Arch Capital Group Ltd. (NASDAQ:ACGL) insider Louis T. Petrillo sold 2,990 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $94.98, for a total value of $283,990.20. Following the sale, the insider now directly owns 56,268 shares of the company’s stock, valued at $5,344,334.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Arch Capital Group Ltd. (NASDAQ:ACGL) traded down 0.026% during midday trading on Thursday, reaching $95.035. The company had a trading volume of 119,028 shares. The firm has a 50-day moving average of $95.43 and a 200-day moving average of $90.48. The stock has a market cap of $12.74 billion, a P/E ratio of 16.108 and a beta of 0.60. Arch Capital Group Ltd. has a 12 month low of $67.50 and a 12 month high of $99.11.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Tuesday, April 25th. The insurance provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.09. Arch Capital Group had a return on equity of 8.23% and a net margin of 15.60%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the business posted $1.20 earnings per share. On average, equities analysts expect that Arch Capital Group Ltd. will post $5.54 EPS for the current fiscal year.

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

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Hedge funds have recently bought and sold shares of the company. Adalta Capital Management LLC purchased a new position in Arch Capital Group during the first quarter valued at $379,000. Point72 Asset Management L.P. increased its stake in shares of Arch Capital Group by 324.2% in the first quarter. Point72 Asset Management L.P. now owns 75,500 shares of the insurance provider’s stock worth $7,155,000 after buying an additional 57,700 shares during the period. Janus Capital Management LLC increased its stake in shares of Arch Capital Group by 53.9% in the first quarter. Janus Capital Management LLC now owns 576,863 shares of the insurance provider’s stock worth $54,669,000 after buying an additional 202,100 shares during the period. Credit Suisse AG increased its stake in shares of Arch Capital Group by 39.6% in the first quarter. Credit Suisse AG now owns 387,107 shares of the insurance provider’s stock worth $36,685,000 after buying an additional 109,798 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Arch Capital Group during the first quarter worth $510,000. Hedge funds and other institutional investors own 77.05% of the company’s stock.

ACGL has been the subject of a number of recent research reports. Wells Fargo & Co reiterated a “hold” rating on shares of Arch Capital Group in a research report on Wednesday, April 26th. Credit Suisse Group AG reiterated a “buy” rating and issued a $98.00 price target on shares of Arch Capital Group in a report on Wednesday, February 15th. Keefe, Bruyette & Woods set a $95.00 price target on Arch Capital Group and gave the company a “hold” rating in a report on Thursday, April 6th. Deutsche Bank AG boosted their price objective on Arch Capital Group from $78.00 to $87.00 and gave the company a “hold” rating in a research report on Thursday, March 30th. Finally, Morgan Stanley boosted their price objective on Arch Capital Group from $90.00 to $96.00 and gave the company an “equal weight” rating in a research report on Friday, April 28th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Arch Capital Group presently has an average rating of “Hold” and a consensus price target of $91.50.

Arch Capital Group Company Profile

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.

12 Month Chart for NASDAQ:ACGL

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