Arch Capital Group Ltd. (ACGL) Insider Sells $539,225.47 in Stock
Arch Capital Group Ltd. (NASDAQ:ACGL) insider Louis T. Petrillo sold 5,921 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $91.07, for a total value of $539,225.47. Following the completion of the transaction, the insider now directly owns 43,268 shares in the company, valued at $3,940,416.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Arch Capital Group Ltd. (ACGL) traded down $1.75 during mid-day trading on Thursday, hitting $90.50. The company had a trading volume of 565,400 shares, compared to its average volume of 460,158. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $11,830.00, a price-to-earnings ratio of 31.06, a P/E/G ratio of 2.60 and a beta of 0.67. Arch Capital Group Ltd. has a twelve month low of $84.21 and a twelve month high of $102.60.
Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.59) by ($0.20). The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.16 billion. Arch Capital Group had a net margin of 9.44% and a return on equity of 5.57%. The business’s revenue was up 30.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.14 earnings per share. equities research analysts forecast that Arch Capital Group Ltd. will post 3.23 earnings per share for the current fiscal year.
A number of brokerages have issued reports on ACGL. Wells Fargo & Company set a $100.00 target price on Arch Capital Group and gave the company a “hold” rating in a research report on Sunday. BidaskClub lowered Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $101.00 target price on shares of Arch Capital Group in a research report on Wednesday, December 6th. UBS reaffirmed a “buy” rating on shares of Arch Capital Group in a research report on Monday, October 30th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $113.00 target price on shares of Arch Capital Group in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $100.80.
Hedge funds have recently bought and sold shares of the stock. Acrospire Investment Management LLC acquired a new stake in shares of Arch Capital Group during the 2nd quarter valued at approximately $112,000. Vantage Investment Advisors LLC raised its position in shares of Arch Capital Group by 1,372.9% during the 2nd quarter. Vantage Investment Advisors LLC now owns 1,252 shares of the insurance provider’s stock valued at $117,000 after acquiring an additional 1,167 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Arch Capital Group by 0.4% during the 2nd quarter. Parallel Advisors LLC now owns 1,356 shares of the insurance provider’s stock valued at $132,000 after acquiring an additional 6 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Arch Capital Group by 18.8% during the 2nd quarter. Toronto Dominion Bank now owns 1,596 shares of the insurance provider’s stock valued at $149,000 after acquiring an additional 253 shares in the last quarter. Finally, Pacer Advisors Inc. acquired a new stake in shares of Arch Capital Group during the 2nd quarter valued at approximately $197,000. 79.50% of the stock is currently owned by institutional investors and hedge funds.
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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