Arch Capital Group Ltd. (ACGL) Insider Sells $539,225.47 in Stock
Arch Capital Group Ltd. (NASDAQ:ACGL) insider Louis T. Petrillo sold 5,921 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $91.07, for a total value of $539,225.47. Following the completion of the transaction, the insider now directly owns 43,268 shares in the company, valued at $3,940,416.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Arch Capital Group Ltd. (ACGL) traded down $1.75 during mid-day trading on Thursday, hitting $90.50. The company had a trading volume of 565,400 shares, compared to its average volume of 460,158. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $11,830.00, a price-to-earnings ratio of 31.06, a P/E/G ratio of 2.60 and a beta of 0.67. Arch Capital Group Ltd. has a twelve month low of $84.21 and a twelve month high of $102.60.
Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.59) by ($0.20). The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.16 billion. Arch Capital Group had a net margin of 9.44% and a return on equity of 5.57%. The business’s revenue was up 30.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.14 earnings per share. equities research analysts forecast that Arch Capital Group Ltd. will post 3.23 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the stock. Acrospire Investment Management LLC acquired a new stake in shares of Arch Capital Group during the 2nd quarter valued at approximately $112,000. Vantage Investment Advisors LLC raised its position in shares of Arch Capital Group by 1,372.9% during the 2nd quarter. Vantage Investment Advisors LLC now owns 1,252 shares of the insurance provider’s stock valued at $117,000 after acquiring an additional 1,167 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Arch Capital Group by 0.4% during the 2nd quarter. Parallel Advisors LLC now owns 1,356 shares of the insurance provider’s stock valued at $132,000 after acquiring an additional 6 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Arch Capital Group by 18.8% during the 2nd quarter. Toronto Dominion Bank now owns 1,596 shares of the insurance provider’s stock valued at $149,000 after acquiring an additional 253 shares in the last quarter. Finally, Pacer Advisors Inc. acquired a new stake in shares of Arch Capital Group during the 2nd quarter valued at approximately $197,000. 79.50% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Arch Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.