Arch Capital Group Ltd. (ACGL) CFO Francois Morin Sells 1,938 Shares

Arch Capital Group Ltd. (NASDAQ:ACGL) CFO Francois Morin sold 1,938 shares of the firm’s stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $83.11, for a total transaction of $161,067.18. Following the completion of the sale, the chief financial officer now owns 8,902 shares of the company’s stock, valued at approximately $739,845.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Arch Capital Group traded down $1.41, reaching $81.14, during mid-day trading on Thursday, according to Marketbeat Ratings. 36,250 shares of the company’s stock were exchanged, compared to its average volume of 672,423. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.52 and a quick ratio of 0.52. Arch Capital Group Ltd. has a 52-week low of $77.12 and a 52-week high of $102.60. The stock has a market cap of $11.33 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 1.20 and a beta of 0.63.

Arch Capital Group’s stock is scheduled to split before the market opens on Tuesday, June 19th. The 3-1 split was announced on Wednesday, May 9th. The newly created shares will be distributed to shareholders after the closing bell on Monday, June 18th.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, May 1st. The insurance provider reported $1.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.14. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Arch Capital Group had a net margin of 9.41% and a return on equity of 6.04%. Arch Capital Group’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.42 EPS. equities analysts expect that Arch Capital Group Ltd. will post 6.34 earnings per share for the current fiscal year.

A number of equities research analysts recently commented on the stock. ValuEngine downgraded shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Keefe, Bruyette & Woods raised shares of Arch Capital Group from a “market perform” rating to an “outperform” rating in a report on Thursday, March 22nd. BidaskClub raised shares of Arch Capital Group from a “sell” rating to a “hold” rating in a report on Friday, March 30th. Finally, Wells Fargo & Co set a $96.00 target price on shares of Arch Capital Group and gave the company a “hold” rating in a report on Monday, April 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $103.50.

A number of hedge funds have recently added to or reduced their stakes in ACGL. Artisan Partners Limited Partnership grew its stake in Arch Capital Group by 3.7% in the 1st quarter. Artisan Partners Limited Partnership now owns 18,101,906 shares of the insurance provider’s stock worth $1,549,342,000 after acquiring an additional 641,989 shares during the period. Millennium Management LLC grew its stake in Arch Capital Group by 1,589.4% in the 1st quarter. Millennium Management LLC now owns 525,338 shares of the insurance provider’s stock worth $44,964,000 after acquiring an additional 494,242 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Arch Capital Group by 22.8% in the 1st quarter. Principal Financial Group Inc. now owns 2,497,872 shares of the insurance provider’s stock valued at $213,793,000 after purchasing an additional 463,341 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Arch Capital Group by 18.1% in the 4th quarter. Wells Fargo & Company MN now owns 2,847,716 shares of the insurance provider’s stock valued at $258,488,000 after purchasing an additional 436,449 shares during the last quarter. Finally, Partners Capital Investment Group LLP acquired a new position in shares of Arch Capital Group in the 4th quarter valued at $27,245,000. 80.97% of the stock is owned by hedge funds and other institutional investors.

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.

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

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