Insider Selling: Arch Capital Group Ltd. (NASDAQ:ACGL) CEO Sells 10,000 Shares of Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) CEO David Gansberg sold 10,000 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $96.64, for a total value of $966,400.00. Following the sale, the chief executive officer now owns 228,035 shares in the company, valued at $22,037,302.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Arch Capital Group Stock Performance

Arch Capital Group stock traded up $1.07 during trading on Tuesday, reaching $98.21. The company had a trading volume of 1,316,197 shares, compared to its average volume of 1,724,365. Arch Capital Group Ltd. has a 52 week low of $69.05 and a 52 week high of $98.54. The firm’s 50-day simple moving average is $91.35 and its 200 day simple moving average is $84.84. The firm has a market capitalization of $36.84 billion, a price-to-earnings ratio of 7.67, a price-to-earnings-growth ratio of 1.12 and a beta of 0.57. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.39. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The company had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period last year, the firm earned $1.73 EPS. Arch Capital Group’s revenue for the quarter was up 19.3% compared to the same quarter last year. Sell-side analysts forecast that Arch Capital Group Ltd. will post 8.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Arch Capital Group

A number of institutional investors have recently bought and sold shares of ACGL. Householder Group Estate & Retirement Specialist LLC bought a new stake in Arch Capital Group during the fourth quarter valued at about $27,000. Larson Financial Group LLC bought a new stake in Arch Capital Group during the fourth quarter valued at about $30,000. Richardson Financial Services Inc. bought a new stake in shares of Arch Capital Group in the fourth quarter worth about $33,000. CVA Family Office LLC bought a new stake in shares of Arch Capital Group in the fourth quarter worth about $47,000. Finally, Indiana Trust & Investment Management CO bought a new stake in shares of Arch Capital Group in the first quarter worth about $58,000. 89.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on ACGL shares. Royal Bank of Canada reiterated an “outperform” rating and set a $98.00 target price on shares of Arch Capital Group in a research note on Friday, February 16th. TD Cowen started coverage on Arch Capital Group in a research note on Wednesday, January 10th. They set an “outperform” rating and a $96.00 target price on the stock. Roth Mkm reiterated a “buy” rating and set a $110.00 target price on shares of Arch Capital Group in a research note on Tuesday, April 30th. Evercore ISI increased their target price on Arch Capital Group from $98.00 to $100.00 and gave the company an “in-line” rating in a research note on Tuesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Arch Capital Group from $103.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $100.67.

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.