Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Inspire Investing LLC

Inspire Investing LLC trimmed its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 19.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 8,456 shares of the insurance provider’s stock after selling 2,095 shares during the period. Inspire Investing LLC’s holdings in Arch Capital Group were worth $853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital International Investors raised its stake in shares of Arch Capital Group by 61.1% in the first quarter. Capital International Investors now owns 4,112,577 shares of the insurance provider’s stock worth $380,167,000 after purchasing an additional 1,560,173 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Arch Capital Group by 61.6% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,191,282 shares of the insurance provider’s stock worth $237,017,000 after buying an additional 1,216,080 shares during the last quarter. Principal Financial Group Inc. raised its position in Arch Capital Group by 11.4% during the 1st quarter. Principal Financial Group Inc. now owns 6,800,236 shares of the insurance provider’s stock worth $628,614,000 after buying an additional 693,608 shares during the last quarter. Gladstone Capital Management LLP lifted its stake in Arch Capital Group by 52.8% during the 4th quarter. Gladstone Capital Management LLP now owns 1,385,307 shares of the insurance provider’s stock valued at $102,887,000 after acquiring an additional 478,570 shares during the period. Finally, Natixis Advisors LLC boosted its holdings in shares of Arch Capital Group by 59.1% in the 2nd quarter. Natixis Advisors LLC now owns 1,139,480 shares of the insurance provider’s stock valued at $114,962,000 after acquiring an additional 423,406 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Up 1.6 %

Shares of Arch Capital Group stock opened at $113.24 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $114.69. The firm has a market capitalization of $42.59 billion, a PE ratio of 8.94, a P/E/G ratio of 2.07 and a beta of 0.60. The firm’s 50-day moving average price is $103.82 and its 200 day moving average price is $98.71.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.36. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter last year, the business posted $1.92 earnings per share. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, sell-side analysts predict that Arch Capital Group Ltd. will post 9.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ACGL shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Arch Capital Group from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, July 1st. JPMorgan Chase & Co. boosted their price objective on Arch Capital Group from $106.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Bank of America lowered their price objective on Arch Capital Group from $119.00 to $118.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Finally, Citigroup lifted their target price on shares of Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.73.

Insider Buying and Selling at Arch Capital Group

In other news, CFO Francois Morin sold 11,460 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the completion of the sale, the chief financial officer now owns 221,779 shares of the company’s stock, valued at $22,723,476.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.20% of the stock is currently owned by insiders.

About Arch Capital Group

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.