Arch Capital Group (NASDAQ:ACGL) Insider Sells $941,500.00 in Stock

Key Points

• Maamoun Rajeh, an insider at Arch Capital Group, sold 10,000 shares for $941,500, reducing his stake by 2.25% to 433,589 shares valued at approximately $40.82 million.
• Arch Capital Group’s stock experienced a 1.6% decline, trading at $91.88 with a market capitalization of $34.29 billion, following the sale.
• In its last earnings report, Arch Capital Group posted EPS of $2.58, exceeding analysts' expectations, with revenues of $4.35 billion for the quarter.

Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) insider Maamoun Rajeh sold 10,000 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $94.15, for a total transaction of $941,500.00. Following the completion of the transaction, the insider directly owned 433,589 shares in the company, valued at approximately $40,822,404.35. The trade was a 2.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Arch Capital Group Stock Down 1.6%

NASDAQ ACGL traded down $1.53 during trading hours on Monday, hitting $91.88. The company's stock had a trading volume of 1,003,867 shares, compared to its average volume of 2,234,580. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47. The company has a market capitalization of $34.29 billion, a PE ratio of 9.48, a price-to-earnings-growth ratio of 5.72 and a beta of 0.49. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16. The company's 50-day simple moving average is $89.45 and its two-hundred day simple moving average is $91.19.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the firm earned $2.57 EPS. Research analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Arch Capital Group

Hedge funds have recently modified their holdings of the stock. Capital A Wealth Management LLC bought a new stake in shares of Arch Capital Group in the 4th quarter worth approximately $25,000. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Arch Capital Group in the 1st quarter worth approximately $27,000. Meeder Asset Management Inc. raised its holdings in shares of Arch Capital Group by 116.3% in the 1st quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider's stock worth $27,000 after purchasing an additional 150 shares during the period. Wayfinding Financial LLC bought a new stake in shares of Arch Capital Group in the 1st quarter worth approximately $31,000. Finally, Zions Bancorporation National Association UT bought a new stake in Arch Capital Group during the 1st quarter valued at $37,000. Institutional investors own 89.07% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on ACGL. UBS Group reaffirmed a "buy" rating and issued a $118.00 price target (down previously from $124.00) on shares of Arch Capital Group in a research report on Monday, August 4th. Citigroup assumed coverage on shares of Arch Capital Group in a research report on Wednesday, August 13th. They issued a "buy" rating and a $113.00 price target on the stock. Cantor Fitzgerald raised shares of Arch Capital Group to a "hold" rating in a research report on Wednesday, August 13th. Keefe, Bruyette & Woods lifted their target price on shares of Arch Capital Group from $102.00 to $103.00 and gave the stock a "market perform" rating in a research report on Thursday, August 14th. Finally, Wells Fargo & Company dropped their target price on shares of Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $111.27.

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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