Global X Management Co. LLC lowered its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 10.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,844 shares of the insurance provider’s stock after selling 943 shares during the period. Global X Management Co. LLC’s holdings in Arch Capital Group were worth $732,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Capital One National Association boosted its stake in Arch Capital Group by 0.3% in the second quarter. Capital One National Association now owns 2,263 shares of the insurance provider’s stock valued at $211,000 after buying an additional 7 shares in the last quarter. Creative Planning boosted its stake in Arch Capital Group by 0.6% in the first quarter. Creative Planning now owns 3,404 shares of the insurance provider’s stock valued at $323,000 after buying an additional 19 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Arch Capital Group by 0.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,618 shares of the insurance provider’s stock valued at $248,000 after buying an additional 22 shares in the last quarter. Gateway Investment Advisers LLC boosted its stake in Arch Capital Group by 0.9% in the second quarter. Gateway Investment Advisers LLC now owns 2,855 shares of the insurance provider’s stock valued at $266,000 after buying an additional 26 shares in the last quarter. Finally, Arthur M. Cohen & Associates LLC boosted its stake in Arch Capital Group by 0.3% in the first quarter. Arthur M. Cohen & Associates LLC now owns 11,875 shares of the insurance provider’s stock valued at $1,125,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 72.95% of the company’s stock.

Shares of Arch Capital Group Ltd. (ACGL) opened at 96.92 on Wednesday. The company has a 50 day moving average of $96.42 and a 200 day moving average of $95.00. Arch Capital Group Ltd. has a 52-week low of $76.47 and a 52-week high of $99.47. The firm has a market capitalization of $13.03 billion, a PE ratio of 17.63 and a beta of 0.67.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.01. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.28 billion. Arch Capital Group had a return on equity of 8.76% and a net margin of 15.65%. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.13 EPS. On average, analysts anticipate that Arch Capital Group Ltd. will post $5.35 earnings per share for the current fiscal year.

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Several equities research analysts have issued reports on the stock. Wells Fargo & Company reaffirmed a “hold” rating on shares of Arch Capital Group in a research note on Wednesday, April 26th. Morgan Stanley raised their price target on shares of Arch Capital Group from $90.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Friday, April 28th. BidaskClub raised shares of Arch Capital Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $95.00 price target on shares of Arch Capital Group in a research note on Tuesday, July 4th. Finally, Zacks Investment Research cut shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $92.55.

In other Arch Capital Group news, CEO Constantine Iordanou sold 62,832 shares of Arch Capital Group stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $95.02, for a total transaction of $5,970,296.64. Following the transaction, the chief executive officer now owns 108,851 shares of the company’s stock, valued at approximately $10,343,022.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Nicolas Papadopoulo sold 20,000 shares of Arch Capital Group stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $95.39, for a total value of $1,907,800.00. Following the transaction, the chief executive officer now directly owns 244,912 shares in the company, valued at approximately $23,362,155.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 203,756 shares of company stock worth $19,562,718. Corporate insiders own 6.60% of the company’s stock.

About Arch Capital Group

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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