Arch Capital Group Ltd. (NASDAQ:ACGL) CFO Mark Donald Lyons sold 6,000 shares of Arch Capital Group stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $84.16, for a total value of $504,960.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Mark Donald Lyons also recently made the following trade(s):
- On Wednesday, February 28th, Mark Donald Lyons sold 6,000 shares of Arch Capital Group stock. The stock was sold at an average price of $89.39, for a total value of $536,340.00.
Shares of Arch Capital Group Ltd. (ACGL) traded up $0.77 during trading hours on Friday, reaching $85.04. The company’s stock had a trading volume of 1,006,490 shares, compared to its average volume of 832,048. Arch Capital Group Ltd. has a fifty-two week low of $83.86 and a fifty-two week high of $102.60. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.40. The stock has a market cap of $11,040.08, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 1.23 and a beta of 0.63.
Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, February 12th. The insurance provider reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.21. Arch Capital Group had a return on equity of 5.87% and a net margin of 11.21%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the firm earned $1.13 EPS. Arch Capital Group’s revenue was up 27.4% on a year-over-year basis. sell-side analysts anticipate that Arch Capital Group Ltd. will post 6.21 EPS for the current year.
Large investors have recently modified their holdings of the business. Alps Advisors Inc. purchased a new position in Arch Capital Group in the 4th quarter worth about $203,000. Dai Ichi Life Insurance Company Ltd purchased a new position in Arch Capital Group in the 3rd quarter worth about $242,000. IFM Investors Pty Ltd purchased a new position in Arch Capital Group in the 3rd quarter worth about $260,000. Parametrica Management Ltd purchased a new position in Arch Capital Group in the 4th quarter worth about $261,000. Finally, Assetmark Inc. purchased a new position in Arch Capital Group in the 3rd quarter worth about $299,000. 81.56% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on ACGL shares. Wells Fargo set a $100.00 price target on Arch Capital Group and gave the stock a “hold” rating in a research report on Sunday, December 10th. BidaskClub lowered Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $101.00 price target on shares of Arch Capital Group in a research report on Wednesday, December 6th. Finally, ValuEngine lowered Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $100.50.
Arch Capital Group Company Profile
Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.
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