Arch Capital Group (NASDAQ:ACGL) Insider Sells $941,500.00 in Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) insider Maamoun Rajeh sold 10,000 shares of Arch Capital Group stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $94.15, for a total value of $941,500.00. Following the completion of the transaction, the insider owned 433,589 shares in the company, valued at approximately $40,822,404.35. This represents a 2.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $91.71 on Thursday. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. The business’s 50-day moving average price is $89.51 and its two-hundred day moving average price is $91.18. The stock has a market cap of $34.23 billion, a PE ratio of 9.46, a P/E/G ratio of 5.57 and a beta of 0.49.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.28. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%.The firm had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter in the previous year, the business posted $2.57 earnings per share. As a group, analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Morgan Stanley set a $110.00 price target on Arch Capital Group and gave the stock an “overweight” rating in a report on Monday, May 19th. Cantor Fitzgerald upgraded Arch Capital Group to a “hold” rating in a report on Wednesday, August 13th. Cowen restated a “buy” rating on shares of Arch Capital Group in a report on Monday, August 4th. JMP Securities restated a “market outperform” rating and set a $125.00 price target on shares of Arch Capital Group in a report on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods boosted their price target on Arch Capital Group from $102.00 to $103.00 and gave the stock a “market perform” rating in a report on Thursday, August 14th. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $111.27.

Institutional Trading of Arch Capital Group

Institutional investors have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Arch Capital Group by 14.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,804 shares of the insurance provider’s stock valued at $4,924,000 after acquiring an additional 6,406 shares during the last quarter. DAVENPORT & Co LLC bought a new stake in Arch Capital Group in the first quarter valued at approximately $251,000. D.A. Davidson & CO. boosted its holdings in Arch Capital Group by 10.9% in the first quarter. D.A. Davidson & CO. now owns 45,552 shares of the insurance provider’s stock valued at $4,381,000 after acquiring an additional 4,460 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Arch Capital Group by 24.7% in the first quarter. Crossmark Global Holdings Inc. now owns 37,625 shares of the insurance provider’s stock valued at $3,619,000 after acquiring an additional 7,448 shares during the last quarter. Finally, World Investment Advisors boosted its holdings in Arch Capital Group by 114.1% in the first quarter. World Investment Advisors now owns 6,321 shares of the insurance provider’s stock valued at $608,000 after acquiring an additional 3,369 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

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.