Arch Capital Group Ltd. (NASDAQ:ACGL) CEO Constantine Iordanou sold 50,000 shares of Arch Capital Group stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $97.88, for a total transaction of $4,894,000.00. Following the sale, the chief executive officer now owns 171,901 shares in the company, valued at approximately $16,825,669.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Constantine Iordanou also recently made the following trade(s):

  • On Wednesday, May 31st, Constantine Iordanou sold 62,832 shares of Arch Capital Group stock. The shares were sold at an average price of $95.02, for a total transaction of $5,970,296.64.
  • On Monday, May 22nd, Constantine Iordanou sold 37,168 shares of Arch Capital Group stock. The shares were sold at an average price of $95.52, for a total transaction of $3,550,287.36.

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) opened at 98.05 on Friday. The company has a market cap of $13.19 billion, a PE ratio of 17.83 and a beta of 0.67. The company has a 50-day moving average of $95.50 and a 200 day moving average of $94.38. Arch Capital Group Ltd. has a 12 month low of $73.22 and a 12 month high of $99.47.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.01. Arch Capital Group had a return on equity of 9.09% and a net margin of 15.65%. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the company earned $1.13 EPS. The firm’s revenue was up 22.0% compared to the same quarter last year. On average, analysts anticipate that Arch Capital Group Ltd. will post $5.36 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP increased its position in Arch Capital Group by 6.0% in the second quarter. Marshall Wace LLP now owns 81,728 shares of the insurance provider’s stock valued at $7,601,000 after buying an additional 4,615 shares in the last quarter. Marshall Wace North America L.P. increased its position in Arch Capital Group by 84.7% in the second quarter. Marshall Wace North America L.P. now owns 9,724 shares of the insurance provider’s stock valued at $904,000 after buying an additional 4,459 shares in the last quarter. KBC Group NV increased its position in Arch Capital Group by 144.4% in the second quarter. KBC Group NV now owns 137,263 shares of the insurance provider’s stock valued at $12,805,000 after buying an additional 81,107 shares in the last quarter. Legal & General Group Plc increased its position in Arch Capital Group by 9.4% in the second quarter. Legal & General Group Plc now owns 740,439 shares of the insurance provider’s stock valued at $69,088,000 after buying an additional 63,379 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its position in Arch Capital Group by 152.0% in the second quarter. State of Wisconsin Investment Board now owns 86,703 shares of the insurance provider’s stock valued at $8,089,000 after buying an additional 52,300 shares in the last quarter. 73.13% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on ACGL. BidaskClub cut shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Zacks Investment Research cut shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Wells Fargo & Co reiterated a “hold” rating on shares of Arch Capital Group in a research report on Wednesday, April 26th. Morgan Stanley lifted their price objective on shares of Arch Capital Group from $90.00 to $96.00 and gave the company an “equal weight” rating in a research report on Friday, April 28th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $95.00 price objective on shares of Arch Capital Group in a research report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $92.09.

Arch Capital Group Company Profile

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. 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.

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

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