Arch Capital Group Ltd. (ACGL) CEO Marc Grandisson Sells 75,000 Shares

Arch Capital Group Ltd. (NASDAQ:ACGL) CEO Marc Grandisson sold 75,000 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $33.92, for a total transaction of $2,544,000.00. Following the completion of the transaction, the chief executive officer now directly owns 115,487 shares in the company, valued at $3,917,319.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Marc Grandisson also recently made the following trade(s):

  • On Monday, May 6th, Marc Grandisson sold 55,408 shares of Arch Capital Group stock. The shares were sold at an average price of $33.86, for a total transaction of $1,876,114.88.

Shares of Arch Capital Group stock opened at $34.51 on Friday. Arch Capital Group Ltd. has a 1 year low of $24.79 and a 1 year high of $34.60. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.30. The firm has a market cap of $13.75 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 1.19 and a beta of 0.70.

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

ACGL has been the topic of a number of recent analyst reports. BidaskClub raised shares of Arch Capital Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 4th. Wells Fargo & Co reissued a “hold” rating and set a $32.00 price objective on shares of Arch Capital Group in a research report on Tuesday, April 30th. Zacks Investment Research downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. JMP Securities reissued a “hold” rating on shares of Arch Capital Group in a research report on Sunday, February 17th. Finally, ValuEngine raised shares of Arch Capital Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, February 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $31.00.

Institutional investors have recently modified their holdings of the business. Adalta Capital Management LLC lifted its stake in shares of Arch Capital Group by 11.7% in the first quarter. Adalta Capital Management LLC now owns 23,910 shares of the insurance provider’s stock valued at $773,000 after purchasing an additional 2,500 shares during the period. HighTower Advisors LLC lifted its stake in shares of Arch Capital Group by 128.0% in the first quarter. HighTower Advisors LLC now owns 59,641 shares of the insurance provider’s stock valued at $1,927,000 after purchasing an additional 33,477 shares during the period. M&T Bank Corp lifted its stake in shares of Arch Capital Group by 3.0% in the first quarter. M&T Bank Corp now owns 31,487 shares of the insurance provider’s stock valued at $1,018,000 after purchasing an additional 903 shares during the period. Macquarie Group Ltd. lifted its stake in shares of Arch Capital Group by 866.7% in the first quarter. Macquarie Group Ltd. now owns 8,700 shares of the insurance provider’s stock valued at $281,000 after purchasing an additional 7,800 shares during the period. Finally, C M Bidwell & Associates Ltd. acquired a new position in Arch Capital Group during the first quarter worth about $242,000. 81.04% of the stock is currently owned by institutional investors.

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Arch Capital Group Company Profile

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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