Arch Capital Group Ltd. (ACGL) CFO Mark Donald Lyons Sells 9,967 Shares
Arch Capital Group Ltd. (NASDAQ:ACGL) CFO Mark Donald Lyons sold 9,967 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $97.31, for a total transaction of $969,888.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Arch Capital Group Ltd. (ACGL) traded up 0.25% during trading on Wednesday, reaching $97.93. 435,155 shares of the company’s stock traded hands. Arch Capital Group Ltd. has a 1-year low of $76.47 and a 1-year high of $99.47. The company has a market capitalization of $13.17 billion, a price-to-earnings ratio of 17.81 and a beta of 0.67. The stock has a 50-day moving average of $96.67 and a 200-day moving average of $95.56.
Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.01. Arch Capital Group had a net margin of 15.65% and a return on equity of 8.76%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the firm earned $1.13 earnings per share. Arch Capital Group’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, equities analysts predict that Arch Capital Group Ltd. will post $5.28 EPS for the current fiscal year.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in ACGL. Proficio Capital Partners LLC grew its stake in Arch Capital Group by 75.5% during the first quarter. Proficio Capital Partners LLC now owns 1,095 shares of the insurance provider’s stock worth $104,000 after buying an additional 471 shares during the period. Acrospire Investment Management LLC purchased a new stake in Arch Capital Group during the second quarter worth approximately $112,000. Vantage Investment Advisors LLC grew its stake in Arch Capital Group by 1,372.9% during the second quarter. Vantage Investment Advisors LLC now owns 1,252 shares of the insurance provider’s stock worth $117,000 after buying an additional 1,167 shares during the period. Toronto Dominion Bank grew its stake in Arch Capital Group by 26.5% during the first quarter. Toronto Dominion Bank now owns 1,343 shares of the insurance provider’s stock worth $127,000 after buying an additional 281 shares during the period. Finally, Parallel Advisors LLC grew its stake in Arch Capital Group by 13.1% during the first quarter. Parallel Advisors LLC now owns 1,350 shares of the insurance provider’s stock worth $130,000 after buying an additional 156 shares during the period. Institutional investors own 76.92% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Buckingham Research assumed coverage on shares of Arch Capital Group in a research report on Monday. They set a “buy” rating and a $106.00 price objective for the company. Keefe, Bruyette & Woods set a $100.00 price objective on shares of Arch Capital Group and gave the stock a “hold” rating in a research report on Friday, August 11th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Arch Capital Group in a research report on Wednesday, July 26th. BidaskClub raised shares of Arch Capital Group from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Arch Capital Group presently has an average rating of “Hold” and an average price target of $95.63.
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.
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