Arch Capital Group (NASDAQ:ACGL) Insider Maamoun Rajeh Sells 48,661 Shares of Company Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) insider Maamoun Rajeh sold 48,661 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $108.54, for a total transaction of $5,281,664.94. Following the transaction, the insider owned 418,645 shares in the company, valued at $45,439,728.30. The trade was a 10.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Arch Capital Group Price Performance

Shares of ACGL traded up $0.37 during mid-day trading on Friday, hitting $109.61. 1,489,998 shares of the company traded hands, compared to its average volume of 2,328,815. Arch Capital Group Ltd. has a one year low of $87.05 and a one year high of $113.63. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average of $99.68 and a 200 day moving average of $97.54. The stock has a market capitalization of $37.40 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 3.55 and a beta of 0.22.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, October 27th. The insurance provider reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.36. Arch Capital Group had a net margin of 23.31% and a return on equity of 16.62%. The business had revenue of $4.66 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same quarter last year, the business posted $2.77 earnings per share. As a group, equities analysts expect that Arch Capital Group Ltd. will post 10.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on ACGL shares. Mizuho set a $100.00 price objective on Arch Capital Group and gave the company a “neutral” rating in a research report on Wednesday, September 16th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $106.00 target price (up from $95.00) on shares of Arch Capital Group in a research report on Tuesday, November 3rd. JPMorgan Chase & Co. cut their price target on Arch Capital Group from $118.00 to $113.00 and set a “neutral” rating on the stock in a research note on Friday, October 9th. Bank of America upped their price target on Arch Capital Group from $129.00 to $131.00 and gave the company a “buy” rating in a research note on Monday, October 12th. Finally, Wells Fargo & Company raised their price target on Arch Capital Group from $107.00 to $119.00 and gave the company an “overweight” rating in a report on Monday, November 2nd. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $111.65.

Institutional Investors Weigh In On Arch Capital Group

Several institutional investors have recently modified their holdings of ACGL. Horizons Wealth Management acquired a new position in Arch Capital Group in the third quarter valued at approximately $25,000. Torren Management LLC boosted its stake in Arch Capital Group by 66.9% in the second quarter. Torren Management LLC now owns 292 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 117 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its holdings in Arch Capital Group by 95.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 349 shares of the insurance provider’s stock worth $32,000 after acquiring an additional 170 shares during the period. Gen Wealth Partners Inc acquired a new stake in Arch Capital Group during the 3rd quarter worth $33,000. Finally, Silver Grove Financial Group Inc. grew its holdings in Arch Capital Group by 43.8% during the 3rd quarter. Silver Grove Financial Group Inc. now owns 368 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 112 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Company Profile

Arch Capital Group Ltd. is a global insurance and reinsurance company headquartered in Bermuda. Through its insurance, reinsurance and mortgage insurance operations, it provides coverage and risk-management solutions to businesses, financial institutions and other customers. The company’s offerings include property and casualty insurance, specialty coverage and reinsurance for risks such as property, casualty and professional liability. Its mortgage insurance business serves lenders and borrowers, primarily in the United States.