Friday, August 11, 2017 10:15 PM ET
Insider at Arch Capital Group (ACGL) Makes Significant Sale of Stock
One insider — W Preston Hutchings, Officer — today, sold 12,500 shares of Arch Capital Group having a market value of approximately $1,210,131, as disclosed in a form 4 document filed with the SEC. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 132,990 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 145,490 shares and have averaged 29,098 shares per transaction over this time period.
The number of insider buy/sell trades at Arch Capital Group is greater than that of the 57 peer company average over the last 90-day period. The Property & Casualty Insurance peer group saw 70 buy/sell trades during this period for an average of 1.2 transactions per company. However, the number of shares traded per transaction by Arch Capital Group insiders is lower than its peers. Within the peer group there were 158,867 shares purchased and 17,777,662 shares sold with company insiders disposing of 251,697 shares on average over this time period.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to evaluate and write this story.
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