Braun Stacey Associates Inc. Has $23.33 Million Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Braun Stacey Associates Inc. lessened its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 1.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 242,546 shares of the insurance provider's stock after selling 3,725 shares during the period. Braun Stacey Associates Inc. owned 0.06% of Arch Capital Group worth $23,328,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Resonant Capital Advisors LLC boosted its holdings in shares of 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 acquiring an additional 113 shares in the last quarter. Cim LLC lifted its position in shares of Arch Capital Group by 1.1% in the 4th quarter. Cim LLC now owns 11,194 shares of the insurance provider's stock valued at $1,034,000 after acquiring an additional 124 shares in the last quarter. CreativeOne Wealth LLC lifted its position in Arch Capital Group by 4.9% in the 4th quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider's stock worth $248,000 after buying an additional 126 shares in the last quarter. HBK Sorce Advisory LLC lifted its position in Arch Capital Group by 5.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider's stock worth $219,000 after buying an additional 127 shares in the last quarter. Finally, Aurora Investment Managers LLC. lifted its position in Arch Capital Group by 0.6% in the 1st quarter. Aurora Investment Managers LLC. now owns 22,530 shares of the insurance provider's stock worth $2,167,000 after buying an additional 135 shares in the last quarter. Institutional investors own 89.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ACGL. Barclays cut their price target on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. JMP Securities reiterated a "market outperform" rating and issued a $125.00 target price on shares of Arch Capital Group in a research note on Wednesday, April 30th. UBS Group raised their target price on shares of Arch Capital Group to $124.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Keefe, Bruyette & Woods raised their price target on shares of Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Finally, Jefferies Financial Group lowered shares of Arch Capital Group from a "buy" rating to a "hold" rating and decreased their price target for the stock from $106.00 to $100.00 in a research report on Tuesday, June 10th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $114.27.

Insider Buying and Selling at Arch Capital Group

In related news, CFO Francois Morin sold 12,630 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the completion of the transaction, the chief financial officer owned 274,681 shares in the company, valued at approximately $25,979,328.98. The trade was a 4.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Louis T. Petrillo sold 16,650 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.53, for a total transaction of $1,573,924.50. Following the transaction, the insider owned 140,023 shares of the company's stock, valued at approximately $13,236,374.19. This represents a 10.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 111,976 shares of company stock worth $10,531,038 in the last 90 days. Corporate insiders own 4.20% of the company's stock.

Arch Capital Group Price Performance

ACGL stock traded up $0.16 during trading on Monday, hitting $89.35. 2,441,209 shares of the stock traded hands, compared to its average volume of 1,719,400. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $116.47. The stock has a market cap of $33.48 billion, a price-to-earnings ratio of 9.15, a P/E/G ratio of 6.17 and a beta of 0.51. The company has a 50 day simple moving average of $92.21 and a 200 day simple moving average of $92.14. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). Arch Capital Group had a return on equity of 15.79% and a net margin of 20.72%. The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.75 billion. During the same period in the prior year, the firm posted $2.45 earnings per share. The company's revenue was up 10.5% on a year-over-year basis. Equities analysts expect that Arch Capital Group Ltd. will post 8.42 EPS 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.