Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 23,436 shares of the insurance provider’s stock after selling 342 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Arch Capital Group were worth $2,364,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Janney Montgomery Scott LLC boosted its position in shares of Arch Capital Group by 19.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 89,148 shares of the insurance provider’s stock worth $6,621,000 after purchasing an additional 14,233 shares during the period. Gladstone Capital Management LLP boosted its position in shares of Arch Capital Group by 52.8% during the fourth quarter. Gladstone Capital Management LLP now owns 1,385,307 shares of the insurance provider’s stock worth $102,887,000 after buying an additional 478,570 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Arch Capital Group by 61.6% in 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 valued at $237,017,000 after buying an additional 1,216,080 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in Arch Capital Group by 5.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 431,105 shares of the insurance provider’s stock worth $39,851,000 after acquiring an additional 21,332 shares in the last quarter. Finally, Alaska Permanent Fund Corp boosted its holdings in Arch Capital Group by 42.2% during the 1st quarter. Alaska Permanent Fund Corp now owns 54,578 shares of the insurance provider’s stock valued at $5,045,000 after acquiring an additional 16,208 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insider Activity

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the firm’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 transaction, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at approximately $22,723,476.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.20% of the company’s stock.

Arch Capital Group Stock Up 0.2 %

Shares of NASDAQ:ACGL traded up $0.28 during trading on Friday, hitting $113.09. 2,739,205 shares of the company were exchanged, compared to its average volume of 1,632,213. The firm’s 50 day moving average price is $100.01 and its 200-day moving average price is $96.00. Arch Capital Group Ltd. has a 12-month low of $72.85 and a 12-month high of $113.66. 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 stock has a market capitalization of $42.46 billion, a P/E ratio of 8.90, a PEG ratio of 1.86 and a beta of 0.58.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.36. The firm had revenue of $3.78 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.92 earnings per share. On average, research analysts predict that Arch Capital Group Ltd. will post 9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ACGL. Evercore ISI increased their price target on shares of 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. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Arch Capital Group from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, July 1st. Roth Mkm lifted their target price on Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, Wells Fargo & Company cut their price target on Arch Capital Group from $111.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $106.50.

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.