Arch Capital Group Ltd. (ACGL): Constantine Iordanou , Chairman & CEO of Arch Capital Group Ltd. sold 40,000 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $71.58 per share for a total value of $2,863,188.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 16, 2016, Mark Donald Lyons (EVP,CFO & Treasurer) sold 3,500 shares at $69.91 per share price.On Mar 2, 2016, Constantine Iordanou (Chairman & CEO) sold 40,000 shares at $68.81 per share price.Also, On Feb 22, 2016, Marc Grandisson (President & COO) sold 30,000 shares at $68.56 per share price.On Nov 24, 2015, Louis T Petrillo (Officer of Subsidiary) sold 4,555 shares at $73.86 per share price.
Shares of Arch Capital Group Ltd. (ACGL) ended Wednesday, May 25, 2016 session in red amid volatile trading. The shares closed down -0.11 points or -0.15% at $71.7 with 2,03,290 shares getting traded. Post opening the session at $72.01, the shares hit an intraday low of $71.6 and an intraday high of $72.28 and the price vacillated in this range throughout the day. The company has a market cap of $8,754 M and the number of outstanding shares has been calculated to be 12,20,95,142 shares. The 52-week high of Arch Capital Group Ltd. is $78.81 and the 52-week low is $59.83.
Arch Capital Group Ltd. (ACGL) writes insurance and reinsurance on an around the world basis. The Company operates in two underwriting segments: insurance and reinsurance and mortgage. The insurance segments product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property energy marine and aviation; travel accident and health and other (consisting of alternative markets excess workers’ compensation and surety business). The reinsurance segments product lines include casualty; marine and aviation; other specialty; property catastrophe; property excluding property catastrophe and other (consisting of life reinsurance casualty clash and other). The mortgage segment consists of the Companys mortgage insurance and reinsurance business and includes the results of Arch MI U.S. which provides mortgage insurance to banks and other lenders across the nation including existing credit union customers.