Daniel Joseph Houston Buys 5,300 Shares of Arch Capital Group (NASDAQ:ACGL) Stock

Key Points

• Director Daniel Joseph Houston bought 5,300 shares on April 30 at an average price of $94.08 (total ~$498,624), increasing his direct stake to 9,915 shares — a 114.84% ownership rise disclosed in an SEC filing.
• Arch reported strong recent results with $2.50 EPS for the quarter, revenue of $4.52 billion, a 17.61% return on equity and a 24.64% net margin.
• Analysts are mixed: the consensus rating is Hold with an average price target of $106.61 (8 Buy, 8 Hold, 1 Sell), while the stock trades near $93.65 and has a market cap of $33.36 billion.

Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) Director Daniel Joseph Houston purchased 5,300 shares of the company's stock in a transaction on Thursday, April 30th. The shares were purchased at an average price of $94.08 per share, with a total value of $498,624.00. Following the completion of the purchase, the director directly owned 9,915 shares of the company's stock, valued at $932,803.20. The trade was a 114.84% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Arch Capital Group Trading Down 0.2%

NASDAQ:ACGL traded down $0.17 on Monday, hitting $93.65. 2,570,683 shares of the stock were exchanged, compared to its average volume of 2,045,009. The stock has a market cap of $33.36 billion, a PE ratio of 7.19, a PEG ratio of 5.12 and a beta of 0.35. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average of $96.37 and a 200-day moving average of $94.23. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $103.39.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The company had revenue of $4.52 billion during the quarter. As a group, equities analysts expect that Arch Capital Group Ltd. will post 9.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ACGL. Cantor Fitzgerald reiterated a "neutral" rating and issued a $100.00 target price (up from $97.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. Morgan Stanley set a $105.00 target price on Arch Capital Group in a research note on Friday. Keefe, Bruyette & Woods increased their target price on Arch Capital Group from $104.00 to $105.00 and gave the company a "market perform" rating in a research note on Tuesday, April 7th. Royal Bank Of Canada increased their target price on Arch Capital Group from $108.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, February 11th. Finally, Wells Fargo & Company increased their target price on Arch Capital Group from $109.00 to $110.00 and gave the company an "overweight" rating in a research note on Thursday. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $106.61.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Daymark Wealth Partners LLC boosted its holdings in Arch Capital Group by 3.4% in the fourth quarter. Daymark Wealth Partners LLC now owns 3,211 shares of the insurance provider's stock valued at $308,000 after purchasing an additional 106 shares during the last quarter. Keel Point LLC boosted its holdings in Arch Capital Group by 4.6% in the third quarter. Keel Point LLC now owns 2,524 shares of the insurance provider's stock valued at $229,000 after purchasing an additional 112 shares during the last quarter. Legacy Advisors LLC boosted its holdings in Arch Capital Group by 1.2% in the fourth quarter. Legacy Advisors LLC now owns 9,551 shares of the insurance provider's stock valued at $916,000 after purchasing an additional 112 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in Arch Capital Group by 1.3% in the first quarter. V Square Quantitative Management LLC now owns 9,453 shares of the insurance provider's stock valued at $907,000 after purchasing an additional 123 shares during the last quarter. Finally, Compound Planning Inc. boosted its holdings in Arch Capital Group by 5.0% in the third quarter. Compound Planning Inc. now owns 2,644 shares of the insurance provider's stock valued at $240,000 after purchasing an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Arch Capital Group Company Profile

Arch Capital Group Ltd. NASDAQ: ACGL is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch's product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.

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