Arch Capital Group (NASDAQ:ACGL) Director Sells $58,980.00 in Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) Director Brian Posner sold 3,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total value of $58,980.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Arch Capital Group Price Performance

Shares of ACGL opened at $91.19 on Friday. The company has a market cap of $31.86 billion, a P/E ratio of 7.00, a PEG ratio of 5.01 and a beta of 0.32. The stock has a fifty day moving average price of $94.86 and a 200 day moving average price of $95.04. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The firm had revenue of $4.52 billion during the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. On average, research analysts forecast that Arch Capital Group Ltd. will post 9.29 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ACGL. Elyxium Wealth LLC bought a new position in shares of Arch Capital Group in the fourth quarter worth $27,000. WealthCollab LLC grew its stake in shares of 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 purchasing an additional 238 shares in the last quarter. JPL Wealth Management LLC bought a new position in shares of Arch Capital Group in the third quarter worth $28,000. Grove Bank & Trust bought a new position in shares of Arch Capital Group in the fourth quarter worth $30,000. Finally, Aventura Private Wealth LLC bought a new position in shares of Arch Capital Group in the fourth quarter worth $30,000. Institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

ACGL has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. UBS Group restated 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. Weiss Ratings cut shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Citigroup upped their target price on shares of Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Mizuho decreased their price target on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $106.32.

Arch Capital Group Company Profile

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.