Arch Capital Group (NASDAQ:ACGL) Director Brian Posner Sells 2,000 Shares

Arch Capital Group Ltd. (NASDAQ:ACGL) Director Brian Posner sold 2,000 shares of Arch Capital Group stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $17.14, for a total transaction of $34,280.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Arch Capital Group Trading Up 0.5%

NASDAQ ACGL opened at $94.31 on Wednesday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average of $95.77 and a 200-day moving average of $94.52. The company has a market cap of $32.95 billion, a PE ratio of 7.24, a PEG ratio of 5.15 and a beta of 0.35. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The company had revenue of $4.52 billion for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. On average, equities research analysts anticipate that Arch Capital Group Ltd. will post 9.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Arch Capital Group

Hedge funds have recently added to or reduced their stakes in the company. WCM Investment Management LLC increased its stake in Arch Capital Group by 1.3% in the 3rd quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock worth $1,214,987,000 after purchasing an additional 171,693 shares during the period. JPMorgan Chase & Co. grew its position in shares of Arch Capital Group by 4.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider’s stock worth $743,168,000 after buying an additional 360,626 shares during the last quarter. Norges Bank purchased a new stake in Arch Capital Group in the fourth quarter worth $463,208,000. Morgan Stanley boosted its holdings in Arch Capital Group by 0.8% in the fourth quarter. Morgan Stanley now owns 4,289,082 shares of the insurance provider’s stock valued at $411,409,000 after acquiring an additional 33,132 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Arch Capital Group by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,173,885 shares of the insurance provider’s stock valued at $400,643,000 after purchasing an additional 117,929 shares during the period. Institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on ACGL. Keefe, Bruyette & Woods lowered their target price on Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating for the company in a report on Tuesday, May 5th. Weiss Ratings upgraded shares of Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 4th. Citigroup increased their target price on shares of Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Morgan Stanley set a $105.00 price objective on shares of Arch Capital Group in a report on Friday, May 1st. Finally, Royal Bank Of Canada boosted their price objective on Arch Capital Group from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, February 11th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $106.32.

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.