Arch Capital Group Ltd. (NASDAQ:ACGL) CEO Nicolas Papadopoulo sold 38,918 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $97.23, for a total value of $3,783,997.14. Following the transaction, the chief executive officer now directly owns 182,035 shares of the company’s stock, valued at $17,699,263.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Nicolas Papadopoulo also recently made the following trade(s):
- On Friday, September 8th, Nicolas Papadopoulo sold 80,694 shares of Arch Capital Group stock. The stock was sold at an average price of $93.80, for a total value of $7,569,097.20.
Shares of Arch Capital Group Ltd. (ACGL) opened at 98.10 on Friday. The stock has a 50 day moving average price of $96.62 and a 200-day moving average price of $95.63. The company has a market capitalization of $13.19 billion, a PE ratio of 17.84 and a beta of 0.67. Arch Capital Group Ltd. has a 12 month low of $76.47 and a 12 month high of $99.47.
Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $1.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.01. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Arch Capital Group had a net margin of 15.65% and a return on equity of 8.76%. Arch Capital Group’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.13 EPS. Analysts forecast that Arch Capital Group Ltd. will post $5.37 EPS for the current year.
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A number of brokerages recently issued reports on ACGL. Wells Fargo & Company reiterated a “hold” rating on shares of Arch Capital Group in a report on Wednesday, July 26th. UBS AG decreased their price objective on Arch Capital Group from $114.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $100.00 price objective on shares of Arch Capital Group in a report on Thursday. Buckingham Research started coverage on Arch Capital Group in a report on Monday, September 11th. They issued a “buy” rating and a $106.00 price objective on the stock. Finally, BidaskClub upgraded Arch Capital Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $97.22.
Large investors have recently modified their holdings of the stock. Legal & General Group Plc raised its position in Arch Capital Group by 7.7% during the 1st quarter. Legal & General Group Plc now owns 677,060 shares of the insurance provider’s stock worth $64,162,000 after buying an additional 48,635 shares during the last quarter. Swiss National Bank raised its position in Arch Capital Group by 8.0% during the 2nd quarter. Swiss National Bank now owns 842,768 shares of the insurance provider’s stock worth $78,622,000 after buying an additional 62,700 shares during the last quarter. Delta Lloyd Asset Management N.V. purchased a new position in Arch Capital Group during the 2nd quarter worth $1,232,000. Eagle Asset Management Inc. raised its position in Arch Capital Group by 87.0% during the 1st quarter. Eagle Asset Management Inc. now owns 114,756 shares of the insurance provider’s stock worth $9,383,000 after buying an additional 53,384 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in Arch Capital Group by 33.5% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 75,053 shares of the insurance provider’s stock worth $7,113,000 after buying an additional 18,822 shares during the last quarter. Hedge funds and other institutional investors own 76.91% of the company’s stock.
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.
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