Brian Posner Sells 2,000 Shares of Arch Capital Group (NASDAQ:ACGL) Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) Director Brian Posner sold 2,000 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $17.14, for a total value of $34,280.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $93.32 on Thursday. The stock has a market capitalization of $32.61 billion, a price-to-earnings ratio of 7.17, a PEG ratio of 5.18 and a beta of 0.35. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $103.39. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average of $95.62 and a 200 day moving average of $94.56.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. The company had revenue of $4.52 billion during the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. Sell-side analysts anticipate that Arch Capital Group Ltd. will post 9.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Arch Capital Group

Large investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its position in shares of Arch Capital Group by 157.9% in the first quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock valued at $65,000 after purchasing an additional 412 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Arch Capital Group in the second quarter valued at approximately $253,000. CW Advisors LLC grew its position in shares of Arch Capital Group by 6.5% in the second quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider’s stock valued at $282,000 after purchasing an additional 189 shares in the last quarter. Jump Financial LLC acquired a new position in Arch Capital Group in the second quarter valued at approximately $667,000. Finally, Cerity Partners LLC lifted its holdings in Arch Capital Group by 11.6% in the second quarter. Cerity Partners LLC now owns 47,486 shares of the insurance provider’s stock valued at $4,324,000 after acquiring an additional 4,933 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on ACGL. Royal Bank Of Canada upped their price target on Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Wells Fargo & Company boosted their price objective on Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Morgan Stanley set a $105.00 price objective on Arch Capital Group in a research note on Friday, May 1st. Weiss Ratings upgraded Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 4th. Finally, Keefe, Bruyette & Woods cut their price objective on Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating for the company in a research note on Tuesday, May 5th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $106.32.

About Arch Capital Group

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.