In a regulatory filing, Arch Capital (ACGL) renewed its share repurchase authorization of $1B, which may be effected from time to time in open market or privately negotiated transactions. At September 30, approximately $1B of share repurchases were available under the company’s share repurchase program. From October 1 through December 13, the company did not repurchase any common shares. This new program replaces the company’s existing share repurchase authorization.
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Read More on ACGL:
- Arch Capital price target lowered to $107 from $114 at Jefferies
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- Arch Capital price target raised to $104 from $98 at BMO Capital
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