Insider Selling: Arch Capital Group Ltd. (NASDAQ:ACGL) Insider Sells $1,055,600.00 in Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the transaction, the insider now owns 140,023 shares of the company’s stock, valued at $12,742,093. The trade was a 7.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Arch Capital Group Trading Down 0.4 %

Shares of Arch Capital Group stock opened at $91.00 on Friday. The firm’s 50 day moving average is $91.96 and its 200 day moving average is $100.04. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 1 year low of $87.00 and a 1 year high of $116.47. The firm has a market capitalization of $34.16 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping the consensus estimate of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same quarter in the prior year, the firm posted $2.45 EPS. Equities research analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in shares of Arch Capital Group in the 4th quarter valued at $437,291,000. Madison Investment Advisors LLC purchased a new stake in Arch Capital Group during the fourth quarter valued at about $410,010,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Arch Capital Group by 245.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider’s stock valued at $341,652,000 after purchasing an additional 2,168,897 shares during the last quarter. First Trust Advisors LP lifted its holdings in Arch Capital Group by 663.3% during the fourth quarter. First Trust Advisors LP now owns 2,462,382 shares of the insurance provider’s stock valued at $227,401,000 after purchasing an additional 2,139,782 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Arch Capital Group during the fourth quarter valued at about $151,342,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on ACGL. Barclays cut their price target on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. lowered their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Wells Fargo & Company lowered their price target on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Morgan Stanley lowered their price target on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Finally, UBS Group lowered their price target on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Arch Capital Group has an average rating of “Moderate Buy” and a consensus price target of $117.19.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.