Arch Capital Group Ltd. (NASDAQ:ACGL) CEO Andrew Rippert sold 3,593 shares of the company’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $27.83, for a total transaction of $99,993.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
NASDAQ ACGL opened at $27.92 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $11.43 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 1.15 and a beta of 0.66. Arch Capital Group Ltd. has a 12-month low of $25.71 and a 12-month high of $32.37.
Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, October 30th. The insurance provider reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.07. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.19 billion. Arch Capital Group had a net margin of 15.15% and a return on equity of 10.30%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.13) EPS. On average, research analysts forecast that Arch Capital Group Ltd. will post 2.23 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors lifted its holdings in shares of Arch Capital Group by 2,284.8% during the 2nd quarter. Captrust Financial Advisors now owns 4,078 shares of the insurance provider’s stock worth $108,000 after acquiring an additional 3,907 shares during the period. Hall Laurie J Trustee lifted its holdings in shares of Arch Capital Group by 200.0% during the 2nd quarter. Hall Laurie J Trustee now owns 4,989 shares of the insurance provider’s stock worth $132,000 after acquiring an additional 3,326 shares during the period. Rehmann Capital Advisory Group lifted its holdings in shares of Arch Capital Group by 2,880.4% during the 3rd quarter. Rehmann Capital Advisory Group now owns 4,113 shares of the insurance provider’s stock worth $138,000 after acquiring an additional 3,975 shares during the period. D Orazio & Associates Inc. lifted its holdings in shares of Arch Capital Group by 200.0% during the 2nd quarter. D Orazio & Associates Inc. now owns 5,400 shares of the insurance provider’s stock worth $143,000 after acquiring an additional 3,600 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of Arch Capital Group by 226.1% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 5,880 shares of the insurance provider’s stock worth $156,000 after acquiring an additional 4,077 shares during the period. 80.36% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently commented on ACGL. BidaskClub lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Friday, August 31st. TheStreet raised shares of Arch Capital Group from a “c” rating to a “b-” rating in a report on Monday, July 30th. Bank of America boosted their price objective on shares of Arch Capital Group from $28.00 to $30.00 and gave the company an “underperform” rating in a report on Wednesday, August 1st. Credit Suisse Group initiated coverage on shares of Arch Capital Group in a report on Tuesday, August 7th. They issued a “neutral” rating and a $34.00 price objective for the company. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Arch Capital Group in a report on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Arch Capital Group has an average rating of “Hold” and an average target price of $26.54.
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Arch Capital Group Company Profile
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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