Arch Capital Group Ltd. (ACGL) CEO Sells $597,071.52 in Stock

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Arch Capital Group Ltd. (NASDAQ:ACGL) CEO Maamoun Rajeh sold 17,712 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $33.71, for a total transaction of $597,071.52. Following the sale, the chief executive officer now owns 330,031 shares of the company’s stock, valued at $11,125,345.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Maamoun Rajeh also recently made the following trade(s):

  • On Friday, May 10th, Maamoun Rajeh sold 15,000 shares of Arch Capital Group stock. The shares were sold at an average price of $33.73, for a total transaction of $505,950.00.

ACGL traded down $0.73 during trading on Friday, hitting $33.78. The company had a trading volume of 1,884,100 shares, compared to its average volume of 1,104,955. The stock has a market capitalization of $13.75 billion, a PE ratio of 15.35, a P/E/G ratio of 1.19 and a beta of 0.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.54 and a quick ratio of 0.54. Arch Capital Group Ltd. has a 1-year low of $24.79 and a 1-year high of $34.60.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, April 30th. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.05. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Arch Capital Group had a net margin of 17.93% and a return on equity of 10.24%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.69 earnings per share. On average, equities research analysts forecast that Arch Capital Group Ltd. will post 2.6 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of ACGL. Adalta Capital Management LLC increased its holdings in shares of Arch Capital Group by 11.7% in the 1st quarter. Adalta Capital Management LLC now owns 23,910 shares of the insurance provider’s stock worth $773,000 after acquiring an additional 2,500 shares during the period. HighTower Advisors LLC increased its holdings in shares of Arch Capital Group by 128.0% in the 1st quarter. HighTower Advisors LLC now owns 59,641 shares of the insurance provider’s stock worth $1,927,000 after acquiring an additional 33,477 shares during the period. M&T Bank Corp increased its holdings in shares of Arch Capital Group by 3.0% in the 1st quarter. M&T Bank Corp now owns 31,487 shares of the insurance provider’s stock worth $1,018,000 after acquiring an additional 903 shares during the period. Macquarie Group Ltd. increased its holdings in shares of Arch Capital Group by 866.7% in the 1st quarter. Macquarie Group Ltd. now owns 8,700 shares of the insurance provider’s stock worth $281,000 after acquiring an additional 7,800 shares during the period. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of Arch Capital Group in the 1st quarter worth about $242,000. 81.04% of the stock is currently owned by hedge funds and other institutional investors.

ACGL has been the subject of several analyst reports. ValuEngine upgraded shares of Arch Capital Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 2nd. JMP Securities restated a “hold” rating on shares of Arch Capital Group in a research note on Sunday, February 17th. Zacks Investment Research downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. BidaskClub downgraded shares of Arch Capital Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 13th. Finally, Wells Fargo & Co restated a “hold” rating and issued a $32.00 target price on shares of Arch Capital Group in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Arch Capital Group has an average rating of “Hold” and a consensus target price of $31.00.

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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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Insider Buying and Selling by Quarter for Arch Capital Group (NASDAQ:ACGL)

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