Brian Posner Sells 3,000 Shares of Arch Capital Group (NASDAQ:ACGL) Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) Director Brian Posner sold 3,000 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $17.11, for a total transaction of $51,330.00. Following the transaction, the director owned 2,000 shares of the company’s stock, valued at $34,220. This represents a 60.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Arch Capital Group Stock Down 0.8%

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

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.93 billion during the quarter, compared to analyst estimates of $3.94 billion. During the same period in the previous year, the business posted $2.26 EPS. As a group, sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Institutional Trading of Arch Capital Group

Institutional investors have recently modified their holdings of the company. Elyxium Wealth LLC bought a new stake in Arch Capital Group in the fourth quarter worth about $27,000. WealthCollab LLC boosted its position in shares of Arch Capital Group by 410.3% during the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 238 shares in the last quarter. JPL Wealth Management LLC bought a new position in shares of Arch Capital Group during the 3rd quarter valued at about $28,000. Aventura Private Wealth LLC acquired a new position in shares of Arch Capital Group in the 4th quarter worth approximately $30,000. Finally, Grove Bank & Trust acquired a new position in shares of Arch Capital Group in the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Cantor Fitzgerald reissued a “neutral” rating and issued a $100.00 price objective (up from $97.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Keefe, Bruyette & Woods reaffirmed 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. JPMorgan Chase & Co. boosted their price target on Arch Capital Group from $111.00 to $117.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 7th. Weiss Ratings raised Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 4th. Finally, UBS Group reissued a “buy” rating and set a $114.00 price target (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $109.20.

About Arch Capital Group

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.