Francois Morin Sells 11,010 Shares of Arch Capital Group (NASDAQ:ACGL) Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) CFO Francois Morin sold 11,010 shares of Arch Capital Group stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $99.32, for a total value of $1,093,513.20. Following the completion of the transaction, the chief financial officer owned 184,826 shares of the company’s stock, valued at approximately $18,356,918.32. This represents a 5.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock opened at $99.39 on Friday. The stock has a market cap of $33.91 billion, a price-to-earnings ratio of 7.77, a price-to-earnings-growth ratio of 4.89 and a beta of 0.31. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a 50 day moving average price of $98.93 and a 200-day moving average price of $96.75. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $107.08.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.09. Arch Capital Group had a return on equity of 17.06% and a net margin of 24.40%.The firm had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the previous year, the company posted $2.58 EPS. Equities analysts expect that Arch Capital Group Ltd. will post 9.45 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ACGL shares. Wells Fargo & Company upped their target price on Arch Capital Group from $114.00 to $117.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Cantor Fitzgerald raised their price target on Arch Capital Group from $102.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Morgan Stanley boosted their price objective on Arch Capital Group from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Citigroup reaffirmed a “market outperform” rating on shares of Arch Capital Group in a research report on Wednesday, July 29th. Finally, UBS Group reiterated a “buy” rating and issued a $120.00 target price (up from $114.00) on shares of Arch Capital Group in a research note on Wednesday, July 8th. Seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $111.11.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ACGL. Elyxium Wealth LLC purchased a new stake in shares of Arch Capital Group in the 4th quarter worth $27,000. WealthCollab LLC grew its position in shares of Arch Capital Group by 410.3% during the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after buying an additional 238 shares in the last quarter. Torren Management LLC increased its stake in shares of Arch Capital Group by 66.9% during the second quarter. Torren Management LLC now owns 292 shares of the insurance provider’s stock valued at $28,000 after buying an additional 117 shares during the period. JPL Wealth Management LLC purchased a new position in shares of Arch Capital Group during the third quarter valued at $28,000. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of Arch Capital Group by 72.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 323 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 136 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

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.