Oregon Public Employees Retirement Fund Purchases New Stake in Arch Capital Group Ltd. (ACGL)

Oregon Public Employees Retirement Fund purchased a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 31,800 shares of the insurance provider’s stock, valued at approximately $2,967,000.

Several other hedge funds have also recently bought and sold shares of the company. Comerica Bank purchased a new stake in Arch Capital Group during the fourth quarter valued at about $450,000. Guggenheim Capital LLC raised its stake in Arch Capital Group by 9.9% in the fourth quarter. Guggenheim Capital LLC now owns 33,915 shares of the insurance provider’s stock valued at $2,927,000 after buying an additional 3,049 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Arch Capital Group during the fourth quarter valued at about $805,000. UBS Asset Management Americas Inc. raised its stake in Arch Capital Group by 1.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 531,540 shares of the insurance provider’s stock valued at $45,867,000 after buying an additional 6,693 shares in the last quarter. Finally, Creative Planning raised its stake in Arch Capital Group by 0.6% in the first quarter. Creative Planning now owns 3,404 shares of the insurance provider’s stock valued at $323,000 after buying an additional 19 shares in the last quarter. Institutional investors and hedge funds own 73.09% of the company’s stock.

Shares of Arch Capital Group Ltd. (NASDAQ ACGL) opened at 98.49 on Tuesday. Arch Capital Group Ltd. has a 12 month low of $69.31 and a 12 month high of $99.21. The firm has a 50-day moving average of $95.16 and a 200-day moving average of $93.91. The firm has a market cap of $13.20 billion, a price-to-earnings ratio of 16.69 and a beta of 0.66.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Tuesday, April 25th. The insurance provider reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.09. Arch Capital Group had a net margin of 16.92% and a return on equity of 8.85%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the company earned $1.20 EPS. On average, analysts anticipate that Arch Capital Group Ltd. will post $5.34 EPS for the current year.

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Several analysts recently issued reports on ACGL shares. Deutsche Bank AG increased their price target on shares of Arch Capital Group from $78.00 to $87.00 and gave the stock a “hold” rating in a research report on Thursday, March 30th. Keefe, Bruyette & Woods set a $95.00 price target on shares of Arch Capital Group and gave the stock a “hold” rating in a research report on Thursday, April 6th. Wells Fargo & Company reiterated a “hold” rating on shares of Arch Capital Group in a research report on Wednesday, April 26th. Morgan Stanley increased their price target on shares of Arch Capital Group from $90.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Friday, April 28th. Finally, BidaskClub lowered shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $92.09.

In other news, CFO Mark Donald Lyons sold 8,266 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $93.53, for a total value of $773,118.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John D. Vollaro sold 2,033 shares of the company’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $97.32, for a total transaction of $197,851.56. The disclosure for this sale can be found here. In the last three months, insiders sold 166,700 shares of company stock valued at $15,923,004. Corporate insiders own 6.60% of the company’s stock.

About Arch Capital Group

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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