Arch Capital Group Ltd. (NASDAQ:ACGL) CEO Sells $706,177.28 in Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) CEO Nicolas Papadopoulo sold 7,636 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $92.48, for a total value of $706,177.28. Following the completion of the sale, the chief executive officer now owns 795,718 shares of the company’s stock, valued at $73,588,000.64. The trade was a 0.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $94.56 on Friday. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47. The firm has a market capitalization of $35.53 billion, a P/E ratio of 8.44, a P/E/G ratio of 2.31 and a beta of 0.57. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $92.16 and a two-hundred day simple moving average of $94.10.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.05). The business had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.75 billion. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. The company’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the business earned $2.45 earnings per share. On average, equities analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Jefferies Financial Group upped their price target on shares of Arch Capital Group from $105.00 to $106.00 and gave the company a “buy” rating in a report on Friday, April 11th. Barclays dropped their target price on shares of Arch Capital Group from $100.00 to $93.00 and set an “equal weight” rating for the company in a report on Friday, April 11th. Morgan Stanley reduced their price target on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. JPMorgan Chase & Co. increased their price objective on Arch Capital Group from $106.00 to $107.00 and gave the stock a “neutral” rating in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods boosted their target price on Arch Capital Group from $104.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $115.00.

Institutional Trading of Arch Capital Group

A number of hedge funds have recently made changes to their positions in the stock. Capital A Wealth Management LLC purchased a new position in Arch Capital Group during the fourth quarter valued at $25,000. Meeder Asset Management Inc. raised its position in shares of Arch Capital Group by 116.3% in the 1st quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 150 shares during the last quarter. Bartlett & CO. Wealth Management LLC bought a new position in Arch Capital Group in the 1st quarter worth about $27,000. Wayfinding Financial LLC purchased a new stake in Arch Capital Group during the 1st quarter valued at about $31,000. Finally, Cullen Frost Bankers Inc. bought a new stake in Arch Capital Group during the 4th quarter valued at about $37,000. 89.07% of the stock is owned by institutional investors.

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.