Arch Capital Group (NASDAQ:ACGL) Director Brian Posner Sells 3,000 Shares of Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) Director Brian Posner sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total value of $58,980.00. The sale was disclosed in a filing with the SEC, which is available at this link.

Arch Capital Group Stock Performance

ACGL opened at $88.34 on Friday. The business has a fifty day simple moving average of $94.90 and a 200 day simple moving average of $95.07. The company has a market capitalization of $30.87 billion, a PE ratio of 6.78, a price-to-earnings-growth ratio of 4.83 and a beta of 0.32. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $103.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The firm had revenue of $4.52 billion for the quarter. Research analysts expect that Arch Capital Group Ltd. will post 9.29 EPS for the current year.

Institutional Investors Weigh In On Arch Capital Group

A number of large investors have recently bought and sold shares of ACGL. Geneos Wealth Management Inc. increased its stake in Arch Capital Group by 157.9% in the first quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock valued at $65,000 after acquiring an additional 412 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Arch Capital Group in the 2nd quarter valued at $253,000. CW Advisors LLC increased its stake in shares of Arch Capital Group by 6.5% in the 2nd quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider’s stock valued at $282,000 after purchasing an additional 189 shares during the last quarter. Jump Financial LLC bought a new position in shares of Arch Capital Group in the 2nd quarter valued at $667,000. Finally, Cerity Partners LLC raised its holdings in shares of Arch Capital Group by 11.6% during the 2nd quarter. Cerity Partners LLC now owns 47,486 shares of the insurance provider’s stock worth $4,324,000 after buying an additional 4,933 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on ACGL shares. Morgan Stanley set a $105.00 price objective on shares of Arch Capital Group in a research note on Friday, May 1st. Keefe, Bruyette & Woods decreased their target price on shares of Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating on the stock in a research report on Tuesday, May 5th. Wells Fargo & Company raised their target price on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $100.00 price target (up from $97.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Finally, Royal Bank Of Canada boosted their price target on Arch Capital Group from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.