Arch Capital Group Ltd. (ACGL) Insider Louis T. Petrillo Sells 5,921 Shares

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 brokerages recently commented on ACGL. BidaskClub lowered Arch Capital Group from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $101.00 price target on shares of Arch Capital Group in a research note on Wednesday, December 6th. UBS reiterated a “buy” rating on shares of Arch Capital Group in a research report on Monday, October 30th. Wells Fargo & Company set a $100.00 price objective on Arch Capital Group and gave the company a “hold” rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research upgraded Arch Capital Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Arch Capital Group presently has an average rating of “Hold” and an average price target of $100.80.

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.

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

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