Arch Capital Group Ltd. (NASDAQ:ACGL) Director Brian S. Posner Purchases 1,000 Shares

Key Points

• Arch Capital Group Ltd. Director Brian S. Posner purchased 1,000 shares at an average cost of $17.34 each, increasing his total shares owned to 5,000 and reflecting a 25% increase in his position.
• The company recently reported $2.58 earnings per share for the quarter, exceeding analysts' expectations of $2.30, alongside a revenue of $4.35 billion.
• Analysts generally hold a Moderate Buy consensus rating for Arch Capital Group, with price targets ranging from $93.00 to $125.00 per share.

Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) Director Brian S. Posner purchased 1,000 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were bought at an average cost of $17.34 per share, with a total value of $17,340.00. Following the transaction, the director directly owned 5,000 shares of the company's stock, valued at approximately $86,700. This represents a 25.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Arch Capital Group Stock Performance

Shares of ACGL traded up $0.51 during midday trading on Monday, hitting $88.51. 2,315,042 shares of the stock traded hands, compared to its average volume of 1,929,130. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47. The firm has a market capitalization of $33.17 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 6.68 and a beta of 0.49. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56. The business's 50 day moving average price is $90.33 and its two-hundred day moving average price is $91.57.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, beating analysts' consensus estimates of $2.30 by $0.28. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. The business had revenue of $4.35 billion for the quarter, compared to analysts' expectations of $4.29 billion. During the same period in the previous year, the business earned $2.57 earnings per share. Equities research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. JMP Securities reissued a "market outperform" rating and set a $125.00 price target on shares of Arch Capital Group in a research report on Wednesday, April 30th. Wells Fargo & Company decreased their price objective on shares of Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating for the company in a report on Thursday. Jefferies Financial Group downgraded shares of Arch Capital Group from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $106.00 to $100.00 in a report on Tuesday, June 10th. Barclays decreased their price objective on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $101.00 price objective (down previously from $113.00) on shares of Arch Capital Group in a report on Wednesday, July 9th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.00.

Institutional Investors Weigh In On Arch Capital Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Capital A Wealth Management LLC acquired a new stake in Arch Capital Group during the 4th quarter worth about $25,000. Meeder Asset Management Inc. raised its holdings in Arch Capital Group by 116.3% during the 1st quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider's stock worth $27,000 after buying an additional 150 shares during the period. Bartlett & CO. Wealth Management LLC acquired a new stake in Arch Capital Group during the 1st quarter worth about $27,000. Wayfinding Financial LLC acquired a new stake in Arch Capital Group during the 1st quarter worth about $31,000. Finally, Zions Bancorporation National Association UT acquired a new stake in Arch Capital Group during the 1st quarter worth about $37,000. 89.07% of the stock is currently owned by institutional investors.

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.

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