Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Arch Capital Group Ltd. (NASDAQ:ACGL). In a filing disclosed on March 27th, the Representative disclosed that they had sold between $1,001 and $15,000 in Arch Capital Group stock on February 25th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Purchased $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 3/7/2025.
- Sold $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 3/6/2025.
- Purchased $1,001 – $15,000 in shares of SEA (NYSE:SE) on 3/5/2025.
- Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 3/4/2025.
- Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 3/4/2025.
- Purchased $1,001 – $15,000 in shares of Twilio (NYSE:TWLO) on 3/4/2025.
- Sold $15,001 – $50,000 in shares of Alibaba Group (NYSE:BABA) on 3/4/2025.
- Purchased $1,001 – $15,000 in shares of Zoom Video Communications (NASDAQ:ZM) on 3/4/2025.
- Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 3/3/2025.
- Purchased $1,001 – $15,000 in shares of Snowflake (NYSE:SNOW) on 3/3/2025.
Arch Capital Group Price Performance
ACGL traded down $1.88 during trading on Friday, hitting $95.06. 1,193,197 shares of the company traded hands, compared to its average volume of 1,720,277. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The company has a market cap of $35.68 billion, a PE ratio of 8.49, a P/E/G ratio of 2.31 and a beta of 0.62. The stock’s 50-day simple moving average is $92.16 and its two-hundred day simple moving average is $98.18. Arch Capital Group Ltd. has a 1 year low of $87.42 and a 1 year high of $116.47.
Hedge Funds Weigh In On Arch Capital Group
Several hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new stake in shares of Arch Capital Group during the third quarter valued at $25,000. Capital A Wealth Management LLC purchased a new stake in Arch Capital Group in the 4th quarter valued at about $25,000. Cullen Frost Bankers Inc. bought a new position in Arch Capital Group in the 4th quarter worth about $37,000. Golden State Wealth Management LLC bought a new position in Arch Capital Group in the 4th quarter worth about $42,000. Finally, Y.D. More Investments Ltd increased its position in shares of Arch Capital Group by 125.6% during the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 260 shares during the period. Institutional investors own 89.07% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on ACGL shares. UBS Group cut their price target on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. JPMorgan Chase & Co. cut their target price on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Wells Fargo & Company decreased their price target on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Barclays dropped their price objective on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Finally, Morgan Stanley decreased their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $117.19.
Check Out Our Latest Stock Analysis on Arch Capital Group
Insider Activity
In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the transaction, the insider now directly owns 140,023 shares in the company, valued at $12,742,093. This trade represents a 7.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 4.20% of the company’s stock.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
Arch Capital Group Company Profile
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; 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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