Arch Capital Group Ltd. (NASDAQ:ACGL) Director John D. Vollaro sold 5,000 shares of Arch Capital Group stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $97.01, for a total transaction of $485,050.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) traded down 0.50% on Friday, reaching $94.78. 234,839 shares of the company’s stock traded hands. Arch Capital Group Ltd. has a 12-month low of $67.50 and a 12-month high of $99.11. The stock has a 50-day moving average price of $95.44 and a 200-day moving average price of $90.00. The company has a market cap of $12.70 billion, a PE ratio of 16.06 and a beta of 0.60.
Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Tuesday, April 25th. The insurance provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.09. Arch Capital Group had a net margin of 15.60% and a return on equity of 8.23%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the business earned $1.20 EPS. Equities research analysts anticipate that Arch Capital Group Ltd. will post $5.54 EPS for the current fiscal year.
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Several hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC purchased a new stake in Arch Capital Group during the fourth quarter worth $103,000. Toronto Dominion Bank boosted its stake in Arch Capital Group by 26.5% in the first quarter. Toronto Dominion Bank now owns 1,343 shares of the insurance provider’s stock worth $127,000 after buying an additional 281 shares in the last quarter. Advisor Group Inc. boosted its stake in Arch Capital Group by 72.9% in the third quarter. Advisor Group Inc. now owns 1,783 shares of the insurance provider’s stock worth $141,000 after buying an additional 752 shares in the last quarter. Hall Laurie J Trustee purchased a new stake in Arch Capital Group during the fourth quarter worth $192,000. Finally, Capital One National Association purchased a new stake in Arch Capital Group during the first quarter worth $214,000. Institutional investors and hedge funds own 77.05% of the company’s stock.
ACGL has been the topic of a number of research reports. Keefe, Bruyette & Woods set a $95.00 target price on shares of Arch Capital Group and gave the company a “hold” rating in a research note on Thursday, April 6th. Deutsche Bank AG lifted their target price on shares of Arch Capital Group from $78.00 to $87.00 and gave the company a “hold” rating in a research note on Thursday, March 30th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Arch Capital Group in a research note on Wednesday, April 26th. Credit Suisse Group AG reissued a “buy” rating and set a $98.00 price target on shares of Arch Capital Group in a research report on Wednesday, February 15th. Finally, BMO Capital Markets lifted their price target on shares of Arch Capital Group to $102.00 and gave the company an “outperform” rating in a research report on Tuesday, February 28th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $91.50.
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.
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