Thrivent Financial for Lutherans Trims Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Thrivent Financial for Lutherans lowered its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 13.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,541,999 shares of the insurance provider's stock after selling 236,009 shares during the period. Thrivent Financial for Lutherans owned approximately 0.41% of Arch Capital Group worth $142,496,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in Arch Capital Group during the third quarter worth approximately $25,000. Cullen Frost Bankers Inc. acquired a new stake in Arch Capital Group in the fourth quarter valued at approximately $37,000. Golden State Wealth Management LLC acquired a new stake in Arch Capital Group in the fourth quarter valued at approximately $42,000. Y.D. More Investments Ltd grew its stake in Arch Capital Group by 125.6% in the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 260 shares during the period. Finally, UMB Bank n.a. grew its stake in Arch Capital Group by 97.0% in the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock valued at $78,000 after acquiring an additional 414 shares during the period. Institutional investors and hedge funds own 89.07% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wells Fargo & Company reduced their price objective on Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a research note on Wednesday, February 12th. Royal Bank of Canada reduced their price objective on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods dropped their target price on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Barclays dropped their target price on Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating on the stock in a report on Monday, January 6th. Finally, UBS Group dropped their target price on Arch Capital Group from $131.00 to $127.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $117.19.

Remove Ads

Insider Activity

In other news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the transaction, the insider now directly owns 140,023 shares in the company, valued at approximately $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.20% of the stock is owned by company insiders.

Arch Capital Group Stock Performance

Shares of ACGL traded down $0.47 during mid-day trading on Friday, hitting $91.98. The stock had a trading volume of 3,427,158 shares, compared to its average volume of 1,657,568. The firm has a market cap of $34.53 billion, a P/E ratio of 8.21, a PEG ratio of 2.31 and a beta of 0.62. The business has a fifty day moving average price of $91.99 and a 200-day moving average price of $98.85. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. Arch Capital Group Ltd. has a 52 week low of $87.42 and a 52 week high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same period last year, the firm earned $2.45 EPS. On average, equities research analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

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.