Arch Capital Group Ltd. (NASDAQ:ACGL) CEO Nicolas Papadopoulo sold 20,000 shares of the stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $95.39, for a total value of $1,907,800.00. Following the completion of the sale, the chief executive officer now owns 244,912 shares in the company, valued at approximately $23,362,155.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Nicolas Papadopoulo also recently made the following trade(s):

  • On Wednesday, May 3rd, Nicolas Papadopoulo sold 15,500 shares of Arch Capital Group stock. The stock was sold at an average price of $96.67, for a total value of $1,498,385.00.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Tuesday, April 25th. The insurance provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.33 by $0.09. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Arch Capital Group had a net margin of 15.60% and a return on equity of 8.23%. During the same quarter in the previous year, the company earned $1.20 EPS.

Insider Buying and Selling by Quarter for Arch Capital Group (NASDAQ:ACGL)

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ACGL has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price objective on Arch Capital Group to $102.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 28th. Keefe, Bruyette & Woods set a $95.00 price objective on Arch Capital Group and gave the stock a “hold” rating in a research report on Thursday, April 6th. Deutsche Bank AG increased their price objective on Arch Capital Group from $78.00 to $87.00 and gave the stock a “hold” rating in a research report on Thursday, March 30th. Credit Suisse Group AG reiterated a “buy” rating and issued a $98.00 price objective on shares of Arch Capital Group in a research report on Wednesday, February 15th. Finally, Morgan Stanley increased their price objective on Arch Capital Group from $90.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Friday, April 28th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Arch Capital Group presently has an average rating of “Hold” and an average price target of $91.50.

A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Arch Capital Group by 3,410.5% in the first quarter. BlackRock Inc. now owns 8,769,351 shares of the insurance provider’s stock valued at $831,073,000 after buying an additional 8,519,546 shares during the last quarter. Norges Bank bought a new stake in shares of Arch Capital Group during the fourth quarter valued at approximately $107,240,000. JPMorgan Chase & Co. boosted its stake in shares of Arch Capital Group by 802.5% in the first quarter. JPMorgan Chase & Co. now owns 850,833 shares of the insurance provider’s stock valued at $80,633,000 after buying an additional 756,556 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Arch Capital Group during the fourth quarter valued at approximately $47,646,000. Finally, Vanguard Group Inc. boosted its stake in shares of Arch Capital Group by 4.6% in the first quarter. Vanguard Group Inc. now owns 9,588,852 shares of the insurance provider’s stock valued at $908,736,000 after buying an additional 418,229 shares during the last quarter. Institutional investors and hedge funds own 77.05% of the company’s stock.

About Arch Capital Group

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

5 Day Chart for NASDAQ:ACGL

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