Arch Capital Group (NASDAQ:ACGL) CEO Sells $2,112,078.30 in Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) CEO Nicolas Papadopoulo sold 21,930 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $96.31, for a total value of $2,112,078.30. Following the completion of the sale, the chief executive officer owned 871,594 shares in the company, valued at approximately $83,943,218.14. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Arch Capital Group Stock Down 0.8%

Shares of NASDAQ ACGL opened at $93.47 on Friday. The business has a 50-day moving average of $96.21 and a two-hundred day moving average of $93.03. The company has a market capitalization of $33.26 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 3.80 and a beta of 0.40. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $103.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.53 and a quick ratio of 0.53.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.64. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.The business had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter in the prior year, the business posted $2.26 EPS. On average, analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Arch Capital Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new position in shares of Arch Capital Group during the fourth quarter worth approximately $27,000. WealthCollab LLC raised its position in Arch Capital Group by 410.3% in 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 during the last quarter. JPL Wealth Management LLC acquired a new stake in Arch Capital Group during the 3rd quarter worth $28,000. Aventura Private Wealth LLC acquired a new stake in Arch Capital Group during the 4th quarter worth $30,000. Finally, Grove Bank & Trust purchased a new position in Arch Capital Group during the 4th quarter worth $30,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

ACGL has been the topic of several recent analyst reports. UBS Group reiterated a “buy” rating and issued a $114.00 price target (up from $113.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. The Goldman Sachs Group restated a “sell” rating and issued a $93.00 target price (up from $84.00) on shares of Arch Capital Group in a report on Wednesday, January 7th. Royal Bank Of Canada increased their target price on shares of Arch Capital Group from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. JPMorgan Chase & Co. lifted their price target on shares of Arch Capital Group from $111.00 to $117.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 7th. Finally, Wells Fargo & Company boosted their price target on shares of Arch Capital Group from $106.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently 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.