Insider Selling: Arch Capital Group CFO Sells 20,500 Shares of Stock (ACGL)
Arch Capital Group (NASDAQ:ACGL) CFO Mark Donald Lyons unloaded 20,500 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $56.87, for a total value of $1,165,835.00. Following the completion of the transaction, the chief financial officer now directly owns 211,017 shares of the company’s stock, valued at approximately $12,000,537. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Arch Capital Group (NASDAQ:ACGL) traded down 0.21% on Tuesday, hitting $56.82. The stock had a trading volume of 123,025 shares. Arch Capital Group has a 52-week low of $49.46 and a 52-week high of $59.78. The stock has a 50-day moving average of $57.19 and a 200-day moving average of $56.79. The company has a market cap of $7.619 billion and a P/E ratio of 12.59.
Arch Capital Group (NASDAQ:ACGL) last released its earnings data on Thursday, May 1st. The company reported $1.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.06 by $0.24. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. Analysts expect that Arch Capital Group will post $3.70 EPS for the current fiscal year.
Arch Capital Group Ltd. (NASDAQ:ACGL) writes insurance and reinsurance on a worldwide basis.
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