Arch Capital Group Ltd. (NASDAQ:ACGL) Insider Sells $1,055,600.00 in Stock

Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) insider Louis T. Petrillo sold 11,600 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the transaction, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. The trade was a 7.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Arch Capital Group Stock Down 0.3 %

Shares of Arch Capital Group stock traded down $0.28 during trading on Monday, hitting $90.72. The company's stock had a trading volume of 1,856,626 shares, compared to its average volume of 1,914,603. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The company has a fifty day simple moving average of $91.96 and a two-hundred day simple moving average of $100.01. Arch Capital Group Ltd. has a 52 week low of $87.42 and a 52 week high of $116.47. The company has a market capitalization of $34.05 billion, a PE ratio of 8.10, a P/E/G ratio of 2.31 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping analysts' consensus estimates of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same period last year, the business posted $2.45 earnings per share. Equities research analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

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Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ACGL. JMP Securities restated a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a research note on Tuesday, February 11th. Keefe, Bruyette & Woods cut their price objective on shares of Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Barclays lowered their target price on shares of Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating on the stock in a report on Monday, January 6th. Morgan Stanley cut their price target on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Finally, Royal Bank of Canada decreased their price objective on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Arch Capital Group presently has a consensus rating of "Moderate Buy" and an average target price of $117.19.

Institutional Trading of Arch Capital Group

Several hedge funds have recently bought and sold shares of ACGL. Norges Bank purchased a new position in shares of Arch Capital Group during the fourth quarter valued at approximately $437,291,000. Madison Investment Advisors LLC acquired a new stake in Arch Capital Group in the 4th quarter worth approximately $410,010,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Arch Capital Group by 245.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider's stock valued at $341,652,000 after acquiring an additional 2,168,897 shares during the period. First Trust Advisors LP raised its holdings in shares of Arch Capital Group by 663.3% during the fourth quarter. First Trust Advisors LP now owns 2,462,382 shares of the insurance provider's stock worth $227,401,000 after purchasing an additional 2,139,782 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Arch Capital Group during the fourth quarter valued at $151,342,000. Hedge funds and other institutional investors own 89.07% of the company's stock.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; 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.