Insider Selling: Arch Capital Group (NASDAQ:ACGL) Insider Sells 203,866 Shares of Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) insider John Pasquesi sold 203,866 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $93.90, for a total transaction of $19,143,017.40. Following the completion of the sale, the insider owned 351,356 shares of the company’s stock, valued at $32,992,328.40. This trade represents a 36.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock traded down $0.14 on Tuesday, reaching $95.58. 2,415,729 shares of the stock were exchanged, compared to its average volume of 2,007,028. The firm has a market capitalization of $34.66 billion, a PE ratio of 8.94, a PEG ratio of 2.19 and a beta of 0.47. Arch Capital Group Ltd. has a 1-year low of $82.44 and a 1-year high of $97.40. The business has a fifty day moving average price of $90.53 and a two-hundred day moving average price of $90.34. The company has a current ratio of 0.55, a quick 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 for the quarter, beating analysts’ consensus estimates of $1.76 by $1.01. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same quarter in the previous year, the company earned $1.99 EPS. As a group, research analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ACGL. Royal Bank Of Canada set a $108.00 price target on Arch Capital Group and gave the company an “outperform” rating in a research note on Monday, November 24th. Barclays set a $99.00 target price on shares of Arch Capital Group and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Morgan Stanley upped their price target on shares of Arch Capital Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Citigroup reiterated a “market outperform” rating on shares of Arch Capital Group in a research note on Tuesday, October 28th. Finally, Wolfe Research initiated coverage on shares of Arch Capital Group in a research report on Monday, September 15th. They set a “peer perform” rating on the stock. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Arch Capital Group currently has a consensus rating of “Hold” and an average target price of $106.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. TD Waterhouse Canada Inc. boosted its stake in shares of Arch Capital Group by 31.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 112 shares during the last quarter. Crescent Grove Advisors LLC lifted its stake in shares of Arch Capital Group by 3.1% during the second quarter. Crescent Grove Advisors LLC now owns 3,702 shares of the insurance provider’s stock valued at $337,000 after buying an additional 112 shares during the period. Keel Point LLC boosted its position in Arch Capital Group by 4.6% during the third quarter. Keel Point LLC now owns 2,524 shares of the insurance provider’s stock worth $229,000 after acquiring an additional 112 shares during the last quarter. TIAA Trust National Association boosted its position in Arch Capital Group by 3.1% during the second quarter. TIAA Trust National Association now owns 3,892 shares of the insurance provider’s stock worth $354,000 after acquiring an additional 116 shares during the last quarter. Finally, Park National Corp OH grew its stake in Arch Capital Group by 4.4% in the 2nd quarter. Park National Corp OH now owns 2,870 shares of the insurance provider’s stock worth $261,000 after acquiring an additional 120 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

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.