Retirement Systems of Alabama Sells 790 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Retirement Systems of Alabama lowered its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 354,531 shares of the insurance provider’s stock after selling 790 shares during the quarter. Retirement Systems of Alabama owned approximately 0.09% of Arch Capital Group worth $32,741,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ACGL. Quantbot Technologies LP bought a new position in Arch Capital Group in the third quarter worth approximately $25,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Arch Capital Group in the 3rd quarter worth $46,000. UMB Bank n.a. raised its holdings in Arch Capital Group by 41.9% in the 3rd quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 126 shares during the period. Asset Dedication LLC lifted its position in Arch Capital Group by 188.1% during the third quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 284 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in Arch Capital Group during the third quarter valued at about $50,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Up 0.3 %

NASDAQ ACGL opened at $93.06 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 12 month low of $80.97 and a 12 month high of $116.47. The stock’s 50 day moving average is $93.73 and its 200 day moving average is $101.23. The stock has a market cap of $35.01 billion, a PE ratio of 6.25, a P/E/G ratio of 1.52 and a beta of 0.64.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ACGL. Royal Bank of Canada decreased their price objective on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Jefferies Financial Group raised their target price on shares of Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. BMO Capital Markets upped their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. decreased their price objective on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Finally, Evercore ISI upped their target price on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $118.00.

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.