Today, a Director at Arch Capital Group Ltd (NASDAQ: ACGL), Brian S. Posner, bought shares of ACGL for $235.9K.
Following this transaction Brian S. Posner’s holding in the company was increased by 10.93% to a total of $2.45 million.
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Based on Arch Capital Group Ltd’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.26 billion and quarterly net profit of $155 million. In comparison, last year the company earned revenue of $1.23 billion and had a net profit of $253 million. The company has a one-year high of $102.60 and a one-year low of $77.12. ACGL’s market cap is $10.21B and the company has a P/E ratio of 23.44.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $98.33, reflecting a -20.6% downside. 10 different firms, including Barclays and BMO Capital, currently also have a Buy rating on the stock.
The insider sentiment on Arch Capital Group Ltd has been neutral according to 59 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Arch Capital Group Ltd. provides property and casualty insurance and reinsurance lines. It operates through the following segments: Insurance, Reinsurance, Mortgage, Corporate (Non-Underwriting), and Other.
