Brian Posner Sells 3,000 Shares of Arch Capital Group (NASDAQ:ACGL) Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) Director Brian Posner sold 3,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total value of $58,980.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Arch Capital Group Stock Performance

Shares of ACGL opened at $91.19 on Friday. The business’s fifty day moving average price is $94.86 and its 200 day moving average price is $95.04. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $103.39. The stock has a market capitalization of $31.86 billion, a PE ratio of 7.00, a price-to-earnings-growth ratio of 4.85 and a beta of 0.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. The company had revenue of $4.52 billion for the quarter. Equities research analysts forecast that Arch Capital Group Ltd. will post 9.29 EPS for the current year.

Institutional Investors Weigh In On Arch Capital Group

Several large investors have recently added to or reduced their stakes in ACGL. Elyxium Wealth LLC acquired a new stake in Arch Capital Group in the fourth quarter worth $27,000. WealthCollab LLC grew its stake in shares of Arch Capital Group by 410.3% in the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 238 shares in the last quarter. JPL Wealth Management LLC bought a new position in shares of Arch Capital Group in the third quarter worth $28,000. Grove Bank & Trust bought a new position in shares of Arch Capital Group in the fourth quarter worth $30,000. Finally, Aventura Private Wealth LLC bought a new position in shares of Arch Capital Group in the fourth quarter worth $30,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ACGL shares. Weiss Ratings downgraded shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Morgan Stanley set a $105.00 price target on shares of Arch Capital Group in a research report on Friday, May 1st. JPMorgan Chase & Co. reduced their price target on shares of Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Royal Bank Of Canada upped their price objective on Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Finally, Mizuho dropped their target price on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $106.32.

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.