Inspire Advisors LLC Has $598,000 Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Inspire Advisors LLC reduced its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,348 shares of the insurance provider’s stock after selling 240 shares during the quarter. Inspire Advisors LLC’s holdings in Arch Capital Group were worth $598,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. acquired a new position in shares of Arch Capital Group in the 2nd quarter valued at approximately $30,000. Baldwin Brothers LLC MA grew its position in shares of Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 104 shares during the period. Rothschild Investment LLC acquired a new position in shares of Arch Capital Group in the 2nd quarter valued at approximately $35,000. LRI Investments LLC acquired a new position in shares of Arch Capital Group in the 1st quarter valued at approximately $38,000. Finally, Versant Capital Management Inc grew its position in shares of Arch Capital Group by 40.3% in the 2nd quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock valued at $46,000 after purchasing an additional 131 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Stock Up 0.3 %

ACGL opened at $108.53 on Friday. Arch Capital Group Ltd. has a 1-year low of $72.85 and a 1-year high of $116.47. The stock’s fifty day simple moving average is $110.05 and its 200 day simple moving average is $101.82. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16. The stock has a market cap of $40.75 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 2.06 and a beta of 0.59.

Arch Capital Group (NASDAQ:ACGL) last posted 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. 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 analysts’ expectations of $3.89 billion. During the same quarter in the prior year, the business earned $1.92 EPS. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, research analysts expect that Arch Capital Group Ltd. will post 9.07 earnings per share for the current year.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the company’s stock in a transaction 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 4.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ACGL shares. Royal Bank of Canada boosted their price objective on Arch Capital Group from $108.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Barclays assumed coverage on Arch Capital Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 price target for the company. Keefe, Bruyette & Woods upped their price target on Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. TD Cowen upped their price target on Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Finally, Bank of America upped their price target on Arch Capital Group from $119.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Arch Capital Group has an average rating of “Moderate Buy” and a consensus target price of $119.53.

Arch Capital Group 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.