Arch Capital Group (NASDAQ:ACGL) Insider Sells $569,257.59 in Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) insider David Gansberg sold 5,907 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total value of $569,257.59. Following the completion of the sale, the insider directly owned 336,559 shares of the company’s stock, valued at approximately $32,434,190.83. This represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Arch Capital Group Price Performance

NASDAQ ACGL opened at $93.47 on Friday. The company has a 50 day simple moving average of $96.21 and a 200-day simple moving average of $93.03. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market capitalization of $33.26 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 3.80 and a beta of 0.40. Arch Capital Group Ltd. has a 52-week low of $82.44 and a 52-week high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.64. The firm had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $3.94 billion. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. During the same period in the previous year, the firm posted $2.26 earnings per share. Equities research analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Arch Capital Group

A number of large investors have recently bought and sold shares of ACGL. Vanguard Group Inc. raised its holdings in Arch Capital Group by 1.2% during the second quarter. Vanguard Group Inc. now owns 42,414,557 shares of the insurance provider’s stock valued at $3,861,845,000 after buying an additional 493,583 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of Arch Capital Group by 1.7% during the 2nd quarter. Artisan Partners Limited Partnership now owns 23,833,290 shares of the insurance provider’s stock worth $2,170,021,000 after acquiring an additional 408,950 shares in the last quarter. WCM Investment Management LLC boosted its stake in shares of Arch Capital Group by 1.3% during the 3rd quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock worth $1,214,987,000 after acquiring an additional 171,693 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Arch Capital Group by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 10,502,003 shares of the insurance provider’s stock valued at $952,523,000 after acquiring an additional 115,465 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Arch Capital Group by 4.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider’s stock valued at $743,168,000 after acquiring an additional 360,626 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $93.00 price target (up from $84.00) on shares of Arch Capital Group in a research note on Wednesday, January 7th. Barclays set a $104.00 target price on Arch Capital Group and gave the company an “equal weight” rating in a research note on Thursday, January 8th. Mizuho upped their target price on Arch Capital Group from $95.00 to $102.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Morgan Stanley set a $125.00 price target on Arch Capital Group in a research note on Friday, January 16th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $104.00 price target (up from $102.00) on shares of Arch Capital Group in a report on Thursday, February 12th. Nine 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $109.20.

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.