Arch Capital Group Ltd. (NASDAQ:ACGL) Insider Louis T. Petrillo Sells 16,650 Shares

Arch Capital Group Ltd. (NASDAQ:ACGL) insider Louis T. Petrillo sold 16,650 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.53, for a total transaction of $1,573,924.50. Following the sale, the insider now directly owns 140,023 shares of the company’s stock, valued at $13,236,374.19. This represents a 10.63% 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 Performance

Shares of ACGL stock opened at $93.42 on Wednesday. The firm has a market capitalization of $35.10 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57. The firm has a fifty day simple moving average of $92.32 and a two-hundred day simple moving average of $93.75. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data 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 analyst estimates of $4.75 billion. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.45 earnings per share. Analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Arch Capital Group

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Arch Capital Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 41,999,603 shares of the insurance provider’s stock valued at $3,878,663,000 after purchasing an additional 182,150 shares in the last quarter. Geode Capital Management LLC lifted its stake in Arch Capital Group by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 11,010,756 shares of the insurance provider’s stock valued at $1,014,648,000 after acquiring an additional 180,493 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Arch Capital Group by 10.5% during the 4th quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider’s stock worth $759,324,000 after acquiring an additional 783,506 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Arch Capital Group by 30.5% in the 1st quarter. JPMorgan Chase & Co. now owns 7,470,591 shares of the insurance provider’s stock worth $718,522,000 after acquiring an additional 1,743,945 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Arch Capital Group by 4.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider’s stock valued at $488,992,000 after purchasing an additional 226,617 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Ratings Changes

ACGL has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of Arch Capital Group from $104.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. upped their price target on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a “neutral” rating in a research report on Tuesday, April 8th. Wells Fargo & Company lifted their price objective on Arch Capital Group from $106.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Royal Bank of Canada dropped their price objective on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Finally, UBS Group lowered their target price on Arch Capital Group from $127.00 to $124.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $115.00.

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.