Insider Selling: Arch Capital Group (NASDAQ:ACGL) CFO Sells $1,093,513.20 in Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) CFO Francois Morin sold 11,010 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $99.32, for a total value of $1,093,513.20. Following the completion of the sale, the chief financial officer owned 184,826 shares in the company, valued at $18,356,918.32. The trade was a 5.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Arch Capital Group Trading Up 0.1%

NASDAQ:ACGL opened at $99.39 on Friday. The company has a market cap of $33.91 billion, a P/E ratio of 7.77, a price-to-earnings-growth ratio of 4.89 and a beta of 0.31. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $107.08. The business has a 50 day moving average price of $98.93 and a two-hundred day moving average price of $96.75. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.23.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.09. The company had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.36 billion. Arch Capital Group had a net margin of 24.40% and a return on equity of 17.06%. During the same period last year, the company earned $2.58 earnings per share. As a group, analysts expect that Arch Capital Group Ltd. will post 9.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. raised its position in Arch Capital Group by 157.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock worth $65,000 after buying an additional 412 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Arch Capital Group during the 2nd quarter valued at about $253,000. CW Advisors LLC grew its stake in shares of Arch Capital Group by 6.5% in the second quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider’s stock worth $282,000 after acquiring an additional 189 shares during the period. Jump Financial LLC bought a new stake in shares of Arch Capital Group in the second quarter worth approximately $667,000. Finally, Cerity Partners LLC raised its holdings in shares of Arch Capital Group by 11.6% during the second quarter. Cerity Partners LLC now owns 47,486 shares of the insurance provider’s stock valued at $4,324,000 after purchasing an additional 4,933 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

ACGL has been the topic of several analyst reports. Morgan Stanley boosted their price target on shares of Arch Capital Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. UBS Group restated a “buy” rating and issued a $120.00 price objective (up from $114.00) on shares of Arch Capital Group in a report on Wednesday, July 8th. JPMorgan Chase & Co. lifted their target price on Arch Capital Group from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Atlantic Securities set a $126.00 price target on Arch Capital Group in a research report on Wednesday, July 15th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $120.00 price target (up from $115.00) on shares of Arch Capital Group in a research note on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Arch Capital Group has an average rating of “Hold” and an average price target of $111.11.

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.