Nicolas Papadopoulo Sells 21,930 Shares of Arch Capital Group (NASDAQ:ACGL) Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) CEO Nicolas Papadopoulo sold 21,930 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $96.31, for a total value of $2,112,078.30. Following the sale, the chief executive officer directly owned 871,594 shares in the company, valued at $83,943,218.14. This trade represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Arch Capital Group Trading Down 0.8%

NASDAQ:ACGL opened at $93.47 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.13. Arch Capital Group Ltd. has a 1-year low of $82.44 and a 1-year high of $103.39. The firm has a market capitalization of $33.26 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 3.83 and a beta of 0.40. The stock has a fifty day simple moving average of $96.21 and a 200 day simple moving average of $93.01.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.64. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.The firm had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter in the previous year, the company earned $2.26 EPS. Sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Institutional Trading of Arch Capital Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Daymark Wealth Partners LLC increased its position in Arch Capital Group by 3.4% in the 4th quarter. Daymark Wealth Partners LLC now owns 3,211 shares of the insurance provider’s stock worth $308,000 after purchasing an additional 106 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of Arch Capital Group by 31.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock valued at $43,000 after buying an additional 112 shares during the last quarter. Crescent Grove Advisors LLC lifted its holdings in shares of Arch Capital Group by 3.1% during the 2nd quarter. Crescent Grove Advisors LLC now owns 3,702 shares of the insurance provider’s stock valued at $337,000 after buying an additional 112 shares during the last quarter. Keel Point LLC grew its stake in shares of Arch Capital Group by 4.6% in the 3rd quarter. Keel Point LLC now owns 2,524 shares of the insurance provider’s stock valued at $229,000 after buying an additional 112 shares in the last quarter. Finally, Legacy Advisors LLC increased its holdings in Arch Capital Group by 1.2% in the fourth quarter. Legacy Advisors LLC now owns 9,551 shares of the insurance provider’s stock worth $916,000 after buying an additional 112 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ACGL has been the topic of a number of recent analyst reports. UBS Group restated a “buy” rating and set a $114.00 price target (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Wells Fargo & Company raised their target price on Arch Capital Group from $106.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. The Goldman Sachs Group reiterated a “sell” rating and set a $93.00 price target (up from $84.00) on shares of Arch Capital Group in a report on Wednesday, January 7th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $104.00 price target (up from $102.00) on shares of Arch Capital Group in a research report on Thursday, February 12th. Finally, Weiss Ratings raised Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 4th. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $109.20.

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.