Thrivent Financial for Lutherans Raises Holdings in Arch Capital Group Ltd. $ACGL

Thrivent Financial for Lutherans increased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,639,158 shares of the insurance provider’s stock after buying an additional 16,798 shares during the period. Thrivent Financial for Lutherans’ holdings in Arch Capital Group were worth $148,720,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Mainstay Capital Management LLC ADV purchased a new position in Arch Capital Group during the 2nd quarter valued at about $363,000. Cooke & Bieler LP purchased a new position in Arch Capital Group during the third quarter valued at approximately $210,856,000. Citizens Financial Group Inc. RI raised its stake in Arch Capital Group by 632.6% in the third quarter. Citizens Financial Group Inc. RI now owns 17,362 shares of the insurance provider’s stock worth $1,575,000 after buying an additional 14,992 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in Arch Capital Group by 550.1% during the second quarter. Osaic Holdings Inc. now owns 109,984 shares of the insurance provider’s stock worth $10,513,000 after buying an additional 93,067 shares during the period. Finally, Bryn Mawr Trust Advisors LLC purchased a new stake in Arch Capital Group during the second quarter worth $371,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ACGL shares. Royal Bank Of Canada set a $108.00 price target on Arch Capital Group and gave the stock an “outperform” rating in a research report on Monday, November 24th. Citigroup reiterated a “market outperform” rating on shares of Arch Capital Group in a report on Friday, January 16th. Keefe, Bruyette & Woods raised their price target on shares of Arch Capital Group from $100.00 to $102.00 and gave the company a “market perform” rating in a report on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Arch Capital Group in a research report on Wednesday, January 21st. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $97.00 target price (up previously from $93.00) on shares of Arch Capital Group in a research report on Wednesday, January 14th. Eight investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $107.53.

Insider Buying and Selling

In related news, CFO Francois Morin sold 8,000 shares of the business’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $94.62, for a total value of $756,960.00. Following the completion of the sale, the chief financial officer owned 266,681 shares of the company’s stock, valued at approximately $25,233,356.22. The trade was a 2.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John M. Pasquesi sold 8,800 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $94.17, for a total transaction of $828,696.00. Following the transaction, the insider directly owned 289,556 shares in the company, valued at approximately $27,267,488.52. The trade was a 2.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 220,666 shares of company stock valued at $20,728,673 over the last 90 days. Company insiders own 4.20% of the company’s stock.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock opened at $96.04 on Friday. The firm has a market cap of $34.83 billion, a PE ratio of 8.98, a P/E/G ratio of 2.01 and a beta of 0.45. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $97.60. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $93.95 and a 200 day moving average price of $91.17.

Arch Capital Group Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.