Nicolas Papadopoulo Sells 21,930 Shares of Arch Capital Group (NASDAQ:ACGL) Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) CEO Nicolas Papadopoulo sold 21,930 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $96.31, for a total value of $2,112,078.30. Following the completion of the sale, the chief executive officer owned 871,594 shares of the company’s stock, valued at $83,943,218.14. The trade was a 2.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Arch Capital Group Trading Down 0.6%

Shares of NASDAQ:ACGL traded down $0.59 during trading on Thursday, reaching $94.22. 2,142,955 shares of the company traded hands, compared to its average volume of 2,046,837. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.13. Arch Capital Group Ltd. has a 52-week low of $82.44 and a 52-week high of $103.39. The firm has a market capitalization of $33.52 billion, a price-to-earnings ratio of 8.11, a P/E/G ratio of 3.87 and a beta of 0.40. The business’s fifty day moving average is $96.25 and its 200-day moving average is $93.00.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, topping the consensus estimate of $2.34 by $0.64. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. The company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the previous year, the firm earned $2.26 earnings per share. As a group, analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Institutional Trading of Arch Capital Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Elyxium Wealth LLC bought a new position in Arch Capital Group during the 4th quarter valued at approximately $27,000. WealthCollab LLC boosted its holdings in Arch Capital Group by 410.3% in the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 238 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Arch Capital Group in the third quarter worth $28,000. Aventura Private Wealth LLC purchased a new stake in shares of Arch Capital Group in the fourth quarter worth $30,000. Finally, Grove Bank & Trust bought a new position in shares of Arch Capital Group during the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

ACGL has been the topic of several research analyst reports. Barclays set a $104.00 target price on Arch Capital Group and gave the company an “equal weight” rating in a research note on Thursday, January 8th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $100.00 price target (up from $97.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. JPMorgan Chase & Co. boosted their price objective on shares of Arch Capital Group from $111.00 to $117.00 and gave the company a “neutral” rating in a research report on Wednesday, January 7th. Evercore set a $100.00 price objective on shares of Arch Capital Group and gave the stock an “in-line” rating in a report on Wednesday, January 7th. Finally, UBS Group reaffirmed a “buy” rating and issued a $114.00 target price (up from $113.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $109.20.

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.