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Arch Capital Group (NASDAQ:ACGL) CFO Mark Donald Lyons unloaded 28,500 shares of Arch Capital Group stock on the open market in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $54.28, for a total value of $1,546,980.00. Following the completion of the sale, the chief financial officer now directly owns 222,017 shares in the company, valued at approximately $12,051,083. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

A number of analysts have recently weighed in on ACGL shares. Analysts at Zacks upgraded shares of Arch Capital Group from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 9th. They now have a $61.90 price target on the stock. Analysts at BMO Capital Markets raised their price target on shares of Arch Capital Group from $58.00 to $59.00 in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $57.76.

Shares of Arch Capital Group (NASDAQ:ACGL) traded down 0.20% during mid-day trading on Tuesday, hitting $54.19. The stock had a trading volume of 676,310 shares. Arch Capital Group has a one year low of $52.23 and a one year high of $59.78. The stock has a 50-day moving average of $56.4 and a 200-day moving average of $56.38. The company has a market cap of $7.145 billion and a price-to-earnings ratio of 12.01.

Arch Capital Group (NASDAQ:ACGL) last released its earnings data on Thursday, July 31st. The company reported $1.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.99 by $0.18. The company had revenue of $971.90 million for the quarter, compared to the consensus estimate of $926.20 million. During the same quarter last year, the company posted $0.99 earnings per share. Arch Capital Group’s revenue was up 19.9% compared to the same quarter last year. Analysts expect that Arch Capital Group will post $3.87 EPS for the current fiscal year.

Arch Capital Group Ltd. (NASDAQ:ACGL) writes insurance and reinsurance on a worldwide basis.

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