Crossmark Global Holdings Inc. Buys New Holdings in Arch Capital Group Ltd. (ACGL)

Crossmark Global Holdings Inc. bought a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,738 shares of the insurance provider’s stock, valued at approximately $368,000.

Several other hedge funds have also bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. grew its holdings in Arch Capital Group by 5.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 33,860 shares of the insurance provider’s stock valued at $3,335,000 after buying an additional 1,854 shares in the last quarter. Pictet Asset Management Ltd. grew its holdings in Arch Capital Group by 4.6% in the 3rd quarter. Pictet Asset Management Ltd. now owns 50,200 shares of the insurance provider’s stock valued at $4,945,000 after buying an additional 2,200 shares in the last quarter. First Trust Advisors LP grew its holdings in Arch Capital Group by 53.6% in the 3rd quarter. First Trust Advisors LP now owns 136,092 shares of the insurance provider’s stock valued at $13,405,000 after buying an additional 47,494 shares in the last quarter. Gilman Hill Asset Management LLC acquired a new position in Arch Capital Group in the 3rd quarter valued at $296,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in Arch Capital Group in the 3rd quarter valued at $631,000. 74.37% of the stock is currently owned by institutional investors and hedge funds.

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) opened at $95.66 on Friday. The stock has a market capitalization of $12,530.00, a price-to-earnings ratio of 32.19, a PEG ratio of 2.69 and a beta of 0.70. Arch Capital Group Ltd. has a 1-year low of $80.50 and a 1-year high of $102.60. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.49.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.59) by ($0.20). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.16 billion. Arch Capital Group had a return on equity of 5.57% and a net margin of 9.44%. The business’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same period last year, the company posted $1.14 earnings per share. research analysts anticipate that Arch Capital Group Ltd. will post 3.23 earnings per share for the current year.

In other news, CEO Nicolas Papadopoulo sold 54,554 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $95.53, for a total transaction of $5,211,543.62. Following the sale, the chief executive officer now directly owns 147,481 shares of the company’s stock, valued at approximately $14,088,859.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew Rippert sold 3,500 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $94.25, for a total value of $329,875.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 187,633 shares of company stock worth $17,864,402. 6.60% of the stock is currently owned by insiders.

A number of research analysts have commented on ACGL shares. Keefe, Bruyette & Woods set a $100.00 price objective on Arch Capital Group and gave the company a “hold” rating in a report on Friday, August 11th. Buckingham Research started coverage on Arch Capital Group in a report on Monday, September 11th. They issued a “buy” rating and a $106.00 price objective on the stock. UBS AG decreased their price objective on Arch Capital Group from $114.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, September 19th. Zacks Investment Research lowered Arch Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Finally, Barclays PLC upped their price objective on Arch Capital Group from $91.00 to $95.00 and gave the company an “equal weight” rating in a report on Monday, October 16th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Arch Capital Group has a consensus rating of “Hold” and a consensus target price of $100.70.

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Arch Capital Group Profile

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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