Louis T. Petrillo Sells 2,990 Shares of Arch Capital Group Ltd. (ACGL) Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) insider Louis T. Petrillo sold 2,990 shares of Arch Capital Group stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $94.98, for a total transaction of $283,990.20. Following the sale, the insider now owns 56,268 shares of the company’s stock, valued at approximately $5,344,334.64. The sale was disclosed in a document filed with the SEC, which is available through this link.

Arch Capital Group Ltd. (NASDAQ:ACGL) traded up 0.13% during midday trading on Friday, reaching $94.43. The company’s stock had a trading volume of 879,091 shares. Arch Capital Group Ltd. has a 1-year low of $67.50 and a 1-year high of $99.21. The company’s 50-day moving average price is $95.63 and its 200-day moving average price is $92.14. The company has a market capitalization of $12.66 billion, a price-to-earnings ratio of 16.01 and a beta of 0.66.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, April 25th. The insurance provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. Arch Capital Group had a return on equity of 8.85% and a net margin of 16.92%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the firm earned $1.20 earnings per share. On average, analysts predict that Arch Capital Group Ltd. will post $5.42 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Arch Capital Group (NASDAQ:ACGL)

TRADEMARK VIOLATION WARNING: This report was first published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this report on another website, it was illegally stolen and reposted in violation of United States and international trademark and copyright laws. The legal version of this report can be read at https://www.chaffeybreeze.com/2017/06/18/arch-capital-group-ltd-acgl-insider-louis-t-petrillo-sells-2990-shares-updated-updated.html.

A number of hedge funds and other institutional investors have recently bought and sold shares of ACGL. Russell Investments Group Ltd. acquired a new position in Arch Capital Group during the fourth quarter valued at $47,646,000. D.A. Davidson & CO. raised its stake in shares of Arch Capital Group by 4.4% in the third quarter. D.A. Davidson & CO. now owns 43,326 shares of the insurance provider’s stock worth $3,433,000 after buying an additional 1,836 shares during the period. UBS Group AG raised its stake in shares of Arch Capital Group by 195.3% in the third quarter. UBS Group AG now owns 65,489 shares of the insurance provider’s stock worth $5,190,000 after buying an additional 43,313 shares during the period. HighTower Advisors LLC raised its stake in shares of Arch Capital Group by 28.7% in the third quarter. HighTower Advisors LLC now owns 8,969 shares of the insurance provider’s stock worth $711,000 after buying an additional 2,001 shares during the period. Finally, Dynamic Capital Management Ltd purchased a new stake in shares of Arch Capital Group during the third quarter worth approximately $2,771,000. Hedge funds and other institutional investors own 77.66% of the company’s stock.

A number of research firms have weighed in on ACGL. BidaskClub cut shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Wells Fargo & Company reissued a “hold” rating on shares of Arch Capital Group in a report on Wednesday, April 26th. Keefe, Bruyette & Woods set a $95.00 target price on shares of Arch Capital Group and gave the stock a “hold” rating in a research note on Thursday, April 6th. Deutsche Bank AG increased their price target on shares of Arch Capital Group from $78.00 to $87.00 and gave the stock a “hold” rating in a research report on Thursday, March 30th. Finally, Morgan Stanley raised their target price on shares of Arch Capital Group from $90.00 to $96.00 and gave the company an “equal weight” rating in a report on Friday, April 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $91.50.

Arch Capital Group Company Profile

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

Receive News & Ratings for Arch Capital Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply