Mark Donald Lyons Sells 5,500 Shares of Arch Capital Group Ltd. (ACGL) Stock
Arch Capital Group Ltd. (NASDAQ:ACGL) CFO Mark Donald Lyons sold 5,500 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $92.04, for a total transaction of $506,220.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Arch Capital Group Ltd. (ACGL) opened at $90.50 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.83 and a quick ratio of 0.83. Arch Capital Group Ltd. has a 12-month low of $84.21 and a 12-month high of $102.60. The stock has a market cap of $12,073.13, a P/E ratio of 31.06, a PEG ratio of 2.60 and a beta of 0.67.
Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.20). Arch Capital Group had a return on equity of 5.57% and a net margin of 9.44%. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the firm earned $1.14 EPS. The firm’s quarterly revenue was up 30.7% on a year-over-year basis. research analysts forecast that Arch Capital Group Ltd. will post 3.23 earnings per share for the current year.
A number of research analysts have commented on ACGL shares. UBS reissued a “buy” rating on shares of Arch Capital Group in a research report on Monday, October 30th. Royal Bank of Canada reissued a “buy” rating and set a $113.00 target price on shares of Arch Capital Group in a research report on Friday, October 27th. Buckingham Research started coverage on shares of Arch Capital Group in a research report on Monday, September 11th. They set a “buy” rating and a $106.00 target price on the stock. Barclays raised their target price on shares of Arch Capital Group from $91.00 to $95.00 and gave the company an “equal weight” rating in a research report on Monday, October 16th. Finally, Wells Fargo & Company set a $100.00 target price on shares of Arch Capital Group and gave the company a “hold” rating in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $100.80.
Institutional investors have recently modified their holdings of the company. Swiss National Bank grew its position in shares of Arch Capital Group by 8.0% in the 2nd quarter. Swiss National Bank now owns 842,768 shares of the insurance provider’s stock worth $78,622,000 after buying an additional 62,700 shares during the last quarter. Delta Lloyd Asset Management N.V. purchased a new position in shares of Arch Capital Group in the 2nd quarter worth approximately $1,232,000. Marshall Wace North America L.P. boosted its stake in Arch Capital Group by 84.7% in the 2nd quarter. Marshall Wace North America L.P. now owns 9,724 shares of the insurance provider’s stock worth $904,000 after purchasing an additional 4,459 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in Arch Capital Group in the 2nd quarter worth approximately $2,230,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in Arch Capital Group by 5.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 401,129 shares of the insurance provider’s stock worth $37,422,000 after purchasing an additional 19,287 shares in the last quarter. 79.50% of the stock is currently owned by hedge funds and other institutional investors.
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About Arch Capital Group
Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.
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