Arch Capital Group Ltd. (NASDAQ:ACGLN – Get Rating) insider John M. Pasquesi sold 26,329 shares of the company's stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $67.01, for a total transaction of $1,764,306.29. Following the completion of the sale, the insider now directly owns 756,635 shares of the company's stock, valued at approximately $50,702,111.35. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Arch Capital Group Stock Down 0.2 %
Shares of Arch Capital Group stock opened at $19.50 on Friday. The company has a fifty day moving average of $19.19 and a 200-day moving average of $18.92. Arch Capital Group Ltd. has a 52-week low of $17.02 and a 52-week high of $22.42.
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Institutional Investors Weigh In On Arch Capital Group
An institutional investor recently raised its position in Arch Capital Group stock. PNC Financial Services Group Inc. raised its position in shares of 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 & Exchange Commission. The firm owned 3,646 shares of the company's stock after buying an additional 2,670 shares during the period. PNC Financial Services Group Inc.'s holdings in Arch Capital Group were worth $77,000 at the end of the most recent reporting period.
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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