Louis T. Petrillo Sells 16,650 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) Stock

Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) insider Louis T. Petrillo sold 16,650 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.53, for a total transaction of $1,573,924.50. Following the completion of the transaction, the insider now directly owns 140,023 shares of the company's stock, valued at approximately $13,236,374.19. The trade was a 10.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Arch Capital Group Stock Performance

Shares of ACGL traded up $1.36 during mid-day trading on Thursday, hitting $92.21. 409,548 shares of the company's stock were exchanged, compared to its average volume of 1,727,880. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47. The stock's 50-day simple moving average is $92.32 and its 200-day simple moving average is $93.73. The firm has a market cap of $34.56 billion, a price-to-earnings ratio of 8.23, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.05). Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The business had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.75 billion. During the same period in the prior year, the business posted $2.45 earnings per share. The firm's revenue for the quarter was up 10.5% compared to the same quarter last year. On average, equities research analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ACGL. Barclays reduced 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 research note on Friday, April 11th. UBS Group reduced their price objective on shares of Arch Capital Group from $127.00 to $124.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Royal Bank of Canada reduced their price objective on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. JMP Securities restated a "market outperform" rating and set a $125.00 price objective on shares of Arch Capital Group in a research note on Wednesday, April 30th. Finally, Jefferies Financial Group increased their price objective on shares of Arch Capital Group from $105.00 to $106.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Arch Capital Group currently has an average rating of "Moderate Buy" and an average target price of $115.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ACGL. Norges Bank bought a new position in Arch Capital Group in the fourth quarter valued at approximately $437,291,000. Madison Investment Advisors LLC bought a new position in Arch Capital Group in the fourth quarter valued at approximately $410,010,000. Nuveen LLC bought a new position in Arch Capital Group in the first quarter valued at approximately $399,651,000. First Trust Advisors LP increased its stake in Arch Capital Group by 663.3% in the fourth quarter. First Trust Advisors LP now owns 2,462,382 shares of the insurance provider's stock valued at $227,401,000 after acquiring an additional 2,139,782 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Arch Capital Group by 30.5% in the first quarter. JPMorgan Chase & Co. now owns 7,470,591 shares of the insurance provider's stock valued at $718,522,000 after acquiring an additional 1,743,945 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

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.