Arch Capital Group (NASDAQ:ACGL) Insider Sells $5,281,664.94 in Stock

Key Points

• Insider Maamoun Rajeh sold 48,661 Arch Capital shares for about $5.28 million at an average price of $108.54, reducing his stake by 10.41%; he retained 418,645 shares.
• Arch Capital’s latest quarterly results beat expectations: EPS was $2.67 versus a $2.31 consensus, while revenue reached $4.66 billion against forecasts of $4.06 billion.
• Analysts’ consensus rating is Hold, with an average price target of $111.65; seven analysts rate the stock Buy, eight Hold, and one Sell.

Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) insider Maamoun Rajeh sold 48,661 shares of the stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $108.54, for a total value of $5,281,664.94. Following the transaction, the insider directly owned 418,645 shares in the company, valued at approximately $45,439,728.30. This represents a 10.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Arch Capital Group Stock Performance

Shares of ACGL stock traded up $0.37 during trading on Friday, reaching $109.61. The company had a trading volume of 1,489,998 shares, compared to its average volume of 2,328,815. The firm's 50 day simple moving average is $99.68 and its two-hundred day simple moving average is $97.54. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.56 and a quick ratio of 0.56. Arch Capital Group Ltd. has a one year low of $87.05 and a one year high of $113.63. The company has a market capitalization of $37.40 billion, a PE ratio of 8.96, a PEG ratio of 3.55 and a beta of 0.22.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Tuesday, October 27th. The insurance provider reported $2.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.31 by $0.36. Arch Capital Group had a return on equity of 16.62% and a net margin of 23.31%. The firm had revenue of $4.66 billion during the quarter, compared to analysts' expectations of $4.06 billion. During the same quarter in the prior year, the business earned $2.77 earnings per share. Sell-side analysts forecast that Arch Capital Group Ltd. will post 10.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Mizuho set a $100.00 price objective on shares of Arch Capital Group and gave the stock a "neutral" rating in a report on Wednesday, September 16th. UBS Group lifted their target price on shares of Arch Capital Group from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Monday, November 2nd. Bank of America boosted their target price on shares of Arch Capital Group from $129.00 to $131.00 and gave the stock a "buy" rating in a research report on Monday, October 12th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $106.00 price target (up from $95.00) on shares of Arch Capital Group in a report on Tuesday, November 3rd. Finally, Weiss Ratings raised Arch Capital Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, October 9th. Seven 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. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $111.65.

Institutional Investors Weigh In On Arch Capital Group

Hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its stake in shares of Arch Capital Group by 8.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,494,644 shares of the insurance provider's stock valued at $423,665,000 after buying an additional 354,742 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Arch Capital Group by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,173,885 shares of the insurance provider's stock valued at $400,643,000 after buying an additional 117,929 shares in the last quarter. Madison Asset Management LLC bought a new position in shares of Arch Capital Group in the second quarter valued at about $368,808,000. First Trust Advisors LP lifted its position in Arch Capital Group by 319.5% during the 1st quarter. First Trust Advisors LP now owns 2,626,148 shares of the insurance provider's stock worth $252,084,000 after buying an additional 2,000,162 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in Arch Capital Group by 10.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,259,582 shares of the insurance provider's stock worth $208,695,000 after buying an additional 210,609 shares in the last quarter. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Company Profile

Arch Capital Group Ltd. is a global insurance and reinsurance company headquartered in Bermuda. Through its insurance, reinsurance and mortgage insurance operations, it provides coverage and risk-management solutions to businesses, financial institutions and other customers. The company's offerings include property and casualty insurance, specialty coverage and reinsurance for risks such as property, casualty and professional liability. Its mortgage insurance business serves lenders and borrowers, primarily in the United States.

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