Crossmark Global Holdings Inc. Increases Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Crossmark Global Holdings Inc. increased its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 24.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,625 shares of the insurance provider's stock after buying an additional 7,448 shares during the period. Crossmark Global Holdings Inc.'s holdings in Arch Capital Group were worth $3,619,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ACGL. Resonant Capital Advisors LLC raised its stake in Arch Capital Group by 1.7% during the first quarter. Resonant Capital Advisors LLC now owns 6,672 shares of the insurance provider's stock worth $642,000 after purchasing an additional 113 shares during the period. Cim LLC raised its stake in Arch Capital Group by 1.1% during the fourth quarter. Cim LLC now owns 11,194 shares of the insurance provider's stock worth $1,034,000 after purchasing an additional 124 shares during the period. CreativeOne Wealth LLC raised its stake in Arch Capital Group by 4.9% during the fourth quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider's stock worth $248,000 after purchasing an additional 126 shares during the period. HBK Sorce Advisory LLC raised its stake in Arch Capital Group by 5.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider's stock worth $219,000 after purchasing an additional 127 shares during the period. Finally, Aurora Investment Managers LLC. raised its stake in Arch Capital Group by 0.6% during the first quarter. Aurora Investment Managers LLC. now owns 22,530 shares of the insurance provider's stock worth $2,167,000 after purchasing an additional 135 shares during the period. Institutional investors and hedge funds own 89.07% of the company's stock.

Wall Street Analysts Forecast Growth

ACGL has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price objective on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Jefferies Financial Group lowered shares of Arch Capital Group from a "buy" rating to a "hold" rating and lowered their price target for the company from $106.00 to $100.00 in a report on Tuesday, June 10th. JMP Securities reaffirmed a "market outperform" rating and set a $125.00 price target on shares of Arch Capital Group in a report on Wednesday, April 30th. Wells Fargo & Company raised their price target on shares of Arch Capital Group from $106.00 to $108.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Barclays lowered their price target on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $114.27.

Arch Capital Group Trading Up 0.9%

Arch Capital Group stock opened at $90.21 on Wednesday. The firm's 50-day moving average is $92.13 and its 200-day moving average is $92.11. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56. Arch Capital Group Ltd. has a 1 year low of $82.49 and a 1 year high of $116.47. The company has a market cap of $33.81 billion, a P/E ratio of 9.24, a PEG ratio of 6.18 and a beta of 0.51.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). The business had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.75 billion. Arch Capital Group had a return on equity of 15.79% and a net margin of 20.72%. The company's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.45 earnings per share. On average, equities analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insider Activity

In related news, insider Louis T. Petrillo sold 16,650 shares of Arch Capital Group stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.53, for a total value of $1,573,924.50. Following the sale, the insider directly owned 140,023 shares in the company, valued at $13,236,374.19. This trade represents a 10.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Francois Morin sold 12,630 shares of Arch Capital Group stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the completion of the sale, the chief financial officer owned 274,681 shares in the company, valued at approximately $25,979,328.98. This represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 111,976 shares of company stock valued at $10,531,038. 4.10% of the stock is owned by company insiders.

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.

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