Arch Capital Group (NASDAQ:ACGL) Insider Sells $828,696.00 in Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) insider John Pasquesi sold 8,800 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $94.17, for a total value of $828,696.00. Following the completion of the sale, the insider owned 289,556 shares of the company’s stock, valued at $27,267,488.52. This trade represents a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Arch Capital Group Price Performance

NASDAQ ACGL traded down $0.14 on Tuesday, reaching $95.58. 2,415,729 shares of the stock traded hands, compared to its average volume of 2,007,028. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $97.40. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.13. The firm’s fifty day simple moving average is $90.53 and its 200 day simple moving average is $90.34. The company has a market cap of $34.66 billion, a price-to-earnings ratio of 8.94, a P/E/G ratio of 2.19 and a beta of 0.47.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.77 earnings per share for the quarter, beating the consensus estimate of $1.76 by $1.01. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.The business had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.39 billion. During the same quarter in the prior year, the firm posted $1.99 earnings per share. As a group, research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wolfe Research began coverage on shares of Arch Capital Group in a research report on Monday, September 15th. They set a “peer perform” rating for the company. Cantor Fitzgerald restated a “neutral” rating and set a $98.00 target price on shares of Arch Capital Group in a report on Tuesday, October 28th. JPMorgan Chase & Co. upped their price target on Arch Capital Group from $110.00 to $111.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Wells Fargo & Company cut their price objective on Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Finally, Roth Capital set a $110.00 target price on Arch Capital Group and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $106.00.

Institutional Investors Weigh In On Arch Capital Group

Several hedge funds have recently made changes to their positions in ACGL. TD Waterhouse Canada Inc. boosted its stake in Arch Capital Group by 31.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 112 shares during the period. Crescent Grove Advisors LLC raised its stake in Arch Capital Group by 3.1% during the 2nd quarter. Crescent Grove Advisors LLC now owns 3,702 shares of the insurance provider’s stock valued at $337,000 after purchasing an additional 112 shares during the period. Keel Point LLC lifted its holdings in shares of Arch Capital Group by 4.6% in the third quarter. Keel Point LLC now owns 2,524 shares of the insurance provider’s stock valued at $229,000 after purchasing an additional 112 shares in the last quarter. TIAA Trust National Association boosted its position in shares of Arch Capital Group by 3.1% in the second quarter. TIAA Trust National Association now owns 3,892 shares of the insurance provider’s stock worth $354,000 after buying an additional 116 shares during the period. Finally, Park National Corp OH grew its holdings in shares of Arch Capital Group by 4.4% during the second quarter. Park National Corp OH now owns 2,870 shares of the insurance provider’s stock valued at $261,000 after buying an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.