Arch Capital Group Ltd. (NASDAQ:ACGL) SVP W Preston Hutchings Sells 25,000 Shares of Stock

Arch Capital Group Ltd. (NASDAQ:ACGL) SVP W Preston Hutchings sold 25,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $39.47, for a total value of $986,750.00. Following the completion of the transaction, the senior vice president now owns 55,694 shares in the company, valued at approximately $2,198,242.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of NASDAQ ACGL traded up $0.28 during trading hours on Friday, reaching $39.19. The stock had a trading volume of 5,355 shares, compared to its average volume of 1,322,555. The firm has a market cap of $15.98 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 1.40 and a beta of 0.65. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.27. Arch Capital Group Ltd. has a fifty-two week low of $24.79 and a fifty-two week high of $40.07. The firm has a 50-day moving average of $38.25 and a 200-day moving average of $34.43.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, July 29th. The insurance provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.08. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Arch Capital Group had a return on equity of 10.58% and a net margin of 20.48%. The business’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 EPS. On average, equities analysts predict that Arch Capital Group Ltd. will post 2.82 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CSat Investment Advisory L.P. acquired a new stake in Arch Capital Group during the 2nd quarter worth approximately $26,000. Quadrant Capital Group LLC lifted its position in Arch Capital Group by 200.0% during the 1st quarter. Quadrant Capital Group LLC now owns 948 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 632 shares during the period. Optimum Investment Advisors lifted its position in Arch Capital Group by 333.3% during the 1st quarter. Optimum Investment Advisors now owns 1,300 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 1,000 shares during the period. Advisory Services Network LLC acquired a new stake in Arch Capital Group during the 2nd quarter worth approximately $71,000. Finally, Capital Bank & Trust Co lifted its position in Arch Capital Group by 74.4% during the 2nd quarter. Capital Bank & Trust Co now owns 1,915 shares of the insurance provider’s stock worth $71,000 after acquiring an additional 817 shares during the period. 79.93% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on the company. BidaskClub upgraded Arch Capital Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Deutsche Bank upgraded Arch Capital Group from a “hold” rating to a “buy” rating and set a $35.35 price objective on the stock in a report on Wednesday, June 26th. MKM Partners increased their price objective on Arch Capital Group from $40.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Buckingham Research downgraded Arch Capital Group from a “buy” rating to a “neutral” rating and set a $38.00 price objective on the stock. in a report on Friday, July 19th. Finally, Morgan Stanley set a $32.00 price objective on Arch Capital Group and gave the company a “hold” rating in a report on Friday, May 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $37.91.

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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