Inspire Investing LLC Sells 2,095 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Inspire Investing LLC lessened its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 19.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm 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 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Arch Capital Group by 0.3% during the first quarter. Vanguard Group Inc. now owns 40,858,890 shares of the insurance provider’s stock valued at $3,776,996,000 after buying an additional 104,008 shares during the period. Capital World Investors boosted its holdings in Arch Capital Group by 0.6% during the 4th quarter. Capital World Investors now owns 10,611,092 shares of the insurance provider’s stock valued at $788,086,000 after acquiring an additional 58,862 shares during the period. Principal Financial Group Inc. grew its position in Arch Capital Group by 4.4% in the 2nd quarter. Principal Financial Group Inc. now owns 7,100,952 shares of the insurance provider’s stock valued at $716,415,000 after acquiring an additional 300,716 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Arch Capital Group by 1.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,907,122 shares of the insurance provider’s stock valued at $546,054,000 after acquiring an additional 99,329 shares during the last quarter. Finally, Capital International Investors increased its stake in 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 period. 89.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ACGL has been the topic of a number of research analyst reports. Bank of America cut their price target on shares of Arch Capital Group from $119.00 to $118.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. Wells Fargo & Company reduced their target price on shares of Arch Capital Group from $111.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. JPMorgan Chase & Co. boosted their price target on Arch Capital Group from $106.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Royal Bank of Canada raised their price objective on Arch Capital Group from $108.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, Keefe, Bruyette & Woods upped their target price on Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Arch Capital Group has a consensus rating of “Moderate Buy” and a consensus price target of $113.73.

Arch Capital Group Stock Performance

ACGL stock opened at $113.24 on Friday. Arch Capital Group Ltd. has a one year low of $72.85 and a one year high of $114.69. The firm has a market cap of $42.59 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 2.07 and a beta of 0.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a 50-day simple moving average of $103.82 and a two-hundred day simple moving average of $98.71.

Arch Capital Group (NASDAQ:ACGL) last announced 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. The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. Arch Capital Group’s revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm earned $1.92 earnings per share. On average, equities analysts forecast that Arch Capital Group Ltd. will post 9.01 EPS for the current fiscal year.

Insider Buying and Selling

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $102.46, for a total value of $1,174,191.60. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at $22,723,476.34. The transaction was disclosed in a document filed with the SEC, which is available at this link. 4.20% of the stock is owned by company insiders.

Arch Capital Group Company 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.