Today, the President & CEO of Arch Capital Group Ltd (NASDAQ: ACGL), Marc Grandisson, bought shares of ACGL for $693K.
This recent transaction increases Marc Grandisson’s holding in the company by 4.92% to a total of $50.18 million. In addition to Marc Grandisson, one other ACGL executive reported Buy trades in the last month.
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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 $1.27 billion and quarterly net profit of $148 million. In comparison, last year the company earned revenue of $1.23 billion and had a net profit of $253 million. ACGL’s market cap is $10.42B and the company has a P/E ratio of 23.93. Currently, Arch Capital Group Ltd has an average volume of 355.9K.
10 different firms, including Barclays and BMO Capital, currently also have a Buy rating on the stock. Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $98.33, reflecting a -19.1% downside.
The insider sentiment on Arch Capital Group Ltd has been neutral according to 51 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.
Marc Grandisson’s trades have generated a -9.1% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
