John Pasquesi Sells 203,866 Shares of Arch Capital Group (NASDAQ:ACGL) Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) insider John Pasquesi sold 203,866 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $93.90, for a total transaction of $19,143,017.40. Following the completion of the transaction, the insider directly owned 351,356 shares of the company’s stock, valued at approximately $32,992,328.40. The trade was a 36.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $95.89 on Thursday. The firm’s fifty day moving average price is $90.61 and its two-hundred day moving average price is $90.38. The stock has a market cap of $34.77 billion, a PE ratio of 8.97, a PEG ratio of 2.23 and a beta of 0.47. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $97.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.55 and a current ratio of 0.55.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $1.01. The company had revenue of $5.11 billion during the quarter, compared to analysts’ expectations 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 company earned $1.99 EPS. On average, equities analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Institutional Trading of Arch Capital Group

Large investors have recently bought and sold shares of the business. Kovitz Investment Group Partners LLC boosted its position in shares of Arch Capital Group by 27.1% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 3,039 shares of the insurance provider’s stock valued at $292,000 after purchasing an additional 648 shares in the last quarter. Horizon Investments LLC boosted its holdings in shares of Arch Capital Group by 5.2% during the 1st quarter. Horizon Investments LLC now owns 5,448 shares of the insurance provider’s stock worth $524,000 after buying an additional 271 shares in the last quarter. Aberdeen Group plc grew its position in shares of Arch Capital Group by 72.0% during the 1st quarter. Aberdeen Group plc now owns 277,034 shares of the insurance provider’s stock worth $26,520,000 after buying an additional 115,940 shares during the period. American Century Companies Inc. increased its stake in shares of Arch Capital Group by 22.4% in the 1st quarter. American Century Companies Inc. now owns 525,068 shares of the insurance provider’s stock valued at $50,501,000 after acquiring an additional 96,054 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of Arch Capital Group by 4.0% during the 1st quarter. Raymond James Financial Inc. now owns 471,679 shares of the insurance provider’s stock valued at $45,366,000 after acquiring an additional 18,228 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Citigroup reissued a “market outperform” rating on shares of Arch Capital Group in a research note on Tuesday, October 28th. Wells Fargo & Company dropped their price objective on shares of Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Wolfe Research assumed coverage on shares of Arch Capital Group in a research report on Monday, September 15th. They issued a “peer perform” rating for the company. JPMorgan Chase & Co. raised their price target on shares of Arch Capital Group from $110.00 to $111.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Finally, Roth Capital set a $110.00 price objective on shares of Arch Capital Group and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Eight 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, the stock currently has a consensus rating of “Hold” and a consensus target price of $106.00.

Arch Capital Group Company Profile

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.