Inspire Investing LLC Trims Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Inspire Investing LLC lowered its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 6.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 10,551 shares of the insurance provider’s stock after selling 750 shares during the quarter. Inspire Investing LLC’s holdings in Arch Capital Group were worth $975,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Householder Group Estate & Retirement Specialist LLC acquired a new position in Arch Capital Group in the 4th quarter worth about $27,000. Larson Financial Group LLC acquired a new stake in shares of Arch Capital Group in the fourth quarter valued at about $30,000. Richardson Financial Services Inc. purchased a new stake in shares of Arch Capital Group during the fourth quarter worth about $33,000. CVA Family Office LLC purchased a new stake in shares of Arch Capital Group during the fourth quarter worth about $47,000. Finally, Indiana Trust & Investment Management CO acquired a new position in shares of Arch Capital Group during the 1st quarter worth about $58,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Stock Down 0.1 %

Shares of ACGL opened at $97.11 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market capitalization of $36.46 billion, a PE ratio of 7.66, a P/E/G ratio of 1.62 and a beta of 0.58. The company’s 50-day simple moving average is $99.98 and its 200-day simple moving average is $91.51. Arch Capital Group Ltd. has a 1 year low of $72.85 and a 1 year high of $103.79.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, topping the consensus estimate of $2.06 by $0.39. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the previous year, the firm posted $1.73 earnings per share. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. Analysts forecast that Arch Capital Group Ltd. will post 8.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ACGL. Wells Fargo & Company lifted their price objective on Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft raised their price objective on Arch Capital Group from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, July 1st. StockNews.com raised shares of Arch Capital Group from a “hold” rating to a “buy” rating in a report on Thursday, July 4th. Morgan Stanley raised their price target on shares of Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Finally, JPMorgan Chase & Co. increased their price target on Arch Capital Group from $96.00 to $106.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $102.87.

Insider Buying and Selling

In related news, CEO David Gansberg sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $96.64, for a total transaction of $966,400.00. Following the sale, the chief executive officer now directly owns 228,035 shares in the company, valued at $22,037,302.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.20% of the stock is currently owned by insiders.

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.