Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the sale, the insider now owns 140,023 shares in the company, valued at $12,742,093. This represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Arch Capital Group Price Performance
Shares of NASDAQ:ACGL opened at $91.38 on Friday. The stock's 50 day moving average is $92.02 and its 200-day moving average is $100.21. Arch Capital Group Ltd. has a twelve month low of $87.00 and a twelve month high of $116.47. The firm has a market capitalization of $34.30 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 2.31 and a beta of 0.62. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15.
Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same period in the prior year, the firm posted $2.45 earnings per share. Sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.
Analyst Ratings Changes
Several brokerages have recently weighed in on ACGL. Morgan Stanley decreased their price target on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Bank of America decreased their target price on shares of Arch Capital Group from $143.00 to $136.00 and set a "buy" rating for the company in a research note on Friday, November 15th. Royal Bank of Canada decreased their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. UBS Group cut their price target on Arch Capital Group from $131.00 to $127.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Finally, Wells Fargo & Company cut their price target on Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $117.19.
Check Out Our Latest Stock Report on ACGL
Hedge Funds Weigh In On Arch Capital Group
Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its position in shares of Arch Capital Group by 12.8% during the third quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider's stock valued at $100,000 after purchasing an additional 101 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Arch Capital Group by 1.3% during the third quarter. Harbor Capital Advisors Inc. now owns 8,878 shares of the insurance provider's stock valued at $993,000 after purchasing an additional 116 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Arch Capital Group by 11.0% during the third quarter. Van ECK Associates Corp now owns 67,250 shares of the insurance provider's stock valued at $7,196,000 after purchasing an additional 6,669 shares in the last quarter. National Pension Service bought a new position in shares of Arch Capital Group during the third quarter valued at $64,271,000. Finally, QRG Capital Management Inc. increased its position in Arch Capital Group by 8.6% during the third quarter. QRG Capital Management Inc. now owns 37,825 shares of the insurance provider's stock valued at $4,232,000 after acquiring an additional 2,986 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.
Arch Capital Group Company Profile
(
Get Free Report)
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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