Louisiana State Employees Retirement System Invests $1.75 Million in Arch Capital Group Ltd. $ACGL

Louisiana State Employees Retirement System bought a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,200 shares of the insurance provider’s stock, valued at approximately $1,747,000.

Other hedge funds also recently modified their holdings of the company. Elyxium Wealth LLC bought a new position in Arch Capital Group during the 4th quarter valued at $27,000. WealthCollab LLC grew its stake in shares of Arch Capital Group by 410.3% in the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 238 shares in the last quarter. JPL Wealth Management LLC bought a new stake in shares of Arch Capital Group in the 3rd quarter worth $28,000. Grove Bank & Trust purchased a new stake in shares of Arch Capital Group in the fourth quarter valued at about $30,000. Finally, Aventura Private Wealth LLC purchased a new stake in shares of Arch Capital Group in the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insider Buying and Selling

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total value of $58,980.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel Joseph Houston bought 5,300 shares of the stock in a transaction on Thursday, April 30th. The stock was purchased at an average price of $94.08 per share, for a total transaction of $498,624.00. Following the completion of the purchase, the director owned 9,915 shares of the company’s stock, valued at approximately $932,803.20. This trade represents a 114.84% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ACGL. Citigroup boosted their price target on shares of Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a report on Thursday, April 30th. Keefe, Bruyette & Woods dropped their target price on shares of Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating on the stock in a research report on Tuesday, May 5th. Mizuho cut their target price on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Wells Fargo & Company boosted their target price on Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Morgan Stanley set a $105.00 target price on Arch Capital Group in a report on Friday, May 1st. Eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $106.81.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $97.06 on Wednesday. Arch Capital Group Ltd. has a 52-week low of $82.44 and a 52-week high of $103.39. The company has a 50-day simple moving average of $93.66 and a 200 day simple moving average of $95.14. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55. The company has a market capitalization of $33.91 billion, a PE ratio of 7.45, a price-to-earnings-growth ratio of 4.90 and a beta of 0.32.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. The firm had revenue of $4.52 billion for the quarter. On average, research analysts predict that Arch Capital Group Ltd. will post 9.3 EPS for the current year.

Arch Capital Group Profile

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.