Arch Capital Group (NASDAQ:ACGL) Insider John Pasquesi Sells 8,800 Shares of Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) insider John Pasquesi sold 8,800 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $94.17, for a total transaction of $828,696.00. Following the transaction, the insider directly owned 289,556 shares of the company’s stock, valued at $27,267,488.52. This represents a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Arch Capital Group Price Performance

Shares of ACGL opened at $95.58 on Wednesday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average is $90.56 and its two-hundred day moving average is $90.35. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $97.40. The firm has a market capitalization of $34.66 billion, a PE ratio of 8.94, a P/E/G ratio of 2.23 and a beta of 0.47.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $1.01. The business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.39 billion. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.During the same period in the prior year, the business posted $1.99 EPS. Research analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Hedge Funds Weigh In On Arch Capital Group

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Arch Capital Group by 1.2% in the second quarter. Vanguard Group Inc. now owns 42,414,557 shares of the insurance provider’s stock valued at $3,861,845,000 after purchasing an additional 493,583 shares during the last quarter. Artisan Partners Limited Partnership lifted its stake in Arch Capital Group by 1.7% in the 2nd quarter. Artisan Partners Limited Partnership now owns 23,833,290 shares of the insurance provider’s stock valued at $2,170,021,000 after buying an additional 408,950 shares in the last quarter. WCM Investment Management LLC grew its holdings in Arch Capital Group by 1.3% during the 3rd quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock valued at $1,214,987,000 after buying an additional 171,693 shares during the last quarter. Geode Capital Management LLC grew its holdings in Arch Capital Group by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 10,502,003 shares of the insurance provider’s stock valued at $952,523,000 after buying an additional 115,465 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Arch Capital Group by 4.6% during the third quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider’s stock worth $743,168,000 after buying an additional 360,626 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. The Goldman Sachs Group set a $88.00 target price on Arch Capital Group and gave the company a “sell” rating in a report on Tuesday, October 14th. JPMorgan Chase & Co. increased their price target on shares of Arch Capital Group from $110.00 to $111.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Roth Capital set a $110.00 price objective on shares of Arch Capital Group and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Morgan Stanley upped their target price on shares of Arch Capital Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $98.00 target price on shares of Arch Capital Group in a report on Tuesday, October 28th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $106.00.

About Arch Capital Group

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.