Insider Selling: Arch Capital Group (NASDAQ:ACGL) Insider Sells $19,143,017.40 in Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) insider John Pasquesi sold 203,866 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $93.90, for a total transaction of $19,143,017.40. Following the completion of the sale, the insider directly owned 351,356 shares in the company, valued at $32,992,328.40. This trade represents a 36.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Arch Capital Group Stock Up 0.6%

Shares of NASDAQ:ACGL opened at $96.45 on Friday. The firm has a market capitalization of $34.98 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 2.23 and a beta of 0.47. The business has a 50 day simple moving average of $90.70 and a two-hundred day simple moving average of $90.43. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $97.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.55 and a quick ratio of 0.55.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share for the quarter, topping the consensus estimate of $1.76 by $1.01. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.The firm had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.39 billion. During the same period in the prior year, the business posted $1.99 earnings per share. On average, equities analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ACGL. Wolfe Research assumed coverage on Arch Capital Group in a research report on Monday, September 15th. They set a “peer perform” rating for the company. Roth Capital set a $110.00 price objective on shares of Arch Capital Group and gave the company a “buy” rating in a report on Tuesday, December 2nd. Citigroup reissued a “market outperform” rating on shares of Arch Capital Group in a research report on Tuesday, October 28th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $98.00 target price on shares of Arch Capital Group in a research report on Tuesday, October 28th. Finally, Royal Bank Of Canada set a $108.00 price target on Arch Capital Group and gave the company an “outperform” rating in a report on Monday, November 24th. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $106.00.

Institutional Investors Weigh In On Arch Capital Group

Several hedge funds have recently modified their holdings of the business. Keel Point LLC raised its stake in Arch Capital Group by 4.6% in the third quarter. Keel Point LLC now owns 2,524 shares of the insurance provider’s stock worth $229,000 after buying an additional 112 shares in the last quarter. Swiss Life Asset Management Ltd boosted its position in Arch Capital Group by 101.3% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 172,013 shares of the insurance provider’s stock valued at $15,607,000 after acquiring an additional 86,544 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of Arch Capital Group in the 3rd quarter valued at $4,663,000. Wilmington Savings Fund Society FSB raised its position in shares of Arch Capital Group by 5.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 63,791 shares of the insurance provider’s stock worth $5,788,000 after acquiring an additional 3,374 shares in the last quarter. Finally, Auxier Asset Management LLC lifted its stake in shares of Arch Capital Group by 13.1% during the 3rd quarter. Auxier Asset Management LLC now owns 12,480 shares of the insurance provider’s stock worth $1,132,000 after purchasing an additional 1,450 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.