Arch Capital Group (NASDAQ:ACGL) Trading Down 1.3%

Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) shares were down 1.3% during mid-day trading on Monday . The stock traded as low as $98.66 and last traded at $98.73. Approximately 215,255 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 1,690,412 shares. The stock had previously closed at $100.05.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ACGL. Citigroup reduced their price objective on Arch Capital Group from $91.00 to $89.00 and set a "neutral" rating for the company in a research report on Monday, January 22nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Arch Capital Group from $103.00 to $110.00 and gave the stock a "buy" rating in a research note on Tuesday, April 30th. JMP Securities boosted their price objective on shares of Arch Capital Group from $100.00 to $110.00 and gave the stock a "market outperform" rating in a research report on Tuesday, April 30th. StockNews.com downgraded shares of Arch Capital Group from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Bank of America upped their target price on Arch Capital Group from $105.00 to $109.00 and gave the stock a "buy" rating in a report on Tuesday, April 30th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $100.67.

Arch Capital Group Trading Down 2.1 %

The company has a market cap of $36.76 billion, a P/E ratio of 7.79, a PEG ratio of 1.19 and a beta of 0.57. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.17. The firm's 50 day moving average is $92.28 and its two-hundred day moving average is $85.30.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, topping analysts' consensus estimates of $2.06 by $0.39. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the previous year, the firm earned $1.73 earnings per share. The firm's quarterly revenue was up 19.3% on a year-over-year basis. As a group, equities research analysts anticipate that Arch Capital Group Ltd. will post 8.43 EPS for the current year.

Insider Activity

In related news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the transaction, the insider now directly owns 651,931 shares of the company's stock, valued at $57,057,001.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Arch Capital Group news, CEO David Gansberg sold 10,000 shares of the company's stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $96.64, for a total transaction of $966,400.00. Following the sale, the chief executive officer now directly owns 228,035 shares of the company's stock, valued at $22,037,302.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Nicolas Papadopoulo sold 60,000 shares of Arch Capital Group stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the completion of the transaction, the insider now owns 651,931 shares of the company's stock, valued at approximately $57,057,001.12. The disclosure for this sale can be found here. Insiders sold 145,689 shares of company stock worth $12,838,617 in the last quarter. 4.00% of the stock is owned by corporate insiders.

Institutional Trading of Arch Capital Group

A number of institutional investors have recently modified their holdings of ACGL. Vanguard Group Inc. raised its holdings in Arch Capital Group by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 40,858,890 shares of the insurance provider's stock valued at $3,776,996,000 after acquiring an additional 104,008 shares during the period. Capital World Investors boosted its position in shares of Arch Capital Group by 0.6% during the 4th quarter. Capital World Investors now owns 10,611,092 shares of the insurance provider's stock valued at $788,086,000 after acquiring an additional 58,862 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Arch Capital Group by 11.4% during the first quarter. Principal Financial Group Inc. now owns 6,800,236 shares of the insurance provider's stock worth $628,614,000 after purchasing an additional 693,608 shares in the last quarter. Davis Asset Management L.P. increased its position in shares of Arch Capital Group by 441.7% in the fourth quarter. Davis Asset Management L.P. now owns 6,500,000 shares of the insurance provider's stock worth $482,755,000 after purchasing an additional 5,300,000 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Arch Capital Group by 1.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,907,122 shares of the insurance provider's stock valued at $546,054,000 after purchasing an additional 99,329 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other 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.

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