Latest Insider moments: Papadopoulo Nicolas, Arch Capital Group Ltd. [ACGL] OFFICER OF SUBSIDIARY sold 30,000 shares

CHWY Stock
CHWY Stock

Arch Capital Group Ltd.’s filing revealed that its OFFICER OF SUBSIDIARY Papadopoulo Nicolas unloaded Company’s shares for reported $2.1 million on Mar 02. In the deal valued at $70.16 per share,30,000 shares were sold. As a result of this transaction, Papadopoulo Nicolas now holds 759,970 shares worth roughly $ 54.49 million.

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Then, Morin Francois sold 15,814 shares, generating $1,069,196 in total proceeds. Upon selling the shares at $67.61, the EVP AND CFO now owns 185,869 shares.

Before that, PASQUESI JOHN M sold 26,329 shares. Arch Capital Group Ltd. shares valued at $1,764,225 were divested by the CHAIR at a price of $67.01 per share. As a result of the transaction, PASQUESI JOHN M now holds 756,635 shares, worth roughly $54.25 million.

BMO Capital Markets initiated its Arch Capital Group Ltd. [ACGL] rating to a Market perform in a research note published on Monday, January 20, 2023; the price target was $65. PT values the company’s stock at a premium of -10.31 to its Monday closing price. A number of analysts have revised their coverage, including UBS’s analysts, who remained covering the stock and in mid January has reiterated a ‘”a Buy”‘ rating for it. Jefferies began covering ACGL with “Buy” recommendation on November 19, 2021. Wolfe Research started covering the stock on August 17, 2021. It rated ACGL as “an Outperform”.

Price Performance Review of ACGL

On Monday, Arch Capital Group Ltd. [NASDAQ:ACGL] saw its stock jump 0.56% to $71.70. On the same session, the stock had its day’s lowest price of $71.16, but rose to a high of $72.28. Over the last five days, the stock has gained 3.60%. Arch Capital Group Ltd. shares have risen nearly 14.21% since the year began. Nevertheless, the stocks have risen 53.99% over the past one year. While a 52-week high of $71.75 was reached on 03/06/23, a 52-week low of $41.05 was recorded on 02/03/23. SMA at 50 days reached $64.96, while 200 days put it at $52.90. A total of 3.75 million shares were traded, compared to the trading of 1.77 million shares in the previous session.

Levels Of Support And Resistance For ACGL Stock

The 24-hour chart illustrates a support level at 71.15, which if violated will result in even more drops to 70.59. On the upside, there is a resistance level at 72.27. A further resistance level may holdings at 72.83. The Relative Strength Index (RSI) on the 14-day chart is 78.59, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.28, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.24%. Stochastics %K at 94.18% indicates the stock is a selling.

How much short interest is there in Arch Capital Group Ltd.?

A steep rise in short interest was recorded in Arch Capital Group Ltd. stocks on Jan 30, 2023, dropping by -1.61 million shares to a total of 6.65 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 8.26 million shares. There was a decline of -24.21%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.87% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.62.

Arch Capital Group Ltd. [ACGL] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 39,564,938 shares, or roughly 10.70% of the outstanding ACGL shares. In other words, the investor’s shares have risen by 6,279,523 from its previous 13-F filing of 33285415.0. Additionally, Artisan Partners LP decreased -11.68% of its stake after which the total value it holdings stand at $2,003,526,697, while BAMCO, Inc. reduced -0.36% of its stake to hold $1.38 billion in the firm. Over the last quarter, Capital Research & Management Co purchased 43,923 shares of Arch Capital Group Ltd., while BlackRock Fund Advisors bought 5,653,360 shares. At present, SSgA Funds Management, Inc. is holding 15,544,678 shares valued at $1.0 billion. Geode Capital Management LLC owned 7,780,581 shares of the company at the time of its most recent 13F filing, worth $500.68 million.

According to FactSet, Arch Capital Group Ltd.’s share price will average $75.08 in the next year, based on opinions of analysts polled by the firm. This is up nearly 7.29 percent from its previous closing price of $71.30. Analysts expect Arch Capital Group Ltd. stock to reach the higher price of $86.00, while the lowest price estimate is $58.00. However, 14 analysts have rated ACGL stock as a Buy in their predictions for 2023.


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