Arch Capital Group Ltd. (NASDAQ:ACGL) CEO Andrew Rippert sold 3,500 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $94.25, for a total transaction of $329,875.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Arch Capital Group Ltd. (NASDAQ:ACGL) opened at 97.69 on Wednesday. Arch Capital Group Ltd. has a 12-month low of $76.47 and a 12-month high of $99.47. The stock has a market cap of $13.14 billion, a price-to-earnings ratio of 17.77 and a beta of 0.67. The company has a 50-day moving average of $96.69 and a 200 day moving average of $95.54.
Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.01. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.28 billion. Arch Capital Group had a return on equity of 8.76% and a net margin of 15.65%. The firm’s revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.13 EPS. Equities analysts anticipate that Arch Capital Group Ltd. will post $5.31 earnings per share for the current year.
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Several institutional investors have recently made changes to their positions in the company. Lord Abbett & CO. LLC lifted its holdings in shares of Arch Capital Group by 2.6% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,637,625 shares of the insurance provider’s stock valued at $152,774,000 after buying an additional 41,789 shares during the last quarter. Toronto Dominion Bank lifted its holdings in Arch Capital Group by 18.8% in the 2nd quarter. Toronto Dominion Bank now owns 1,596 shares of the insurance provider’s stock worth $149,000 after purchasing an additional 253 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Arch Capital Group in the 2nd quarter worth approximately $229,000. WINTON GROUP Ltd acquired a new stake in Arch Capital Group in the 2nd quarter worth approximately $726,000. Finally, Colony Group LLC lifted its holdings in Arch Capital Group by 2.4% in the 2nd quarter. Colony Group LLC now owns 28,425 shares of the insurance provider’s stock worth $2,652,000 after purchasing an additional 656 shares during the last quarter. Institutional investors and hedge funds own 76.92% of the company’s stock.
A number of equities research analysts recently commented on ACGL shares. Wells Fargo & Company reissued a “hold” rating on shares of Arch Capital Group in a research note on Wednesday, June 7th. BidaskClub cut shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 10th. Zacks Investment Research cut shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $95.00 price objective on shares of Arch Capital Group in a research note on Tuesday, July 4th. Finally, Buckingham Research started coverage on shares of Arch Capital Group in a research note on Monday. They issued a “buy” rating and a $106.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Arch Capital Group has a consensus rating of “Hold” and a consensus price target of $95.63.
Arch Capital Group Company Profile
Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.
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