Key Points
- Maamoun Rajeh sold 47,430 shares of Arch Capital (NASDAQ:ACGL) on Feb. 11 at an average price of $96.12 for about $4.56 million, reducing his stake by 9.86% to 433,589 shares (SEC filing disclosed).
- Q4 results topped EPS expectations: Arch reported $2.98 EPS versus a $2.34 consensus while revenue was $3.80 billion (slightly below estimates), with ROE of 16.73% and a net margin of 22.07%.
- The stock trades near $98 with a market cap of ~$35.7B and a P/E of 8.47; analysts hold a consensus "Hold" rating (9 Buys, 8 Holds, 1 Sell) and a consensus target of $109.27.
Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) insider Maamoun Rajeh sold 47,430 shares of the company's stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $96.12, for a total value of $4,558,971.60. Following the completion of the transaction, the insider owned 433,589 shares of the company's stock, valued at $41,676,574.68. The trade was a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Arch Capital Group Stock Performance
Shares of NASDAQ ACGL opened at $98.38 on Friday. The stock's 50-day moving average is $95.13 and its 200 day moving average is $91.88. The stock has a market cap of $35.68 billion, a price-to-earnings ratio of 8.47, a P/E/G ratio of 4.00 and a beta of 0.42. Arch Capital Group Ltd. has a 1-year low of $82.44 and a 1-year high of $103.39. The company has a current ratio of 0.53, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13.
Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.64. The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.94 billion. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.During the same quarter in the prior year, the firm earned $2.26 earnings per share. On average, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have weighed in on ACGL shares. The Goldman Sachs Group reissued a "sell" rating and issued a $93.00 price target (up from $84.00) on shares of Arch Capital Group in a research note on Wednesday, January 7th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $97.00 price objective (up previously from $93.00) on shares of Arch Capital Group in a report on Wednesday, January 14th. Royal Bank Of Canada increased their target price on Arch Capital Group from $108.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday. Evercore set a $100.00 price target on Arch Capital Group and gave the stock an "in-line" rating in a research note on Wednesday, January 7th. Finally, Weiss Ratings raised Arch Capital Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, February 4th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Arch Capital Group has an average rating of "Hold" and a consensus target price of $109.27.
Get Our Latest Research Report on Arch Capital Group
Institutional Investors Weigh In On Arch Capital Group
Several institutional investors and hedge funds have recently bought and sold shares of the business. FORA Capital LLC acquired a new position in shares of Arch Capital Group in the 4th quarter valued at $1,058,000. Transamerica Financial Advisors LLC increased its holdings in Arch Capital Group by 82.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 3,059 shares of the insurance provider's stock valued at $293,000 after purchasing an additional 1,383 shares during the last quarter. Bridgewater Associates LP lifted its stake in Arch Capital Group by 20.6% in the fourth quarter. Bridgewater Associates LP now owns 383,022 shares of the insurance provider's stock valued at $36,739,000 after buying an additional 65,328 shares during the period. UMB Bank n.a. boosted its holdings in Arch Capital Group by 25.5% during the fourth quarter. UMB Bank n.a. now owns 887 shares of the insurance provider's stock worth $85,000 after buying an additional 180 shares during the last quarter. Finally, Commerce Bank grew its position in shares of Arch Capital Group by 1.3% during the 4th quarter. Commerce Bank now owns 373,334 shares of the insurance provider's stock worth $35,810,000 after buying an additional 4,966 shares during the period. Hedge funds and other institutional investors own 89.07% of the company's stock.
Arch Capital Group Company Profile
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Get Free Report)
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.
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