Braun Stacey Associates Inc. Sells 3,725 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Braun Stacey Associates Inc. lowered its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 1.5% in the 1st quarter, according to 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 about 0.06% of Arch Capital Group worth $23,328,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Capital A Wealth Management LLC acquired a new stake in Arch Capital Group in the fourth quarter worth about $25,000. Bartlett & CO. Wealth Management LLC acquired a new stake in Arch Capital Group in the first quarter worth about $27,000. Wayfinding Financial LLC acquired a new stake in Arch Capital Group in the first quarter worth about $31,000. Cullen Frost Bankers Inc. acquired a new stake in Arch Capital Group in the fourth quarter worth about $37,000. Finally, Grove Bank & Trust acquired a new stake in Arch Capital Group in the first quarter worth about $40,000. Institutional investors and hedge funds own 89.07% of the company's stock.

Arch Capital Group Trading Up 0.9%

ACGL stock traded up $0.79 during mid-day trading on Tuesday, reaching $90.21. 2,235,445 shares of the stock traded hands, compared to its average volume of 1,723,842. 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 Ltd. has a 52-week low of $82.49 and a 52-week high of $116.47. The company has a market cap of $33.81 billion, a P/E ratio of 9.24, a P/E/G ratio of 6.18 and a beta of 0.51. The stock's fifty day moving average is $92.13 and its 200-day moving average is $92.11.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ACGL. Morgan Stanley set a $110.00 price objective on shares of Arch Capital Group and gave the stock an "overweight" rating in a report on Monday, May 19th. Barclays cut their price target on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. Wells Fargo & Company upped their price target on shares of 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. upped their price target on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Finally, Jefferies Financial Group downgraded shares of Arch Capital Group from a "buy" rating to a "hold" rating and cut their price target for the company from $106.00 to $100.00 in a report on Tuesday, June 10th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Arch Capital Group currently has an average rating of "Moderate Buy" and a consensus price target of $114.27.

Insider Activity at Arch Capital Group

In other news, insider Louis T. Petrillo sold 16,650 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.53, for a total value of $1,573,924.50. Following the completion of the sale, the insider directly owned 140,023 shares of the company's stock, valued at $13,236,374.19. This represents a 10.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John M. Pasquesi sold 75,060 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $94.01, for a total transaction of $7,056,390.60. Following the completion of the sale, the insider directly owned 579,218 shares of the company's stock, valued at $54,452,284.18. This trade represents a 11.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 111,976 shares of company stock valued at $10,531,038 over the last ninety days. 4.10% of the stock is owned by company insiders.

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.