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

Aberdeen Group plc boosted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 306,078 shares of the insurance provider’s stock after purchasing an additional 9,611 shares during the quarter. Aberdeen Group plc’s holdings in Arch Capital Group were worth $27,770,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Bridges Investment Management Inc. acquired a new position in shares of Arch Capital Group during the third quarter worth about $1,413,000. Allianz Asset Management GmbH boosted its holdings in Arch Capital Group by 12.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 192,567 shares of the insurance provider’s stock valued at $17,472,000 after purchasing an additional 21,323 shares in the last quarter. WCM Investment Management LLC boosted its holdings in Arch Capital Group by 1.3% in the 3rd quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock valued at $1,214,987,000 after purchasing an additional 171,693 shares in the last quarter. High Ground Investment Management LLP increased its position in Arch Capital Group by 3.5% during the 3rd quarter. High Ground Investment Management LLP now owns 1,714,668 shares of the insurance provider’s stock worth $155,572,000 after purchasing an additional 58,151 shares during the period. Finally, Cooke & Bieler LP purchased a new position in shares of Arch Capital Group during the 3rd quarter worth approximately $210,856,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, insider Maamoun Rajeh sold 47,430 shares of the firm’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 completion of the transaction, the insider owned 433,589 shares of the company’s stock, valued at approximately $41,676,574.68. This trade represents a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John M. Pasquesi sold 8,800 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $94.17, for a total value of $828,696.00. Following the completion of the transaction, the insider directly owned 289,556 shares of the company’s stock, valued at approximately $27,267,488.52. This trade represents a 2.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 268,096 shares of company stock valued at $25,287,645. 4.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ACGL. Citigroup reissued a “buy” rating and issued a $120.00 price target (up from $113.00) on shares of Arch Capital Group in a report on Friday. JPMorgan Chase & Co. increased their price objective on Arch Capital Group from $111.00 to $117.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 7th. Mizuho raised their target price on Arch Capital Group from $95.00 to $102.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Wells Fargo & Company upped their price target on shares of Arch Capital Group from $106.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $100.00 price target (up previously from $97.00) on shares of Arch Capital Group in a report on Tuesday. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $109.20.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $98.88 on Wednesday. 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’s 50-day moving average price is $95.42 and its 200 day moving average price is $92.13. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $103.39. The stock has a market cap of $35.86 billion, a price-to-earnings ratio of 8.51, a PEG 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.64. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.94 billion. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. During the same quarter in the prior year, the firm earned $2.26 earnings per share. As a group, research analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Arch Capital Group 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.