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 company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $96.12, for a total transaction of $4,558,971.60. Following the completion of the transaction, the insider owned 433,589 shares in the company, valued at approximately $41,676,574.68. This represents a 9.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Arch Capital Group Stock Down 1.5%

NASDAQ ACGL traded down $1.47 on Friday, reaching $98.38. The stock had a trading volume of 1,962,302 shares, compared to its average volume of 2,268,234. The company has a current ratio of 0.53, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $103.39. The business has a 50 day moving average price of $95.00 and a 200 day moving average price of $91.80. The company has a market capitalization of $35.68 billion, a price-to-earnings ratio of 8.47, a P/E/G ratio of 3.95 and a beta of 0.42.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Citigroup reaffirmed a “buy” rating and issued a $120.00 price objective (up previously from $113.00) on shares of Arch Capital Group in a research note on Friday. Barclays set a $104.00 target price on Arch Capital Group and gave the company an “equal weight” rating in a report on Thursday, January 8th. Mizuho upped their price target on Arch Capital Group from $95.00 to $102.00 and gave the stock a “neutral” rating in a research note on Thursday. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $104.00 price objective (up from $102.00) on shares of Arch Capital Group in a research note on Thursday. Finally, Roth Mkm set a $110.00 target price on Arch Capital Group and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $109.27.

Institutional Investors Weigh In On Arch Capital Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Commerce Bank raised its stake in Arch Capital Group by 1.3% during the 4th quarter. Commerce Bank now owns 373,334 shares of the insurance provider’s stock valued at $35,810,000 after purchasing an additional 4,966 shares during the last quarter. Bridgefront Capital LLC acquired a new position in shares of Arch Capital Group during the fourth quarter valued at about $520,000. Bank of Nova Scotia lifted its stake in shares of Arch Capital Group by 50.3% in the fourth quarter. Bank of Nova Scotia now owns 241,007 shares of the insurance provider’s stock valued at $23,117,000 after buying an additional 80,651 shares during the period. GQG Partners LLC grew its position in Arch Capital Group by 95.6% during the fourth quarter. GQG Partners LLC now owns 1,693,629 shares of the insurance provider’s stock worth $162,453,000 after buying an additional 827,688 shares in the last quarter. Finally, Morgan Stanley increased its stake in Arch Capital Group by 0.8% during the fourth quarter. Morgan Stanley now owns 4,289,082 shares of the insurance provider’s stock valued at $411,409,000 after acquiring an additional 33,132 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Company Profile

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.