Arch Capital Group (NASDAQ:ACGL) Insider Sells $828,696.00 in Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) insider John Pasquesi sold 8,800 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $94.17, for a total value of $828,696.00. Following the sale, the insider owned 289,556 shares in the company, valued at $27,267,488.52. The trade was a 2.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Arch Capital Group Stock Performance

Shares of ACGL traded down $0.14 during mid-day trading on Tuesday, hitting $95.58. The stock had a trading volume of 2,415,729 shares, compared to its average volume of 2,007,028. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $97.40. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.13. The company has a market cap of $34.66 billion, a PE ratio of 8.94, a PEG ratio of 2.19 and a beta of 0.47. The company’s fifty day simple moving average is $90.53 and its two-hundred day simple moving average is $90.34.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $1.01. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.The firm had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.39 billion. During the same period last year, the business posted $1.99 earnings per share. On average, equities analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Arch Capital Group in the second quarter worth $441,551,000. Cooke & Bieler LP acquired a new stake in Arch Capital Group in the third quarter worth about $210,856,000. First Trust Advisors LP lifted its holdings in Arch Capital Group by 409.5% in the third quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock worth $257,278,000 after purchasing an additional 2,279,147 shares during the period. Ameriprise Financial Inc. grew its position in Arch Capital Group by 289.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,368,648 shares of the insurance provider’s stock valued at $124,615,000 after buying an additional 1,016,919 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in Arch Capital Group by 112.4% during the 3rd quarter. Two Sigma Investments LP now owns 1,895,222 shares of the insurance provider’s stock valued at $171,953,000 after buying an additional 1,003,004 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on ACGL shares. Wolfe Research assumed coverage on shares of Arch Capital Group in a report on Monday, September 15th. They issued a “peer perform” rating for the company. The Goldman Sachs Group set a $88.00 target price on Arch Capital Group and gave the company a “sell” rating in a research note on Tuesday, October 14th. Morgan Stanley upped their target price on Arch Capital Group from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, November 17th. JPMorgan Chase & Co. raised their price target on Arch Capital Group from $110.00 to $111.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Finally, Mizuho set a $95.00 price objective on Arch Capital Group and gave the stock a “neutral” rating in a research note on Monday. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $106.00.

About Arch Capital Group

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.