Arch Capital Group Ltd. (NASDAQ:ACGLN – Get Rating) CFO Francois Morin sold 15,814 shares of the company's stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $67.61, for a total transaction of $1,069,184.54. Following the transaction, the chief financial officer now directly owns 185,869 shares in the company, valued at approximately $12,566,603.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Arch Capital Group Trading Down 4.0 %
Shares of ACGLN opened at $18.72 on Wednesday. Arch Capital Group Ltd. has a fifty-two week low of $17.02 and a fifty-two week high of $22.29. The stock has a fifty day moving average of $19.19 and a two-hundred day moving average of $18.87.
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Hedge Funds Weigh In On Arch Capital Group
A hedge fund recently raised its stake in Arch Capital Group stock. PNC Financial Services Group Inc. raised its holdings in Arch Capital Group Ltd. (NASDAQ:ACGLN – Get Rating) by 273.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,646 shares of the company's stock after buying an additional 2,670 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Arch Capital Group were worth $77,000 at the end of the most recent quarter.
Arch Capital Group Company Profile
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Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance 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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