David Gansberg Sells 10,000 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) CEO David Gansberg sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $96.64, for a total transaction of $966,400.00. Following the completion of the transaction, the chief executive officer now directly owns 228,035 shares of the company’s stock, valued at approximately $22,037,302.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $98.93 on Thursday. Arch Capital Group Ltd. has a 12 month low of $69.05 and a 12 month high of $99.70. The firm has a market capitalization of $37.11 billion, a P/E ratio of 7.81, a P/E/G ratio of 1.12 and a beta of 0.57. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.57. The company’s fifty day moving average price is $91.78 and its 200 day moving average price is $85.05.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.39. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The business had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the previous year, the firm earned $1.73 earnings per share. The business’s revenue was up 19.3% compared to the same quarter last year. As a group, sell-side analysts predict that Arch Capital Group Ltd. will post 8.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Arch Capital Group by 28.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 971,079 shares of the insurance provider’s stock valued at $89,767,000 after acquiring an additional 214,567 shares during the period. Edmond DE Rothschild Holding S.A. boosted its stake in Arch Capital Group by 23.2% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,051 shares of the insurance provider’s stock worth $97,000 after purchasing an additional 198 shares during the period. Bleakley Financial Group LLC boosted its stake in Arch Capital Group by 2.4% during the 1st quarter. Bleakley Financial Group LLC now owns 11,618 shares of the insurance provider’s stock worth $1,074,000 after purchasing an additional 269 shares during the period. Avantax Advisory Services Inc. grew its position in Arch Capital Group by 14.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 8,534 shares of the insurance provider’s stock worth $789,000 after purchasing an additional 1,045 shares during the last quarter. Finally, QRG Capital Management Inc. increased its stake in Arch Capital Group by 57.4% in the first quarter. QRG Capital Management Inc. now owns 32,414 shares of the insurance provider’s stock valued at $2,996,000 after purchasing an additional 11,822 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ACGL shares. Bank of America lifted their target price on Arch Capital Group from $105.00 to $109.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on Arch Capital Group from $103.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. UBS Group cut their target price on shares of Arch Capital Group from $101.00 to $97.00 and set a “buy” rating on the stock in a research note on Wednesday, January 10th. Wells Fargo & Company lifted their price target on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Finally, Evercore ISI boosted their price target on shares of Arch Capital Group from $98.00 to $100.00 and gave the stock an “in-line” rating in a report on Tuesday, April 30th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Arch Capital Group currently has a consensus rating of “Moderate Buy” and an average target price of $100.67.

Arch Capital Group Company Profile

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.