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

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACGL. Norges Bank acquired a new stake in Arch Capital Group in the fourth quarter worth about $437,291,000. Madison Investment Advisors LLC acquired a new position in shares of Arch Capital Group during the 4th quarter worth about $410,010,000. First Trust Advisors LP grew its position in shares of Arch Capital Group by 663.3% during the 4th quarter. First Trust Advisors LP now owns 2,462,382 shares of the insurance provider's stock worth $227,401,000 after buying an additional 2,139,782 shares during the period. Marshall Wace LLP acquired a new position in shares of Arch Capital Group during the 4th quarter worth about $151,342,000. Finally, Egerton Capital UK LLP grew its position in shares of Arch Capital Group by 25.8% during the 4th quarter. Egerton Capital UK LLP now owns 3,987,972 shares of the insurance provider's stock worth $368,289,000 after buying an additional 816,750 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Stock Up 0.8%

NASDAQ ACGL traded up $0.69 during trading on Friday, hitting $89.07. The stock had a trading volume of 1,964,531 shares, compared to its average volume of 1,714,709. The company has a market capitalization of $33.38 billion, a PE ratio of 9.13, a P/E/G ratio of 6.17 and a beta of 0.51. The company's 50-day moving average price is $92.21 and its two-hundred day moving average price is $92.11. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ACGL shares. Keefe, Bruyette & Woods boosted their target price on Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Wells Fargo & Company lifted their price objective on Arch Capital Group from $106.00 to $108.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. lifted their price objective on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Barclays cut their price objective on 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. Finally, Morgan Stanley set a $110.00 price objective on Arch Capital Group and gave the company an "overweight" rating in a report on Monday, May 19th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $114.27.

Insider Buying and Selling

In other Arch Capital Group news, CFO Francois Morin sold 12,630 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the transaction, the chief financial officer owned 274,681 shares of the company's stock, valued at $25,979,328.98. The trade was a 4.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John M. Pasquesi sold 75,060 shares of the business's stock in a transaction that occurred on 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 in the company, valued at $54,452,284.18. This trade represents a 11.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 111,976 shares of company stock worth $10,531,038 over the last 90 days. Company insiders own 4.20% of the company's stock.

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.