Arch Capital Group (NASDAQ:ACGL) Insider Sells $4,558,971.60 in Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) insider Maamoun Rajeh sold 47,430 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $96.12, for a total transaction of $4,558,971.60. Following the sale, the insider directly owned 433,589 shares of the company’s stock, valued at approximately $41,676,574.68. This trade represents a 9.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Arch Capital Group Trading Down 1.5%

Shares of ACGL stock opened at $98.38 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.53 and a debt-to-equity ratio of 0.13. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $103.39. The firm’s 50 day moving average price is $95.13 and its two-hundred day moving average price is $91.96. The stock has a market cap of $35.68 billion, a price-to-earnings ratio of 8.47, a price-to-earnings-growth ratio of 3.94 and a beta of 0.42.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.64. The company had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.94 billion. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. During the same quarter in the prior year, the business earned $2.26 earnings per share. On average, analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ACGL shares. The Goldman Sachs Group reiterated a “sell” rating and issued a $93.00 target price (up previously from $84.00) on shares of Arch Capital Group in a research note on Wednesday, January 7th. Morgan Stanley set a $125.00 price objective on shares of Arch Capital Group in a research report on Friday, January 16th. Cantor Fitzgerald reissued an “overweight” rating and set a $97.00 target price (up from $93.00) on shares of Arch Capital Group in a research report on Wednesday, January 14th. JPMorgan Chase & Co. upped their target price on shares of Arch Capital Group from $111.00 to $117.00 and gave the company a “neutral” rating in a research note on Wednesday, January 7th. Finally, Citigroup reaffirmed a “buy” rating and set a $120.00 price target (up previously from $113.00) on shares of Arch Capital Group in a research note on Friday. Nine equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Arch Capital Group currently has a consensus rating of “Hold” and a consensus price target of $109.27.

Institutional Trading of Arch Capital Group

Several institutional investors have recently added to or reduced their stakes in the stock. Elyxium Wealth LLC bought a new stake in shares of Arch Capital Group in the 4th quarter worth about $27,000. WealthCollab LLC increased its holdings in Arch Capital Group by 410.3% in the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after buying an additional 238 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in Arch Capital Group during the third quarter valued at approximately $28,000. Grove Bank & Trust acquired a new stake in Arch Capital Group during the fourth quarter valued at approximately $30,000. Finally, Aventura Private Wealth LLC bought a new position in Arch Capital Group during the 4th quarter worth approximately $30,000. 89.07% of the stock is owned by institutional investors and hedge funds.

About Arch Capital Group

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.