The SVP & Chief Investment Officer of Arch Capital Group Ltd (ACGL) is Selling Shares
Today, the SVP & Chief Investment Officer of Arch Capital Group Ltd (NASDAQ: ACGL), Preston Hutchings, sold shares of ACGL for $450K.
In addition to Preston Hutchings, one other ACGL executive reported Sell trades in the last month.
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Based on Arch Capital Group Ltd’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.43 billion and quarterly net profit of $244 million. In comparison, last year the company earned revenue of $1.36 billion and had a net profit of $185 million. ACGL’s market cap is $12.31B and the company has a P/E ratio of 24.34. Currently, Arch Capital Group Ltd has an average volume of 785.3K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $32.33, reflecting a 6.3% upside.
The insider sentiment on Arch Capital Group Ltd has been negative according to 56 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.