Arch Capital Group (NASDAQ:ACGL) CFO Sells 11,010 Shares

Arch Capital Group Ltd. (NASDAQ:ACGL) CFO Francois Morin sold 11,010 shares of Arch Capital Group stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $99.32, for a total transaction of $1,093,513.20. Following the completion of the sale, the chief financial officer owned 184,826 shares in the company, valued at $18,356,918.32. This trade represents a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Arch Capital Group Stock Up 0.8%

Shares of ACGL stock traded up $0.78 during trading on Thursday, reaching $99.31. The company’s stock had a trading volume of 1,516,580 shares, compared to its average volume of 2,087,279. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $107.08. The business has a fifty day moving average price of $98.61 and a 200-day moving average price of $96.70. The company has a market cap of $33.89 billion, a price-to-earnings ratio of 7.76, a price-to-earnings-growth ratio of 10.36 and a beta of 0.31. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.23.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.47 by $0.09. Arch Capital Group had a net margin of 24.40% and a return on equity of 17.06%. The business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter last year, the firm earned $2.58 earnings per share. Analysts anticipate that Arch Capital Group Ltd. will post 9.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Cantor Fitzgerald raised their price objective on Arch Capital Group from $102.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Mizuho increased their price target on Arch Capital Group from $101.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Wells Fargo & Company increased their price target on Arch Capital Group from $114.00 to $117.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. raised their price target on Arch Capital Group from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $120.00 price target (up from $115.00) on shares of Arch Capital Group in a research report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Arch Capital Group presently has an average rating of “Hold” and an average target price of $111.11.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc lifted its stake in Arch Capital Group by 4.3% in the 4th quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider’s stock valued at $282,405,000 after purchasing an additional 121,090 shares during the last quarter. National Pension Service grew its holdings in Arch Capital Group by 8.5% during the fourth quarter. National Pension Service now owns 683,272 shares of the insurance provider’s stock worth $65,539,000 after purchasing an additional 53,661 shares during the period. Oxbow Advisors LLC increased its position in Arch Capital Group by 83.7% during the fourth quarter. Oxbow Advisors LLC now owns 84,290 shares of the insurance provider’s stock worth $8,085,000 after buying an additional 38,402 shares during the last quarter. Schwartz Investment Counsel Inc. acquired a new position in Arch Capital Group during the fourth quarter worth approximately $9,592,000. Finally, Assenagon Asset Management S.A. increased its position in Arch Capital Group by 295.6% during the second quarter. Assenagon Asset Management S.A. now owns 50,073 shares of the insurance provider’s stock worth $4,860,000 after buying an additional 37,416 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

About Arch Capital Group

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.