Arch Capital Group (NASDAQ:ACGL) Director Brian Posner Sells 3,000 Shares of Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) Director Brian Posner sold 3,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $17.11, for a total transaction of $51,330.00. Following the transaction, the director owned 2,000 shares in the company, valued at $34,220. This trade represents a 60.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Arch Capital Group Trading Up 0.2%

Shares of ACGL traded up $0.17 during midday trading on Friday, hitting $94.39. The stock had a trading volume of 543,858 shares, compared to its average volume of 2,015,713. The stock’s 50 day moving average is $96.21 and its 200 day moving average is $93.00. The firm has a market cap of $33.58 billion, a PE ratio of 8.12, a price-to-earnings-growth ratio of 3.86 and a beta of 0.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.53 and a quick ratio of 0.53. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.64. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. The firm had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $3.94 billion. During the same period in the previous year, the company earned $2.26 EPS. As a group, analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ACGL has been the topic of several recent analyst reports. Royal Bank Of Canada increased their price target on Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Morgan Stanley set a $125.00 price objective on Arch Capital Group in a research report on Friday, January 16th. Wells Fargo & Company increased their target price on Arch Capital Group from $106.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Evercore set a $100.00 target price on Arch Capital Group and gave the stock an “in-line” rating in a research report on Wednesday, January 7th. Finally, Roth Mkm set a $110.00 target price on shares of Arch Capital Group and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $109.20.

Institutional Investors Weigh In On Arch Capital Group

Several large investors have recently modified their holdings of the business. Bridges Investment Management Inc. purchased a new position in shares of Arch Capital Group in the 3rd quarter valued at about $1,413,000. Allianz Asset Management GmbH grew its holdings in Arch Capital Group by 12.5% in the third quarter. Allianz Asset Management GmbH now owns 192,567 shares of the insurance provider’s stock valued at $17,472,000 after purchasing an additional 21,323 shares during the period. High Ground Investment Management LLP grew its holdings in Arch Capital Group by 3.5% in the third quarter. High Ground Investment Management LLP now owns 1,714,668 shares of the insurance provider’s stock valued at $155,572,000 after purchasing an additional 58,151 shares during the period. WCM Investment Management LLC increased its position in shares of Arch Capital Group by 1.3% in the third 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 in the last quarter. Finally, Cooke & Bieler LP acquired a new position in shares of Arch Capital Group during the 3rd quarter worth approximately $210,856,000. 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.