Teacher Retirement System of Texas acquired a new position in Arch Capital Group Ltd. (NASDAQ:ACGL) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 36,703 shares of the insurance provider’s stock, valued at approximately $3,332,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Toronto Dominion Bank increased its holdings in Arch Capital Group by 18.8% in the 2nd quarter. Toronto Dominion Bank now owns 1,596 shares of the insurance provider’s stock worth $149,000 after buying an additional 253 shares in the last quarter. Alps Advisors Inc. bought a new stake in shares of Arch Capital Group during the 4th quarter valued at about $203,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Arch Capital Group during the 2nd quarter valued at about $229,000. Dai Ichi Life Insurance Company Ltd bought a new stake in shares of Arch Capital Group during the 3rd quarter valued at about $242,000. Finally, IFM Investors Pty Ltd bought a new stake in shares of Arch Capital Group during the 3rd quarter valued at about $260,000. Institutional investors own 76.96% of the company’s stock.
A number of equities research analysts have issued reports on the company. Wells Fargo & Co set a $96.00 price target on Arch Capital Group and gave the company a “hold” rating in a research note on Monday, February 12th. UBS Group restated a “buy” rating on shares of Arch Capital Group in a research note on Monday, October 30th. Zacks Investment Research upgraded Arch Capital Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Royal Bank of Canada restated a “buy” rating and set a $113.00 price target on shares of Arch Capital Group in a research note on Friday, October 27th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $101.00 price target on shares of Arch Capital Group in a research note on Wednesday, December 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $100.67.
Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, February 12th. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.21. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.09 billion. Arch Capital Group had a return on equity of 5.95% and a net margin of 11.21%. The firm’s revenue was up 27.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 EPS. research analysts predict that Arch Capital Group Ltd. will post 6.24 earnings per share for the current year.
In related news, insider Louis T. Petrillo sold 5,921 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $91.07, for a total transaction of $539,225.47. Following the completion of the transaction, the insider now directly owns 43,268 shares in the company, valued at approximately $3,940,416.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Mark Donald Lyons sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $92.04, for a total value of $506,220.00. The disclosure for this sale can be found here. Insiders own 6.60% of the company’s stock.
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Arch Capital Group Company Profile
Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.
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