Neville Rodie & Shaw Inc. Continues to Hold Position in Arch Capital Group Ltd. (ACGL)

Neville Rodie & Shaw Inc. held its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,560 shares of the insurance provider’s stock at the end of the first quarter. Neville Rodie & Shaw Inc.’s holdings in Arch Capital Group were worth $243,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Guggenheim Capital LLC increased its stake in Arch Capital Group by 9.9% in the fourth quarter. Guggenheim Capital LLC now owns 33,915 shares of the insurance provider’s stock worth $2,927,000 after buying an additional 3,049 shares during the last quarter. Northern Trust Corp increased its stake in Arch Capital Group by 3.0% in the third quarter. Northern Trust Corp now owns 807,831 shares of the insurance provider’s stock worth $64,029,000 after buying an additional 23,232 shares during the last quarter. Polar Capital LLP increased its stake in Arch Capital Group by 0.5% in the third quarter. Polar Capital LLP now owns 1,172,717 shares of the insurance provider’s stock worth $92,950,000 after buying an additional 5,542 shares during the last quarter. Norges Bank purchased a new stake in Arch Capital Group during the fourth quarter worth $107,240,000. Finally, Wells Fargo & Company MN increased its stake in Arch Capital Group by 16.3% in the third quarter. Wells Fargo & Company MN now owns 1,010,552 shares of the insurance provider’s stock worth $80,097,000 after buying an additional 141,618 shares during the last quarter. Institutional investors own 77.05% of the company’s stock.

Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) traded down 0.50% during mid-day trading on Friday, reaching $94.78. The company’s stock had a trading volume of 234,839 shares. The company has a 50-day moving average price of $95.44 and a 200 day moving average price of $90.00. Arch Capital Group Ltd. has a 52-week low of $67.50 and a 52-week high of $99.11. The company has a market cap of $12.70 billion, a PE ratio of 16.06 and a beta of 0.60.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, April 25th. The insurance provider reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.09. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Arch Capital Group had a return on equity of 8.23% and a net margin of 15.60%. During the same quarter in the previous year, the business earned $1.20 EPS. Equities analysts expect that Arch Capital Group Ltd. will post $5.54 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Neville Rodie & Shaw Inc. Continues to Hold Position in Arch Capital Group Ltd. (ACGL)” was originally published by Transcript Daily and is the property of of Transcript Daily. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://transcriptdaily.com/2017/05/20/neville-rodie-shaw-inc-continues-to-hold-position-in-arch-capital-group-ltd-acgl.html.

ACGL has been the subject of several recent research reports. BMO Capital Markets boosted their price objective on Arch Capital Group to $102.00 and gave the company an “outperform” rating in a research report on Tuesday, February 28th. Keefe, Bruyette & Woods set a $95.00 price objective on Arch Capital Group and gave the company a “hold” rating in a research report on Thursday, April 6th. Deutsche Bank AG boosted their price objective on Arch Capital Group from $78.00 to $87.00 and gave the company a “hold” rating in a research report on Thursday, March 30th. Credit Suisse Group AG reiterated a “buy” rating and issued a $98.00 price objective on shares of Arch Capital Group in a research report on Wednesday, February 15th. Finally, Morgan Stanley boosted their price objective on Arch Capital Group from $90.00 to $96.00 and gave the company an “equal weight” rating in a research report on Friday, April 28th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $91.50.

In other news, SVP W Preston Hutchings sold 8,000 shares of Arch Capital Group stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $93.91, for a total value of $751,280.00. Following the completion of the transaction, the senior vice president now owns 32,881 shares in the company, valued at approximately $3,087,854.71. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Nicolas Papadopoulo sold 20,000 shares of Arch Capital Group stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $95.39, for a total value of $1,907,800.00. Following the completion of the transaction, the chief executive officer now owns 244,912 shares of the company’s stock, valued at approximately $23,362,155.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,525 shares of company stock valued at $9,103,441. Company insiders own 6.30% of the company’s stock.

About Arch Capital Group

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

12 Month Chart for NASDAQ:ACGL

Receive News & Ratings for Arch Capital Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply