Arch Capital Group (NASDAQ:ACGL) CFO Francois Morin Sells 11,010 Shares of Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) CFO Francois Morin sold 11,010 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $99.32, for a total transaction of $1,093,513.20. Following the transaction, the chief financial officer directly owned 184,826 shares in the company, valued at approximately $18,356,918.32. The trade was a 5.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Arch Capital Group Price Performance

Shares of ACGL stock opened at $99.31 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market capitalization of $33.89 billion, a PE ratio of 7.76, a price-to-earnings-growth ratio of 10.32 and a beta of 0.31. The firm’s 50-day moving average is $98.77 and its two-hundred day moving average is $96.73. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $107.08.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.09. Arch Capital Group had a net margin of 24.40% and a return on equity of 17.06%. The business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter last year, the firm earned $2.58 EPS. Analysts predict that Arch Capital Group Ltd. will post 9.45 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Atlantic Securities set a $126.00 price objective on Arch Capital Group in a research report on Wednesday, July 15th. Royal Bank Of Canada reiterated an “outperform” rating and set a $120.00 price target (up from $115.00) on shares of Arch Capital Group in a research report on Thursday, July 30th. Cantor Fitzgerald upped their price objective on shares of Arch Capital Group from $102.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Arch Capital Group in a report on Thursday, August 13th. Finally, Keefe, Bruyette & Woods cut their target price on Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 8th. Seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $111.11.

Institutional Investors Weigh In On Arch Capital Group

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in Arch Capital Group in the fourth quarter valued at $463,208,000. Madison Asset Management LLC purchased a new position in shares of Arch Capital Group in the 2nd quarter valued at about $368,808,000. First Trust Advisors LP boosted its stake in shares of Arch Capital Group by 319.5% in the 1st quarter. First Trust Advisors LP now owns 2,626,148 shares of the insurance provider’s stock valued at $252,084,000 after buying an additional 2,000,162 shares during the period. AQR Capital Management LLC grew its position in shares of Arch Capital Group by 184.1% during the fourth quarter. AQR Capital Management LLC now owns 2,670,628 shares of the insurance provider’s stock worth $256,167,000 after buying an additional 1,730,487 shares in the last quarter. Finally, Fiduciary Management Inc. WI purchased a new stake in shares of Arch Capital Group during the fourth quarter worth approximately $106,683,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

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.