State Board of Administration of Florida Retirement System boosted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 164,391 shares of the insurance provider’s stock after buying an additional 230 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.12% of Arch Capital Group worth $15,336,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ACGL. BlackRock Inc. increased its stake in shares of Arch Capital Group by 3,410.5% in the first quarter. BlackRock Inc. now owns 8,769,351 shares of the insurance provider’s stock worth $831,073,000 after buying an additional 8,519,546 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Arch Capital Group by 802.5% in the first quarter. JPMorgan Chase & Co. now owns 850,833 shares of the insurance provider’s stock worth $80,633,000 after buying an additional 756,556 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Arch Capital Group by 4.6% in the first quarter. Vanguard Group Inc. now owns 9,588,852 shares of the insurance provider’s stock worth $908,736,000 after buying an additional 418,229 shares during the last quarter. Karp Capital Management Corp purchased a new stake in shares of Arch Capital Group during the first quarter worth about $23,790,000. Finally, Scout Investments Inc. increased its stake in shares of Arch Capital Group by 75.8% in the first quarter. Scout Investments Inc. now owns 521,258 shares of the insurance provider’s stock worth $37,061,000 after buying an additional 224,761 shares during the last quarter. 76.92% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) opened at 97.41 on Monday. The company has a 50-day moving average of $96.93 and a 200-day moving average of $95.33. Arch Capital Group Ltd. has a 52 week low of $76.47 and a 52 week high of $99.47. The stock has a market capitalization of $13.10 billion, a P/E ratio of 17.72 and a beta of 0.67.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.01. Arch Capital Group had a return on equity of 8.76% and a net margin of 15.65%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the company posted $1.13 earnings per share. The business’s revenue was up 22.0% on a year-over-year basis. On average, analysts anticipate that Arch Capital Group Ltd. will post $5.35 EPS for the current year.

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A number of equities research analysts have recently issued reports on ACGL shares. Wells Fargo & Company reissued a “hold” rating on shares of Arch Capital Group in a report on Wednesday, June 14th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $95.00 price target on shares of Arch Capital Group in a report on Tuesday, July 4th. BidaskClub raised shares of Arch Capital Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, Zacks Investment Research downgraded shares of Arch Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $93.10.

In related news, Director John D. Vollaro sold 10,000 shares of Arch Capital Group stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $97.31, for a total transaction of $973,100.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Constantine Iordanou sold 62,832 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $95.02, for a total value of $5,970,296.64. Following the transaction, the chief executive officer now owns 108,851 shares in the company, valued at approximately $10,343,022.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,598 shares of company stock worth $13,820,641. 6.60% of the stock is currently owned by company insiders.

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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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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