Arch Capital Group Ltd. (NASDAQ:ACGL) Director Brian S. Posner purchased 2,500 shares of the stock in a transaction dated Monday, November 5th. The stock was acquired at an average price of $22.45 per share, for a total transaction of $56,125.00. Following the completion of the transaction, the director now directly owns 2,500 shares of the company’s stock, valued at $56,125. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NASDAQ ACGL opened at $27.88 on Wednesday. Arch Capital Group Ltd. has a 1 year low of $25.71 and a 1 year high of $32.37. The company has a market cap of $11.36 billion, a P/E ratio of 26.06, a PEG ratio of 1.14 and a beta of 0.66. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.31.
Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, October 30th. The insurance provider reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.07. Arch Capital Group had a net margin of 15.15% and a return on equity of 10.41%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the business earned ($0.13) earnings per share. Arch Capital Group’s revenue was up .6% compared to the same quarter last year. Sell-side analysts anticipate that Arch Capital Group Ltd. will post 2.23 earnings per share for the current year.
Several research firms have recently commented on ACGL. BidaskClub upgraded shares of Arch Capital Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 21st. TheStreet upgraded shares of Arch Capital Group from a “c” rating to a “b-” rating in a research report on Monday, July 30th. Zacks Investment Research upgraded shares of Arch Capital Group from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Tuesday, July 17th. Credit Suisse Group began coverage on shares of Arch Capital Group in a research report on Tuesday, August 7th. They set a “neutral” rating and a $34.00 target price on the stock. Finally, Royal Bank of Canada restated a “buy” rating on shares of Arch Capital Group in a research report on Thursday, August 2nd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Arch Capital Group has an average rating of “Hold” and a consensus price target of $27.64.
Institutional investors and hedge funds have recently made changes to their positions in the business. Captrust Financial Advisors boosted its holdings in shares of Arch Capital Group by 2,284.8% in the 2nd quarter. Captrust Financial Advisors now owns 4,078 shares of the insurance provider’s stock valued at $108,000 after purchasing an additional 3,907 shares during the last quarter. Hall Laurie J Trustee boosted its holdings in shares of Arch Capital Group by 200.0% in the 2nd quarter. Hall Laurie J Trustee now owns 4,989 shares of the insurance provider’s stock valued at $132,000 after purchasing an additional 3,326 shares during the last quarter. D Orazio & Associates Inc. boosted its holdings in shares of Arch Capital Group by 200.0% in the 2nd quarter. D Orazio & Associates Inc. now owns 5,400 shares of the insurance provider’s stock valued at $143,000 after purchasing an additional 3,600 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in shares of Arch Capital Group by 226.1% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 5,880 shares of the insurance provider’s stock valued at $156,000 after purchasing an additional 4,077 shares during the last quarter. Finally, Cerebellum GP LLC acquired a new position in shares of Arch Capital Group in the 3rd quarter valued at $156,000. Institutional investors own 80.62% of the company’s stock.
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About Arch Capital Group
Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.
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