Nicolas Papadopoulo Sells 38,918 Shares of Arch Capital Group Ltd. (ACGL) Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) CEO Nicolas Papadopoulo sold 38,918 shares of Arch Capital Group stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $97.23, for a total value of $3,783,997.14. Following the transaction, the chief executive officer now owns 182,035 shares in the company, valued at $17,699,263.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Nicolas Papadopoulo also recently made the following trade(s):

  • On Friday, September 8th, Nicolas Papadopoulo sold 80,694 shares of Arch Capital Group stock. The stock was sold at an average price of $93.80, for a total value of $7,569,097.20.

Shares of Arch Capital Group Ltd. (ACGL) opened at 96.48 on Friday. The firm has a 50 day moving average price of $96.56 and a 200 day moving average price of $95.58. Arch Capital Group Ltd. has a 1-year low of $76.47 and a 1-year high of $99.47. The firm has a market cap of $12.98 billion, a P/E ratio of 17.55 and a beta of 0.67.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.01. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Arch Capital Group had a net margin of 15.65% and a return on equity of 8.76%. The business’s revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.13 EPS. Analysts anticipate that Arch Capital Group Ltd. will post $5.28 EPS for the current year.

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Several research analysts have weighed in on ACGL shares. Buckingham Research started coverage on Arch Capital Group in a report on Monday. They set a “buy” rating and a $106.00 target price on the stock. Wells Fargo & Company reiterated a “hold” rating on shares of Arch Capital Group in a report on Wednesday, June 14th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $95.00 target price on shares of Arch Capital Group in a report on Tuesday, July 4th. BidaskClub upgraded Arch Capital Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, Zacks Investment Research lowered Arch Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $95.63.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Arch Capital Group by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 10,331,707 shares of the insurance provider’s stock worth $963,845,000 after purchasing an additional 742,855 shares in the last quarter. BlackRock Inc. boosted its position in shares of Arch Capital Group by 3,410.5% during the 1st quarter. BlackRock Inc. now owns 8,769,351 shares of the insurance provider’s stock worth $831,073,000 after purchasing an additional 8,519,546 shares in the last quarter. State Street Corp boosted its position in shares of Arch Capital Group by 1.4% during the 1st quarter. State Street Corp now owns 2,915,052 shares of the insurance provider’s stock worth $276,253,000 after purchasing an additional 40,737 shares in the last quarter. FMR LLC boosted its position in shares of Arch Capital Group by 21.0% during the 2nd quarter. FMR LLC now owns 2,294,852 shares of the insurance provider’s stock worth $214,087,000 after purchasing an additional 398,988 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Arch Capital Group by 13.3% during the 2nd quarter. Wells Fargo & Company MN now owns 2,237,908 shares of the insurance provider’s stock worth $208,774,000 after purchasing an additional 262,893 shares in the last quarter. 76.92% of the stock is currently owned by institutional investors.

About Arch Capital Group

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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