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Insider Selling: Arch Capital Group (NASDAQ:ACGL) Insider Sells 5,907 Shares of Stock
Arch Capital Group (NASDAQ:ACGL) director David Gansberg sold 5,907 shares of the company’s stock on March 10th for approximately $569,258, reducing his stake by 1.72%. This transaction follows Arch Capital’s recent strong Q4 earnings, where the company surpassed analyst expectations with an EPS of $2.98 and revenue of $4.93 billion. Despite the insider sale, institutions hold a significant 89.07% of the stock, and analysts maintain an average “Hold” rating with a target price of $109.20.