Arch Capital Group Ltd. $ACGL Shares Bought by Aberdeen Group plc

Aberdeen Group plc raised its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 306,078 shares of the insurance provider’s stock after buying an additional 9,611 shares during the period. Aberdeen Group plc owned approximately 0.08% of Arch Capital Group worth $27,770,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. TD Waterhouse Canada Inc. boosted its holdings in Arch Capital Group by 31.4% in the second quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 112 shares during the period. Crescent Grove Advisors LLC raised its position in Arch Capital Group by 3.1% in the 2nd quarter. Crescent Grove Advisors LLC now owns 3,702 shares of the insurance provider’s stock valued at $337,000 after purchasing an additional 112 shares in the last quarter. TIAA Trust National Association boosted its stake in shares of Arch Capital Group by 3.1% in the 2nd quarter. TIAA Trust National Association now owns 3,892 shares of the insurance provider’s stock valued at $354,000 after buying an additional 116 shares during the period. J.W. Cole Advisors Inc. boosted its stake in shares of Arch Capital Group by 4.4% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 3,025 shares of the insurance provider’s stock valued at $275,000 after buying an additional 127 shares during the period. Finally, Cary Street Partners Investment Advisory LLC grew its position in shares of Arch Capital Group by 5.1% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 2,828 shares of the insurance provider’s stock worth $257,000 after buying an additional 136 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Up 0.5%

Shares of NASDAQ:ACGL opened at $98.88 on Wednesday. The firm has a 50 day simple moving average of $95.42 and a 200-day simple moving average of $92.13. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $103.39. The company has a current ratio of 0.53, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $35.86 billion, a PE ratio of 8.51, a P/E/G ratio of 3.94 and a beta of 0.42.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, topping the consensus estimate of $2.34 by $0.64. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.94 billion. During the same period last year, the business earned $2.26 EPS. On average, equities analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ACGL. Evercore set a $100.00 target price on shares of Arch Capital Group and gave the company an “in-line” rating in a report on Wednesday, January 7th. Roth Mkm set a $110.00 price target on shares of Arch Capital Group and gave the stock a “buy” rating in a report on Tuesday, December 2nd. The Goldman Sachs Group restated a “sell” rating and issued a $93.00 price objective (up from $84.00) on shares of Arch Capital Group in a report on Wednesday, January 7th. Citigroup reaffirmed a “buy” rating and set a $120.00 price objective (up from $113.00) on shares of Arch Capital Group in a research report on Friday. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $100.00 target price (up previously from $97.00) on shares of Arch Capital Group in a research note on Tuesday. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $109.20.

Insiders Place Their Bets

In other news, CFO Francois Morin sold 8,000 shares of Arch Capital Group stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $94.62, for a total transaction of $756,960.00. Following the sale, the chief financial officer owned 266,681 shares in the company, valued at approximately $25,233,356.22. The trade was a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John M. Pasquesi sold 203,866 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $93.90, for a total value of $19,143,017.40. Following the completion of the sale, the insider directly owned 351,356 shares of the company’s stock, valued at $32,992,328.40. The trade was a 36.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 268,096 shares of company stock valued at $25,287,645. 4.10% of the stock is currently owned by insiders.

About Arch Capital Group

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.