abrdn plc Grows Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

abrdn plc boosted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 73.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 190,773 shares of the insurance provider’s stock after buying an additional 80,906 shares during the quarter. abrdn plc’s holdings in Arch Capital Group were worth $14,169,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Householder Group Estate & Retirement Specialist LLC acquired a new position in Arch Capital Group in the fourth quarter valued at approximately $27,000. Steward Financial Group LLC boosted its holdings in shares of Arch Capital Group by 180.7% in the third quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 338 shares during the period. CVA Family Office LLC acquired a new stake in shares of Arch Capital Group in the fourth quarter valued at approximately $47,000. Covestor Ltd boosted its holdings in shares of Arch Capital Group by 342.9% in the third quarter. Covestor Ltd now owns 899 shares of the insurance provider’s stock valued at $72,000 after acquiring an additional 696 shares during the period. Finally, Operose Advisors LLC acquired a new stake in shares of Arch Capital Group in the third quarter valued at approximately $75,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the completion of the transaction, the insider now owns 651,931 shares in the company, valued at $57,057,001.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the completion of the transaction, the insider now owns 651,931 shares in the company, valued at $57,057,001.12. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Maamoun Rajeh sold 50,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total value of $4,374,000.00. Following the completion of the transaction, the chief executive officer now owns 336,170 shares of the company’s stock, valued at approximately $29,408,151.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,689 shares of company stock worth $11,872,217. 4.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ACGL shares. JPMorgan Chase & Co. increased their price objective on Arch Capital Group from $88.00 to $92.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $98.00 price objective on shares of Arch Capital Group in a report on Friday, February 16th. Morgan Stanley increased their price objective on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Evercore ISI increased their price objective on Arch Capital Group from $92.00 to $100.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Finally, Citigroup decreased their price objective on Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating for the company in a report on Monday, January 22nd. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $96.23.

Arch Capital Group Trading Down 0.2 %

NASDAQ:ACGL opened at $93.05 on Friday. The stock has a fifty day moving average price of $90.24 and a two-hundred day moving average price of $84.34. The stock has a market capitalization of $34.91 billion, a price-to-earnings ratio of 8.01, a PEG ratio of 1.16 and a beta of 0.57. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.57. Arch Capital Group Ltd. has a 1 year low of $69.05 and a 1 year high of $95.01.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Thursday, February 15th. The insurance provider reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.55. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. During the same quarter in the prior year, the business posted $2.14 earnings per share. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.03 earnings per share for the current fiscal year.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.