Aberdeen Group plc Has $26.99 Million Stake in Arch Capital Group Ltd. $ACGL

Aberdeen Group plc grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 7.0% during the second quarter, Holdings Channel.com reports. The firm owned 296,467 shares of the insurance provider’s stock after buying an additional 19,433 shares during the period. Aberdeen Group plc’s holdings in Arch Capital Group were worth $26,993,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Harbour Investments Inc. increased its holdings in shares of Arch Capital Group by 8.4% in the 1st quarter. Harbour Investments Inc. now owns 1,431 shares of the insurance provider’s stock valued at $138,000 after purchasing an additional 111 shares during the period. Resonant Capital Advisors LLC grew its stake in Arch Capital Group by 1.7% in the first quarter. Resonant Capital Advisors LLC now owns 6,672 shares of the insurance provider’s stock valued at $642,000 after purchasing an additional 113 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Arch Capital Group by 0.9% in the first quarter. Venturi Wealth Management LLC now owns 13,228 shares of the insurance provider’s stock valued at $1,272,000 after purchasing an additional 115 shares in the last quarter. Hemington Wealth Management grew its stake in Arch Capital Group by 27.7% in the first quarter. Hemington Wealth Management now owns 548 shares of the insurance provider’s stock valued at $52,000 after purchasing an additional 119 shares in the last quarter. Finally, Horizon Advisory Services Inc. grew its stake in Arch Capital Group by 4.2% in the first quarter. Horizon Advisory Services Inc. now owns 2,996 shares of the insurance provider’s stock valued at $288,000 after purchasing an additional 120 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $94.15, for a total value of $941,500.00. Following the completion of the sale, the insider owned 433,589 shares in the company, valued at approximately $40,822,404.35. This trade represents a 2.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.10% of the company’s stock.

Arch Capital Group Trading Down 0.2%

Arch Capital Group stock opened at $92.25 on Tuesday. The business has a 50 day moving average price of $90.70 and a two-hundred day moving average price of $91.01. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $113.10. The stock has a market cap of $34.43 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 5.47 and a beta of 0.47.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.28. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%.The company had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter last year, the company earned $2.57 EPS. As a group, equities analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Barclays set a $99.00 target price on Arch Capital Group and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Wells Fargo & Company boosted their target price on Arch Capital Group from $107.00 to $111.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their target price on Arch Capital Group from $102.00 to $103.00 and gave the company a “market perform” rating in a research note on Thursday, August 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Arch Capital Group in a research note on Wednesday, October 8th. Finally, Cowen reiterated a “buy” rating on shares of Arch Capital Group in a research note on Monday, August 4th. Eight investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $110.31.

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.