Key Points
- Arch Capital Group director Brian Posner sold 2,000 shares on May 11 at an average price of $17.14, totaling $34,280, according to an SEC filing.
- The company recently reported Q1 earnings of $2.50 per share on $4.52 billion in revenue, with a net margin of 24.64% and return on equity of 17.61%.
- Wall Street sentiment is mixed, with 8 Buy, 8 Hold, and 1 Sell rating; the consensus target price is $106.32, and institutional investors own 89.07% of the stock.
Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) Director Brian Posner sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $17.14, for a total value of $34,280.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Arch Capital Group Price Performance
ACGL opened at $94.31 on Wednesday. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $103.39. The company has a market cap of $32.95 billion, a price-to-earnings ratio of 7.24, a price-to-earnings-growth ratio of 5.15 and a beta of 0.35. 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 fifty day simple moving average of $95.77 and a two-hundred day simple moving average of $94.52.
Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. The business had revenue of $4.52 billion during the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. Research analysts predict that Arch Capital Group Ltd. will post 9.3 earnings per share for the current fiscal year.
Institutional Trading of Arch Capital Group
Several institutional investors have recently added to or reduced their stakes in the company. 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 worth $65,000 after purchasing an additional 412 shares during the period. Sivia Capital Partners LLC bought a new position in Arch Capital Group in the second quarter worth approximately $253,000. CW Advisors LLC increased its holdings in Arch Capital Group by 6.5% during the 2nd quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider's stock worth $282,000 after purchasing an additional 189 shares during the period. Jump Financial LLC bought a new stake in Arch Capital Group during the 2nd quarter valued at $667,000. Finally, Cerity Partners LLC lifted its holdings in shares of Arch Capital Group by 11.6% in 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 during the period. Institutional investors own 89.07% of the company's stock.
Wall Street Analysts Forecast Growth
ACGL has been the topic of several recent analyst reports. Barclays increased their target price on Arch Capital Group from $104.00 to $106.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 8th. Weiss Ratings raised Arch Capital Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, February 4th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $100.00 price objective (up from $97.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. JPMorgan Chase & Co. lowered their target price on shares of Arch Capital Group from $117.00 to $110.00 and set a "neutral" rating on the stock in a research note on Monday, April 20th. Finally, Mizuho dropped their price target on Arch Capital Group from $102.00 to $101.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 5th. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $106.32.
Get Our Latest Stock Analysis on Arch Capital Group
Arch Capital Group Company Profile
(
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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