Arch Capital Group (NASDAQ:ACGL) Insider Maamoun Rajeh Sells 47,430 Shares of Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) insider Maamoun Rajeh sold 47,430 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $96.12, for a total value of $4,558,971.60. Following the completion of the sale, the insider directly owned 433,589 shares of the company’s stock, valued at $41,676,574.68. This represents a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Arch Capital Group Stock Down 1.5%

ACGL stock opened at $98.38 on Friday. The stock has a fifty day moving average of $95.13 and a 200-day moving average of $91.88. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $103.39. The company has a market capitalization of $35.68 billion, a price-to-earnings ratio of 8.47, a PEG ratio of 4.00 and a beta of 0.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.55 and a current ratio of 0.53.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.64. The business had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.94 billion. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.During the same period in the previous year, the business posted $2.26 EPS. As a group, equities research analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Morgan Stanley set a $125.00 price objective on shares of Arch Capital Group in a research note on Friday, January 16th. Mizuho lifted their price target on Arch Capital Group from $95.00 to $102.00 and gave the company a “neutral” rating in a research report on Thursday. Roth Mkm set a $110.00 price objective on Arch Capital Group and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Weiss Ratings upgraded Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 4th. Finally, JPMorgan Chase & Co. upped their price target on Arch Capital Group from $111.00 to $117.00 and gave the company a “neutral” rating in a research report on Wednesday, January 7th. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Arch Capital Group has a consensus rating of “Hold” and a consensus target price of $109.27.

Institutional Trading of Arch Capital Group

A number of large investors have recently modified their holdings of the business. Elyxium Wealth LLC purchased a new stake in Arch Capital Group in the fourth quarter valued at approximately $27,000. WealthCollab LLC increased its holdings in shares of Arch Capital Group by 410.3% in the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after buying an additional 238 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Arch Capital Group during the 3rd quarter valued at $28,000. Aventura Private Wealth LLC bought a new stake in shares of Arch Capital Group during the 4th quarter worth $30,000. Finally, Grove Bank & Trust purchased a new position in Arch Capital Group in the fourth quarter worth $30,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Company Profile

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.