Hantz Financial Services Inc. Invests $681,000 in Arch Capital Group Ltd. (NASDAQ:ACGL)

Hantz Financial Services Inc. acquired a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,750 shares of the insurance provider’s stock, valued at approximately $681,000.

A number of other institutional investors also recently added to or reduced their stakes in ACGL. Vanguard Group Inc. boosted its stake in shares of Arch Capital Group by 0.3% in the first quarter. Vanguard Group Inc. now owns 40,858,890 shares of the insurance provider’s stock valued at $3,776,996,000 after buying an additional 104,008 shares in the last quarter. Capital World Investors boosted its position in shares of Arch Capital Group by 0.6% during the 4th quarter. Capital World Investors now owns 10,611,092 shares of the insurance provider’s stock worth $788,086,000 after purchasing an additional 58,862 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Arch Capital Group by 4.4% during the 2nd quarter. Principal Financial Group Inc. now owns 7,100,952 shares of the insurance provider’s stock worth $716,415,000 after purchasing an additional 300,716 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Arch Capital Group by 1.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,907,122 shares of the insurance provider’s stock valued at $546,054,000 after purchasing an additional 99,329 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Arch Capital Group in the fourth quarter valued at about $309,496,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Up 0.2 %

Shares of NASDAQ ACGL opened at $113.09 on Friday. The firm has a market cap of $42.53 billion, a P/E ratio of 8.93, a price-to-earnings-growth ratio of 2.05 and a beta of 0.58. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.60 and a current ratio of 0.60. Arch Capital Group Ltd. has a 1 year low of $72.85 and a 1 year high of $113.66. The firm’s 50 day moving average price is $100.24 and its 200 day moving average price is $96.29.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.36. The business had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. The business’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.92 earnings per share. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 9.01 earnings per share for the current year.

Analysts Set New Price Targets

ACGL has been the topic of several recent analyst reports. Wells Fargo & Company lowered their target price on shares of Arch Capital Group from $111.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. JPMorgan Chase & Co. upped their price target on Arch Capital Group from $106.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Royal Bank of Canada upped their target price on Arch Capital Group from $108.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, Evercore ISI lifted their price target on Arch Capital Group from $100.00 to $104.00 and gave the stock an “in-line” rating in a research note on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $106.50.

Insider Buying and Selling at Arch Capital Group

In other news, CFO Francois Morin sold 11,460 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the transaction, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $22,723,476.34. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.20% of the stock is owned by company 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.