Braun Stacey Associates Inc. Cuts Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Braun Stacey Associates Inc. trimmed its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 1.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 242,546 shares of the insurance provider's stock after selling 3,725 shares during the period. Braun Stacey Associates Inc. owned about 0.06% of Arch Capital Group worth $23,328,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Capital A Wealth Management LLC bought a new stake in shares of Arch Capital Group during the 4th quarter worth $25,000. Bartlett & CO. Wealth Management LLC bought a new stake in Arch Capital Group in the 1st quarter valued at about $27,000. Wayfinding Financial LLC bought a new stake in Arch Capital Group in the 1st quarter valued at about $31,000. Cullen Frost Bankers Inc. bought a new stake in Arch Capital Group in the 4th quarter valued at about $37,000. Finally, Grove Bank & Trust bought a new stake in Arch Capital Group in the 1st quarter valued at about $40,000. 89.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ACGL shares. JPMorgan Chase & Co. boosted their price objective on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods boosted their price objective on Arch Capital Group from $104.00 to $113.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. JMP Securities restated a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a research note on Wednesday, April 30th. UBS Group boosted their price objective on Arch Capital Group to $124.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Finally, Jefferies Financial Group cut Arch Capital Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $106.00 to $100.00 in a research note on Tuesday, June 10th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $114.27.

Arch Capital Group Price Performance

Shares of ACGL traded up $0.23 during midday trading on Monday, hitting $89.42. 2,902,311 shares of the company traded hands, compared to its average volume of 1,719,459. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $116.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market cap of $33.51 billion, a P/E ratio of 9.16, a PEG ratio of 6.17 and a beta of 0.51. The stock has a 50-day moving average of $92.17 and a 200-day moving average of $92.12.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 EPS for the quarter, missing the consensus estimate 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 business had revenue of $4.52 billion for the quarter, compared to analysts' expectations of $4.75 billion. During the same period in the previous year, the firm posted $2.45 EPS. The firm's revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Louis T. Petrillo sold 16,650 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.53, for a total transaction of $1,573,924.50. Following the completion of the transaction, the insider owned 140,023 shares of the company's stock, valued at approximately $13,236,374.19. The trade was a 10.63% 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 the SEC website. Also, insider John M. Pasquesi sold 75,060 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $94.01, for a total value of $7,056,390.60. Following the transaction, the insider directly owned 579,218 shares of the company's stock, valued at $54,452,284.18. The trade was a 11.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 111,976 shares of company stock worth $10,531,038 over the last three months. Company insiders own 4.10% of the company's stock.

Arch Capital Group 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.