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Arch Capital Group beats earnings estimates, raising Wedge Capital's stake while insiders sell significant shares.
Wedge Capital reduced its stake in Arch Capital Group by 18.6%, while Wealth Enhancement Advisory increased theirs by 28.2%.
The Bermuda-based insurer beat earnings estimates with $2.98 EPS and $4.93 billion in revenue.
Analysts give the stock a "Hold" rating with a $109.20 price target, though insiders have sold significant amounts of shares.
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Arch Capital Group supera las estimaciones de ganancias, elevando la participación de Wedge Capital mientras los iniciados venden acciones importantes.