Nicolas Papadopoulo Sells 80,694 Shares of Arch Capital Group Ltd. (ACGL) Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) CEO Nicolas Papadopoulo sold 80,694 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $93.80, for a total value of $7,569,097.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Arch Capital Group Ltd. (ACGL) opened at 97.69 on Wednesday. The stock’s 50 day moving average price is $96.69 and its 200 day moving average price is $95.54. The firm has a market capitalization of $13.14 billion, a PE ratio of 17.77 and a beta of 0.67. Arch Capital Group Ltd. has a 52-week low of $76.47 and a 52-week high of $99.47.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Wednesday, July 26th. The insurance provider reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.01. Arch Capital Group had a return on equity of 8.76% and a net margin of 15.65%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the company earned $1.13 earnings per share. The company’s revenue for the quarter was up 22.0% compared to the same quarter last year. Analysts expect that Arch Capital Group Ltd. will post $5.31 earnings per share for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Legal & General Group Plc increased its position in shares of Arch Capital Group by 7.7% during the first quarter. Legal & General Group Plc now owns 677,060 shares of the insurance provider’s stock worth $64,162,000 after acquiring an additional 48,635 shares during the last quarter. Swiss National Bank increased its position in shares of Arch Capital Group by 8.0% during the second quarter. Swiss National Bank now owns 842,768 shares of the insurance provider’s stock worth $78,622,000 after acquiring an additional 62,700 shares during the last quarter. Eagle Asset Management Inc. increased its position in shares of Arch Capital Group by 87.0% during the first quarter. Eagle Asset Management Inc. now owns 114,756 shares of the insurance provider’s stock worth $9,383,000 after acquiring an additional 53,384 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Arch Capital Group by 33.5% during the first quarter. Nomura Asset Management Co. Ltd. now owns 75,053 shares of the insurance provider’s stock worth $7,113,000 after acquiring an additional 18,822 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Arch Capital Group by 0.7% during the first quarter. Principal Financial Group Inc. now owns 1,819,732 shares of the insurance provider’s stock worth $172,456,000 after acquiring an additional 12,071 shares during the last quarter. 76.92% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on the company. Buckingham Research assumed coverage on Arch Capital Group in a research report on Monday. They set a “buy” rating and a $106.00 price objective for the company. Keefe, Bruyette & Woods set a $100.00 price objective on Arch Capital Group and gave the stock a “hold” rating in a research report on Friday, August 11th. BidaskClub cut Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Arch Capital Group in a research report on Wednesday, July 26th. Finally, Zacks Investment Research cut Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price 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.

Insider Buying and Selling by Quarter for Arch Capital Group (NASDAQ:ACGL)

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