Insider Selling: Arch Capital Group Ltd. (NASDAQ:ACGL) CFO Sells 12,630 Shares of Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) CFO Francois Morin sold 12,630 shares of Arch Capital Group stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the transaction, the chief financial officer now owns 274,681 shares of the company’s stock, valued at $25,979,328.98. This represents a 4.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Arch Capital Group Stock Down 1.0%

Arch Capital Group stock traded down $0.97 on Tuesday, hitting $94.19. 1,460,593 shares of the stock traded hands, compared to its average volume of 1,730,619. The business’s fifty day simple moving average is $92.59 and its 200 day simple moving average is $93.45. The firm has a market cap of $35.30 billion, a P/E ratio of 8.41, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 1 year low of $82.49 and a 1 year high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.05). Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The firm had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.75 billion. During the same quarter in the previous year, the firm earned $2.45 earnings per share. Arch Capital Group’s revenue was up 10.5% on a year-over-year basis. As a group, sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Institutional Investors Weigh In On Arch Capital Group

Hedge funds have recently modified their holdings of the business. Capital A Wealth Management LLC purchased a new stake in shares of Arch Capital Group during the fourth quarter worth about $25,000. Meeder Asset Management Inc. lifted its position in Arch Capital Group by 116.3% during the first quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Bartlett & CO. Wealth Management LLC purchased a new position in shares of Arch Capital Group in the 1st quarter worth $27,000. Wayfinding Financial LLC bought a new stake in Arch Capital Group during the first quarter worth approximately $31,000. Finally, Zions Bancorporation National Association UT purchased a new stake in Arch Capital Group during the 1st quarter valued at $37,000. Institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

ACGL has been the topic of several analyst reports. Royal Bank of Canada cut their target price on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods raised their price objective on shares of Arch Capital Group from $104.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, May 6th. Jefferies Financial Group boosted their target price on Arch Capital Group from $105.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, April 11th. JPMorgan Chase & Co. lifted their price target on Arch Capital Group from $106.00 to $107.00 and gave the company a “neutral” rating in a research report on Tuesday, April 8th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $125.00 target price on shares of Arch Capital Group in a research note on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Arch Capital Group currently has a consensus rating of “Moderate Buy” and an average price target of $115.00.

Arch Capital Group Company 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.