Arch Capital Group Ltd. (ACGL) SVP W Preston Hutchings Sells 12,500 Shares

Arch Capital Group Ltd. (NASDAQ:ACGL) SVP W Preston Hutchings sold 12,500 shares of Arch Capital Group stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $96.81, for a total value of $1,210,125.00. Following the completion of the transaction, the senior vice president now owns 39,411 shares of the company’s stock, valued at approximately $3,815,378.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) opened at 96.14 on Friday. The stock has a market capitalization of $12.93 billion, a price-to-earnings ratio of 17.49 and a beta of 0.67. The firm’s 50-day moving average price is $96.20 and its 200 day moving average price is $94.79. Arch Capital Group Ltd. has a 1-year low of $74.16 and a 1-year high of $99.47.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Wednesday, July 26th. The insurance provider reported $1.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.01. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.28 billion. Arch Capital Group had a net margin of 15.65% and a return on equity of 8.76%. The company’s revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.13 EPS. Equities research analysts expect that Arch Capital Group Ltd. will post $5.35 earnings per share for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the company. Virtu KCG Holdings LLC increased its stake in Arch Capital Group by 24.4% in the second quarter. Virtu KCG Holdings LLC now owns 4,184 shares of the insurance provider’s stock valued at $390,000 after buying an additional 822 shares during the last quarter. Citadel Advisors LLC increased its stake in Arch Capital Group by 1,388.0% in the second quarter. Citadel Advisors LLC now owns 2,088,015 shares of the insurance provider’s stock valued at $194,792,000 after buying an additional 1,947,691 shares during the last quarter. Renaissance Technologies LLC increased its stake in Arch Capital Group by 30.7% in the second quarter. Renaissance Technologies LLC now owns 1,265,000 shares of the insurance provider’s stock valued at $118,012,000 after buying an additional 297,300 shares during the last quarter. Nordea Investment Management AB increased its stake in Arch Capital Group by 3.1% in the second quarter. Nordea Investment Management AB now owns 3,300 shares of the insurance provider’s stock valued at $308,000 after buying an additional 100 shares during the last quarter. Finally, Quantbot Technologies LP increased its stake in Arch Capital Group by 9,456.6% in the second quarter. Quantbot Technologies LP now owns 9,461 shares of the insurance provider’s stock valued at $882,000 after buying an additional 9,362 shares during the last quarter. 70.23% of the stock is owned by institutional investors.

Several equities analysts recently weighed in on the company. Wells Fargo & Company restated a “hold” rating on shares of Arch Capital Group in a research note on Wednesday, April 26th. Morgan Stanley lifted their price target on Arch Capital Group from $90.00 to $96.00 and gave the company an “equal weight” rating in a research note on Friday, April 28th. BidaskClub upgraded Arch Capital Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Keefe, Bruyette & Woods set a $100.00 price target on Arch Capital Group and gave the company a “hold” rating in a research note on Friday. Finally, Zacks Investment Research lowered Arch Capital Group from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. Arch Capital Group currently has an average rating of “Hold” and an average target price of $92.55.

Arch Capital Group Company Profile

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

Insider Buying and Selling by Quarter for Arch Capital Group (NASDAQ:ACGL)

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