Arch Capital Group Ltd. (NASDAQ:ACGL) insider Louis T. Petrillo sold 5,921 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $91.07, for a total value of $539,225.47. Following the completion of the sale, the insider now directly owns 43,268 shares in the company, valued at approximately $3,940,416.76. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Arch Capital Group Ltd. (NASDAQ:ACGL) traded up $2.21 during mid-day trading on Friday, hitting $92.01. The stock had a trading volume of 1,025,485 shares, compared to its average volume of 463,175. The company has a market capitalization of $11,844.10, a P/E ratio of 30.47, a P/E/G ratio of 2.55 and a beta of 0.67. Arch Capital Group Ltd. has a 12 month low of $84.21 and a 12 month high of $102.60. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.49.
Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.20). The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.16 billion. Arch Capital Group had a return on equity of 5.57% and a net margin of 9.44%. The company’s revenue was up 30.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 EPS. analysts predict that Arch Capital Group Ltd. will post 3.23 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in ACGL. Citadel Advisors LLC raised its position in shares of Arch Capital Group by 1,388.0% during the second quarter. Citadel Advisors LLC now owns 2,088,015 shares of the insurance provider’s stock worth $194,792,000 after acquiring an additional 1,947,691 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Arch Capital Group by 5,723.3% in the second quarter. Janus Henderson Group PLC now owns 1,074,932 shares of the insurance provider’s stock valued at $100,280,000 after purchasing an additional 1,056,473 shares during the last quarter. Vanguard Group Inc. increased its holdings in Arch Capital Group by 7.7% in the second quarter. Vanguard Group Inc. now owns 10,331,707 shares of the insurance provider’s stock valued at $963,845,000 after purchasing an additional 742,855 shares during the last quarter. FMR LLC increased its holdings in Arch Capital Group by 21.0% in the second quarter. FMR LLC now owns 2,294,852 shares of the insurance provider’s stock valued at $214,087,000 after purchasing an additional 398,988 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Arch Capital Group by 32.6% in the second quarter. Goldman Sachs Group Inc. now owns 1,609,474 shares of the insurance provider’s stock valued at $150,148,000 after purchasing an additional 395,629 shares during the last quarter. Institutional investors own 79.50% of the company’s stock.
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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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