Key Points
- Arch Capital Group director Brian Posner sold 3,000 shares on June 3 at an average price of $19.66, for a total of $58,980, according to an SEC filing.
- The stock was trading up 0.5% and opened at $88.34, with shares near the lower end of their 52-week range of $82.44 to $103.39.
- Wall Street sentiment is mixed: Arch Capital has a consensus rating of “Hold” and a consensus price target of $106.32, despite several analysts maintaining buy or outperform ratings.
Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) Director Brian Posner sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total transaction of $58,980.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Arch Capital Group Trading Up 0.5%
Shares of Arch Capital Group stock opened at $88.34 on Friday. The firm's 50 day moving average is $94.90 and its 200 day moving average is $95.07. The firm 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 current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15.
Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. The business had revenue of $4.52 billion during the quarter. Equities research analysts forecast that Arch Capital Group Ltd. will post 9.29 earnings per share for the current fiscal year.
Institutional Trading of Arch Capital Group
Several institutional investors have recently modified their holdings of ACGL. Daymark Wealth Partners LLC raised its position in Arch Capital Group by 3.4% during the 4th quarter. Daymark Wealth Partners LLC now owns 3,211 shares of the insurance provider's stock valued at $308,000 after purchasing an additional 106 shares in the last quarter. Keel Point LLC increased its holdings in shares of Arch Capital Group by 4.6% in the 3rd quarter. Keel Point LLC now owns 2,524 shares of the insurance provider's stock valued at $229,000 after acquiring an additional 112 shares during the period. Legacy Advisors LLC increased its holdings in shares of Arch Capital Group by 1.2% in the 4th quarter. Legacy Advisors LLC now owns 9,551 shares of the insurance provider's stock valued at $916,000 after acquiring an additional 112 shares during the period. Twin Capital Management Inc. increased its holdings in shares of Arch Capital Group by 1.4% in the 1st quarter. Twin Capital Management Inc. now owns 8,177 shares of the insurance provider's stock valued at $785,000 after acquiring an additional 116 shares during the period. Finally, V Square Quantitative Management LLC increased its holdings in shares of Arch Capital Group by 1.3% in the 1st quarter. V Square Quantitative Management LLC now owns 9,453 shares of the insurance provider's stock valued at $907,000 after acquiring an additional 123 shares during the period. Institutional investors own 89.07% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on Arch Capital Group from $117.00 to $110.00 and set a "neutral" rating on the stock in a report on Monday, April 20th. Weiss Ratings cut Arch Capital Group from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday, May 18th. UBS Group reiterated a "buy" rating and issued a $114.00 target price (up from $113.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Royal Bank Of Canada lifted 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. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $100.00 price target (up from $97.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $106.32.
Check Out Our Latest Stock Analysis on ACGL
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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