Arch Capital Group Ltd. (NASDAQ:ACGL) hit a new 52-week high on Tuesday . The company traded as high as $82.42 and last traded at $82.31, with a volume of 253,360 shares changing hands. The stock had previously closed at $81.75.

A number of equities research analysts have recently weighed in on the company. RBC Capital Markets reiterated an “outperform” rating and issued a $87.00 price target (up from $80.00) on shares of Arch Capital Group in a report on Wednesday, August 17th. Keefe, Bruyette & Woods boosted their price target on Arch Capital Group from $78.00 to $86.00 and gave the company a “market perform” rating in a report on Wednesday, August 17th. Royal Bank Of Canada boosted their price target on Arch Capital Group from $80.00 to $87.00 and gave the company an “outperform” rating in a report on Wednesday, August 17th. MKM Partners boosted their price target on Arch Capital Group from $85.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, August 30th. Finally, Zacks Investment Research downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $79.69.

The firm has a market capitalization of $9.94 billion and a P/E ratio of 21.30. The stock has a 50-day moving average price of $75.36 and a 200 day moving average price of $71.66.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Wednesday, July 27th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.17. During the same period in the prior year, the company posted $1.16 EPS. Equities research analysts expect that Arch Capital Group Ltd. will post $4.32 earnings per share for the current fiscal year.

In related news, CEO David Mcelroy sold 25,000 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $79.27, for a total transaction of $1,981,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Constantine Iordanou sold 50,000 shares of the stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $79.50, for a total value of $3,975,000.00. Following the sale, the chief executive officer now owns 243,030 shares of the company’s stock, valued at approximately $19,320,885. The disclosure for this sale can be found here.

Arch Capital Group Ltd. writes insurance and reinsurance on worldwide basis. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The Company’s insurance, reinsurance and mortgage segments are underwriting segments. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other, which includes alternative market risks and excess workers’ compensation.

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