Insider Selling: Arch Capital Group (NASDAQ:ACGL) Insider Sells $828,696.00 in Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) insider John Pasquesi sold 8,800 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $94.17, for a total value of $828,696.00. Following the sale, the insider owned 289,556 shares of the company’s stock, valued at approximately $27,267,488.52. The trade was a 2.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL opened at $96.45 on Friday. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $97.40. The company has a market cap of $34.98 billion, a P/E ratio of 9.02, a P/E/G ratio of 2.23 and a beta of 0.47. The business’s 50 day moving average is $90.70 and its two-hundred day moving average is $90.43. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.13.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $1.01. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. The business had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.39 billion. During the same quarter last year, the company posted $1.99 earnings per share. On average, equities analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ACGL shares. Wolfe Research initiated coverage on shares of Arch Capital Group in a report on Monday, September 15th. They set a “peer perform” rating on the stock. Mizuho set a $95.00 target price on shares of Arch Capital Group and gave the company a “neutral” rating in a research note on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of Arch Capital Group in a research note on Wednesday, October 8th. Morgan Stanley upped their price target on Arch Capital Group from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, November 17th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $98.00 price objective on shares of Arch Capital Group in a report on Tuesday, October 28th. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Arch Capital Group presently has a consensus rating of “Hold” and a consensus target price of $106.00.

Institutional Investors Weigh In On Arch Capital Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Arch Capital Group during the second quarter worth $441,551,000. Cooke & Bieler LP bought a new stake in shares of Arch Capital Group in the 3rd quarter worth about $210,856,000. First Trust Advisors LP increased its position in shares of Arch Capital Group by 409.5% during the 3rd quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock worth $257,278,000 after purchasing an additional 2,279,147 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Arch Capital Group by 289.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,368,648 shares of the insurance provider’s stock valued at $124,615,000 after purchasing an additional 1,016,919 shares during the last quarter. Finally, Two Sigma Investments LP boosted its position in Arch Capital Group by 112.4% in the third quarter. Two Sigma Investments LP now owns 1,895,222 shares of the insurance provider’s stock valued at $171,953,000 after buying an additional 1,003,004 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

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.