarter worth approximately $54,000. 89.07% of the stock is currently owned by institutional investors.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, insider John M. Pasquesi sold 203,866 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $93.90, for a total transaction of $19,143,017.40. Following the transaction, the insider directly owned 351,356 shares in the company, valued at $32,992,328.40. This trade represents a 36.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Francois Morin sold 8,000 shares of Arch Capital Group stock in a transaction on Friday, November 28th. The shares were sold at an average price of $94.62, for a total value of $756,960.00. Following the sale, the chief financial officer directly owned 266,681 shares of the company’s stock, valued at approximately $25,233,356.22. This trade represents a 2.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 220,666 shares of company stock worth $20,728,673. 4.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on ACGL. Mizuho set a $95.00 target price on Arch Capital Group and gave the company a “neutral” rating in a research report on Monday, December 15th. Evercore ISI set a $100.00 price objective on shares of Arch Capital Group and gave the company an “in-line” rating in a research report on Wednesday, January 7th. Barclays set a $104.00 price objective on shares of Arch Capital Group and gave the stock an “equal weight” rating in a research note on Thursday, January 8th. Cantor Fitzgerald restated an “overweight” rating and set a $97.00 target price (up from $93.00) on shares of Arch Capital Group in a research report on Wednesday, January 14th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Arch Capital Group from $100.00 to $102.00 and gave the company a “market perform” rating in a report on Tuesday, January 6th. Eight equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Arch Capital Group presently has a consensus rating of “Hold” and a consensus price target of $107.53.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $93.46 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.55 and a quick ratio of 0.55. The stock has a market cap of $33.89 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 1.97 and a beta of 0.45. The firm has a 50-day moving average of $93.74 and a two-hundred day moving average of $91.06. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $97.60.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, October 27th. The insurance provider reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $1.01. The business had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.39 billion. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. During the same period last year, the company posted $1.99 earnings per share. On average, research analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

About Arch Capital Group

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.