David Gansberg Sells 5,907 Shares of Arch Capital Group (NASDAQ:ACGL) Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) insider David Gansberg sold 5,907 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total transaction of $569,257.59. Following the sale, the insider owned 336,559 shares in the company, valued at $32,434,190.83. The trade was a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Arch Capital Group Stock Down 0.8%

Shares of NASDAQ:ACGL opened at $93.47 on Friday. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $103.39. The firm’s 50 day moving average price is $96.21 and its 200 day moving average price is $93.01. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.13. The stock has a market cap of $33.26 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 3.83 and a beta of 0.40.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, topping the consensus estimate of $2.34 by $0.64. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. The company had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter in the previous year, the business posted $2.26 EPS. As a group, equities research analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Arch Capital Group

A number of hedge funds have recently modified their holdings of ACGL. World Investment Advisors raised its position in Arch Capital Group by 19.8% in the 4th quarter. World Investment Advisors now owns 6,930 shares of the insurance provider’s stock valued at $665,000 after purchasing an additional 1,145 shares during the last quarter. Meadowbrook Advisors Group LLC purchased a new stake in Arch Capital Group in the 4th quarter valued at $1,319,000. Hsbc Holdings PLC boosted its stake in Arch Capital Group by 4.8% during the 4th quarter. Hsbc Holdings PLC now owns 389,698 shares of the insurance provider’s stock worth $37,551,000 after purchasing an additional 17,832 shares during the period. Pure Financial Advisors LLC acquired a new stake in Arch Capital Group during the 4th quarter worth $207,000. Finally, Caitong International Asset Management Co. Ltd grew its position in Arch Capital Group by 95.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,701 shares of the insurance provider’s stock worth $163,000 after purchasing an additional 830 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ACGL. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $104.00 target price (up from $102.00) on shares of Arch Capital Group in a research note on Thursday, February 12th. Weiss Ratings upgraded Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 4th. Citigroup reaffirmed a “buy” rating and set a $120.00 price target (up from $113.00) on shares of Arch Capital Group in a report on Friday, February 13th. Mizuho upped their price objective on Arch Capital Group from $95.00 to $102.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Finally, The Goldman Sachs Group reiterated a “sell” rating and issued a $93.00 price objective (up from $84.00) on shares of Arch Capital Group in a report on Wednesday, January 7th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $109.20.

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.