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Aberdeen Group plc Sells 28,289 Shares of Arch Capital Group Ltd. $ACGL
Aberdeen Group plc reduced its stake in Arch Capital Group Ltd. by 9.2% in the fourth quarter, selling 28,289 shares and retaining 277,789 shares valued at $26.65 million. Despite Arch Capital beating earnings and revenue expectations in its latest quarter, analysts maintain a “Hold” consensus rating with an average price target of $109.20. Insider selling has also been noted, with 78,267 shares sold in the past three months, while institutional ownership remains high at 89.07%.