Arch Capital Group Ltd. (NASDAQ:ACGL) CEO David Gansberg Sells 10,000 Shares

Arch Capital Group Ltd. (NASDAQ:ACGL) CEO David Gansberg sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was 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 approximately $22,037,302.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Arch Capital Group Stock Up 1.1 %

ACGL opened at $98.21 on Wednesday. Arch Capital Group Ltd. has a fifty-two week low of $69.05 and a fifty-two week high of $98.54. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.59. The company has a market capitalization of $36.84 billion, a P/E ratio of 7.75, a P/E/G ratio of 1.12 and a beta of 0.57. The stock has a fifty day moving average of $91.35 and a 200-day moving average of $84.84.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly 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 quarter last year, the business earned $1.73 earnings per share. Arch Capital Group’s revenue was up 19.3% on a year-over-year basis. On average, equities analysts expect that Arch Capital Group Ltd. will post 8.43 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. increased its position in shares of Arch Capital Group by 0.4% in the first quarter. Assenagon Asset Management S.A. now owns 33,283 shares of the insurance provider’s stock worth $3,077,000 after purchasing an additional 117 shares during the period. Sunbelt Securities Inc. increased its position in shares of Arch Capital Group by 1.8% in the first quarter. Sunbelt Securities Inc. now owns 6,679 shares of the insurance provider’s stock worth $617,000 after purchasing an additional 117 shares during the period. Resonant Capital Advisors LLC increased its position in shares of Arch Capital Group by 2.1% in the first quarter. Resonant Capital Advisors LLC now owns 5,802 shares of the insurance provider’s stock worth $536,000 after purchasing an additional 118 shares during the period. Petra Financial Advisors Inc. grew its position in Arch Capital Group by 1.2% in the first quarter. Petra Financial Advisors Inc. now owns 10,574 shares of the insurance provider’s stock valued at $977,000 after acquiring an additional 129 shares during the last quarter. Finally, Headlands Technologies LLC grew its position in Arch Capital Group by 1.1% in the first quarter. Headlands Technologies LLC now owns 12,538 shares of the insurance provider’s stock valued at $1,159,000 after acquiring an additional 141 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ACGL. UBS Group dropped their price target on Arch Capital Group from $101.00 to $97.00 and set a “buy” rating on the stock in a research note on Wednesday, January 10th. JMP Securities increased their price target on Arch Capital Group from $100.00 to $110.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 30th. Royal Bank of Canada restated an “outperform” rating and issued a $98.00 price target on shares of Arch Capital Group in a research note on Friday, February 16th. TD Cowen began coverage on Arch Capital Group in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $96.00 price target on the stock. Finally, Roth Mkm restated a “buy” rating and issued a $110.00 price target on shares of Arch Capital Group 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $100.67.

About Arch Capital Group

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.