Arch Capital Group (NASDAQ:ACGL) Director Acquires $498,624.00 in Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) Director Daniel Joseph Houston acquired 5,300 shares of the stock in a transaction on Thursday, April 30th. The shares were bought at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the purchase, the director directly owned 9,915 shares of the company’s stock, valued at $932,803.20. The trade was a 114.84% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Arch Capital Group Stock Up 0.7%

Shares of NASDAQ:ACGL opened at $94.76 on Thursday. Arch Capital Group Ltd. has a 52-week low of $82.44 and a 52-week high of $103.39. The stock has a market cap of $33.76 billion, a P/E ratio of 7.28, a PEG ratio of 5.15 and a beta of 0.35. The business has a fifty day moving average of $96.21 and a two-hundred day moving average of $94.33. The company has a quick ratio of 0.53, a current ratio of 0.55 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The business had revenue of $4.52 billion for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. On average, research analysts expect that Arch Capital Group Ltd. will post 9.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ACGL has been the topic of a number of analyst reports. Barclays lifted their target price on shares of Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Evercore set a $100.00 price target on shares of Arch Capital Group and gave the stock an “in-line” rating in a report on Wednesday, January 7th. Royal Bank Of Canada raised their price target on shares of Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $100.00 price objective (up from $97.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Finally, Mizuho decreased their price objective on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating on the stock in a report on Tuesday. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $106.32.

Institutional Trading of Arch Capital Group

Several institutional investors and hedge funds have recently bought and sold shares of ACGL. Elyxium Wealth LLC purchased a new position in Arch Capital Group during the fourth quarter worth about $27,000. WealthCollab LLC raised its stake 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 valued at $27,000 after acquiring an additional 238 shares during the period. JPL Wealth Management LLC purchased a new stake in shares of Arch Capital Group in the 3rd quarter valued at approximately $28,000. Grove Bank & Trust acquired a new position in shares of Arch Capital Group in the 4th quarter worth approximately $30,000. Finally, Aventura Private Wealth LLC acquired a new position in shares of Arch Capital Group in the 4th quarter worth approximately $30,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

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.