Arch Capital Group (NASDAQ:ACGL) CFO Francois Morin Sells 11,010 Shares of Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) CFO Francois Morin sold 11,010 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $99.32, for a total value of $1,093,513.20. Following the transaction, the chief financial officer owned 184,826 shares of the company’s stock, valued at $18,356,918.32. The trade was a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Arch Capital Group Trading Up 0.8%

Shares of NASDAQ:ACGL traded up $0.78 during mid-day trading on Thursday, reaching $99.31. The stock had a trading volume of 1,516,580 shares, compared to its average volume of 2,087,279. The firm has a market cap of $33.89 billion, a PE ratio of 7.76, a price-to-earnings-growth ratio of 10.36 and a beta of 0.31. The firm has a 50 day simple moving average of $98.61 and a two-hundred day simple moving average of $96.70. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.23. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $107.08.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.09. The business had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.36 billion. Arch Capital Group had a net margin of 24.40% and a return on equity of 17.06%. During the same quarter last year, the firm earned $2.58 EPS. On average, research analysts predict that Arch Capital Group Ltd. will post 9.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ACGL. Morgan Stanley boosted their price target on shares of Arch Capital Group from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Wells Fargo & Company lifted their target price on Arch Capital Group from $114.00 to $117.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $120.00 target price (up from $115.00) on shares of Arch Capital Group in a research note on Thursday, July 30th. JPMorgan Chase & Co. increased their price target on Arch Capital Group from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Arch Capital Group in a research report on Wednesday, July 29th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Arch Capital Group has an average rating of “Hold” and a consensus target price of $111.11.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc boosted its position in shares of Arch Capital Group by 4.3% during the fourth quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider’s stock worth $282,405,000 after buying an additional 121,090 shares during the period. National Pension Service grew its holdings in shares of Arch Capital Group by 8.5% during the fourth quarter. National Pension Service now owns 683,272 shares of the insurance provider’s stock worth $65,539,000 after buying an additional 53,661 shares in the last quarter. Oxbow Advisors LLC raised its position in Arch Capital Group by 83.7% in the 4th quarter. Oxbow Advisors LLC now owns 84,290 shares of the insurance provider’s stock valued at $8,085,000 after buying an additional 38,402 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Arch Capital Group by 295.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 50,073 shares of the insurance provider’s stock valued at $4,860,000 after buying an additional 37,416 shares during the last quarter. Finally, Schwartz Investment Counsel Inc. bought a new stake in Arch Capital Group in the 4th quarter valued at approximately $9,592,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Company Profile

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.