Arch Capital Group Ltd. (ACGL) Insider Sells $823,302.06 in Stock

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Arch Capital Group Ltd. (NASDAQ:ACGL) insider Louis T. Petrillo sold 23,982 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $34.33, for a total transaction of $823,302.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

ACGL stock opened at $33.78 on Monday. The firm has a market cap of $13.64 billion, a P/E ratio of 15.35, a PEG ratio of 1.18 and a beta of 0.70. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.30. Arch Capital Group Ltd. has a one year low of $24.79 and a one year high of $34.60.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Tuesday, April 30th. The insurance provider reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.05. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.28 billion. Arch Capital Group had a net margin of 17.93% and a return on equity of 10.24%. The firm’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the business earned $1.69 earnings per share. Research analysts predict that Arch Capital Group Ltd. will post 2.63 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in Arch Capital Group by 14.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 342,236 shares of the insurance provider’s stock valued at $10,202,000 after buying an additional 44,162 shares in the last quarter. Legal & General Group Plc increased its position in Arch Capital Group by 8.1% in the 3rd quarter. Legal & General Group Plc now owns 2,303,601 shares of the insurance provider’s stock valued at $68,626,000 after buying an additional 171,958 shares in the last quarter. Vanguard Group Inc increased its position in Arch Capital Group by 0.4% in the 3rd quarter. Vanguard Group Inc now owns 33,874,589 shares of the insurance provider’s stock valued at $1,009,802,000 after buying an additional 144,152 shares in the last quarter. Oakbrook Investments LLC increased its position in Arch Capital Group by 71.1% in the 4th quarter. Oakbrook Investments LLC now owns 16,600 shares of the insurance provider’s stock valued at $444,000 after buying an additional 6,900 shares in the last quarter. Finally, Bank of Montreal Can increased its position in Arch Capital Group by 9.6% in the 4th quarter. Bank of Montreal Can now owns 306,024 shares of the insurance provider’s stock valued at $8,177,000 after buying an additional 26,689 shares in the last quarter. Institutional investors own 81.04% of the company’s stock.

A number of research firms have recently weighed in on ACGL. BidaskClub upgraded shares of Arch Capital Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 4th. Morgan Stanley set a $32.00 price objective on shares of Arch Capital Group and gave the stock a “hold” rating in a research note on Friday. Wells Fargo & Co reiterated a “hold” rating and issued a $32.00 price objective on shares of Arch Capital Group in a research note on Tuesday, April 30th. Zacks Investment Research lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Finally, ValuEngine upgraded shares of Arch Capital Group from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $32.67.

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About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; 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.

See Also: Dividend Aristocrat Index

Insider Buying and Selling by Quarter for Arch Capital Group (NASDAQ:ACGL)

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