Aberdeen Group plc Sells 28,289 Shares of Arch Capital Group Ltd. $ACGL

Aberdeen Group plc trimmed its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 9.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 277,789 shares of the insurance provider’s stock after selling 28,289 shares during the quarter. Aberdeen Group plc owned approximately 0.08% of Arch Capital Group worth $26,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Geneos Wealth Management Inc. lifted its holdings in Arch Capital Group by 157.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock worth $65,000 after buying an additional 412 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Arch Capital Group during the second quarter valued at approximately $253,000. Lido Advisors LLC raised its holdings in shares of Arch Capital Group by 5.1% during the second quarter. Lido Advisors LLC now owns 8,671 shares of the insurance provider’s stock valued at $789,000 after acquiring an additional 417 shares in the last quarter. CW Advisors LLC raised its holdings in shares of Arch Capital Group by 6.5% during the second quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider’s stock valued at $282,000 after acquiring an additional 189 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Arch Capital Group by 366.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,790 shares of the insurance provider’s stock worth $254,000 after acquiring an additional 2,192 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $96.74 on Monday. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $103.39. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.13. The stock’s fifty day moving average price is $96.65 and its 200-day moving average price is $93.40. The stock has a market cap of $34.47 billion, a P/E ratio of 8.33, a P/E/G ratio of 3.94 and a beta of 0.41.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.64. The firm had revenue of $4.93 billion during the quarter, compared to analyst estimates of $3.94 billion. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.During the same quarter in the previous year, the firm earned $2.26 EPS. As a group, equities analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Cantor Fitzgerald reissued a “neutral” rating and issued a $100.00 price target (up from $97.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. Royal Bank Of Canada lifted their price objective on Arch Capital Group from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Evercore set a $100.00 target price on Arch Capital Group and gave the stock an “in-line” rating in a report on Wednesday, January 7th. Citigroup reissued a “buy” rating and issued a $120.00 target price (up from $113.00) on shares of Arch Capital Group in a research report on Friday, February 13th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $104.00 target price (up from $102.00) on shares of Arch Capital Group in a research note on Thursday, February 12th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $109.20.

Insider Activity

In other news, insider Maamoun Rajeh sold 47,430 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $96.12, for a total transaction of $4,558,971.60. Following the transaction, the insider directly owned 433,589 shares of the company’s stock, valued at $41,676,574.68. This represents a 9.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David Gansberg sold 5,907 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $96.37, for a total value of $569,257.59. Following the sale, the insider directly owned 336,559 shares in the company, valued at $32,434,190.83. This trade represents a 1.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 78,267 shares of company stock worth $7,291,637. Corporate insiders own 4.20% of the company’s stock.

Arch Capital Group Company Profile

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.