Arch Capital Group Ltd. (NASDAQ:ACGL – Get Free Report) Director Brian Posner sold 2,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $17.14, for a total value of $34,280.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Arch Capital Group Trading Up 0.5%
ACGL traded up $0.48 during mid-day trading on Tuesday, hitting $94.31. 2,294,493 shares of the stock were exchanged, compared to its average volume of 2,071,860. The firm’s fifty day moving average is $95.89 and its two-hundred day moving average is $94.47. Arch Capital Group Ltd. has a 1-year low of $82.44 and a 1-year high of $103.39. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. The company has a market cap of $32.95 billion, a PE ratio of 7.24, a PEG ratio of 5.15 and a beta of 0.35.
Arch Capital Group (NASDAQ:ACGL – Get Free Report) last posted its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. The firm had revenue of $4.52 billion for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. Equities analysts forecast that Arch Capital Group Ltd. will post 9.3 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
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Institutional Trading of Arch Capital Group
Several hedge funds have recently modified their holdings of the business. Bridges Investment Management Inc. acquired a new position in Arch Capital Group during the third quarter worth $1,413,000. Allianz Asset Management GmbH lifted its position in shares of Arch Capital Group by 12.5% in the third quarter. Allianz Asset Management GmbH now owns 192,567 shares of the insurance provider’s stock valued at $17,472,000 after acquiring an additional 21,323 shares in the last quarter. High Ground Investment Management LLP boosted its stake in shares of Arch Capital Group by 3.5% during the 3rd quarter. High Ground Investment Management LLP now owns 1,714,668 shares of the insurance provider’s stock worth $155,572,000 after purchasing an additional 58,151 shares during the last quarter. WCM Investment Management LLC raised its position in shares of Arch Capital Group by 1.3% in the third quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock valued at $1,214,987,000 after buying an additional 171,693 shares during the last quarter. Finally, Cooke & Bieler LP acquired a new position in shares of Arch Capital Group in the third quarter valued at approximately $210,856,000. 89.07% of the stock is owned by institutional investors and hedge funds.
Arch Capital Group Company Profile
Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.
Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.
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