Thrivent Financial for Lutherans Purchases 32,115 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Thrivent Financial for Lutherans grew its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,882,387 shares of the insurance provider’s stock after buying an additional 32,115 shares during the period. Thrivent Financial for Lutherans owned approximately 0.50% of Arch Capital Group worth $189,914,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Sei Investments Co. increased its position in Arch Capital Group by 1.8% during the 2nd quarter. Sei Investments Co. now owns 998,974 shares of the insurance provider’s stock worth $100,787,000 after buying an additional 17,492 shares during the period. Pacer Advisors Inc. increased its position in shares of Arch Capital Group by 28.0% in the second quarter. Pacer Advisors Inc. now owns 35,538 shares of the insurance provider’s stock worth $3,585,000 after purchasing an additional 7,768 shares during the period. Skandinaviska Enskilda Banken AB publ increased its position in shares of Arch Capital Group by 214.0% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 237,908 shares of the insurance provider’s stock worth $24,004,000 after purchasing an additional 162,147 shares during the period. AE Wealth Management LLC increased its position in shares of Arch Capital Group by 15.2% in the second quarter. AE Wealth Management LLC now owns 2,543 shares of the insurance provider’s stock worth $257,000 after purchasing an additional 336 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in shares of Arch Capital Group by 12.7% in the second quarter. Canada Pension Plan Investment Board now owns 287,091 shares of the insurance provider’s stock worth $28,965,000 after purchasing an additional 32,370 shares during the period. Institutional investors own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ACGL. Evercore ISI raised their price target on Arch Capital Group from $100.00 to $104.00 and gave the stock an “in-line” rating in a research report on Wednesday, July 31st. Wells Fargo & Company decreased their price target on 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. Deutsche Bank Aktiengesellschaft lifted their target price on Arch Capital Group from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, July 1st. TD Cowen lifted their target price on Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a research report on Friday. Finally, StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Arch Capital Group has an average rating of “Moderate Buy” and an average price target of $113.73.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at $22,723,476.34. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 4.20% of the company’s stock.

Arch Capital Group Price Performance

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

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period in the previous year, the firm earned $1.92 earnings per share. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. As a group, research analysts expect that Arch Capital Group Ltd. will post 9.01 EPS for the current year.

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.