Arch Capital Group Ltd. (NASDAQ:ACGL) Director Yiorgos Lillikas sold 2,000 shares of the stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $32.30, for a total transaction of $64,600.00. Following the transaction, the director now directly owns 51,214 shares in the company, valued at $1,654,212.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
NASDAQ ACGL traded up $0.21 on Friday, hitting $32.88. 49,503 shares of the company were exchanged, compared to its average volume of 1,067,332. The firm has a market cap of $13.07 billion, a PE ratio of 14.93, a P/E/G ratio of 1.15 and a beta of 0.68. Arch Capital Group Ltd. has a 12 month low of $24.79 and a 12 month high of $32.83. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.30.
Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Tuesday, February 12th. The insurance provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.08. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.38 billion. Arch Capital Group had a net margin of 13.91% and a return on equity of 10.13%. During the same period in the prior year, the firm earned $1.34 earnings per share. On average, equities analysts predict that Arch Capital Group Ltd. will post 2.56 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the business. Enlightenment Research LLC bought a new position in shares of Arch Capital Group in the fourth quarter valued at $35,000. NumerixS Investment Technologies Inc bought a new position in shares of Arch Capital Group in the fourth quarter valued at $90,000. Ffcm LLC bought a new position in shares of Arch Capital Group in the fourth quarter valued at $106,000. Rehmann Capital Advisory Group lifted its stake in shares of Arch Capital Group by 2,880.4% in the third quarter. Rehmann Capital Advisory Group now owns 4,113 shares of the insurance provider’s stock valued at $138,000 after buying an additional 3,975 shares in the last quarter. Finally, ETF Managers Group LLC lifted its stake in shares of Arch Capital Group by 15.7% in the fourth quarter. ETF Managers Group LLC now owns 4,566 shares of the insurance provider’s stock valued at $122,000 after buying an additional 621 shares in the last quarter. 80.42% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on ACGL. Zacks Investment Research lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Monday, November 26th. JMP Securities reissued a “hold” rating on shares of Arch Capital Group in a research note on Sunday, February 17th. BidaskClub lowered shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research note on Friday, November 30th. Finally, Wells Fargo & Co reissued a “hold” rating and set a $30.00 target price on shares of Arch Capital Group in a research note on Thursday, December 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $30.67.
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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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