Arch Capital Group Ltd. (NASDAQ:ACGL) Stake Reduced by Brown Advisory Inc.

Brown Advisory Inc. lessened its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 0.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,202,938 shares of the insurance provider's stock after selling 9,214 shares during the quarter. Brown Advisory Inc. owned 0.32% of Arch Capital Group worth $115,699,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. boosted its stake in shares of Arch Capital Group by 24.7% in the 1st quarter. Crossmark Global Holdings Inc. now owns 37,625 shares of the insurance provider's stock valued at $3,619,000 after purchasing an additional 7,448 shares in the last quarter. Capital Advisors Inc. OK grew its position in shares of Arch Capital Group by 24.0% during the 1st quarter. Capital Advisors Inc. OK now owns 3,327 shares of the insurance provider's stock worth $320,000 after buying an additional 643 shares during the period. Cloud Capital Management LLC acquired a new stake in shares of Arch Capital Group during the 1st quarter worth approximately $122,000. HM Payson & Co. grew its position in shares of Arch Capital Group by 14.0% during the 1st quarter. HM Payson & Co. now owns 11,200 shares of the insurance provider's stock worth $1,077,000 after buying an additional 1,377 shares during the period. Finally, World Investment Advisors grew its position in Arch Capital Group by 114.1% in the 1st quarter. World Investment Advisors now owns 6,321 shares of the insurance provider's stock valued at $608,000 after purchasing an additional 3,369 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Price Performance

NASDAQ ACGL traded down $0.41 on Wednesday, hitting $89.80. The company had a trading volume of 802,471 shares, compared to its average volume of 1,772,124. The company has a market capitalization of $33.65 billion, a PE ratio of 9.21, a PEG ratio of 6.18 and a beta of 0.51. The company's fifty day moving average price is $92.13 and its 200-day moving average price is $92.11. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick 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 announced its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.05). The firm had revenue of $4.52 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.45 EPS. As a group, analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insider Buying and Selling

In related news, 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 transaction of $7,056,390.60. Following the completion of the sale, the insider owned 579,218 shares in the company, valued at $54,452,284.18. The trade was a 11.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $1,573,924.50. Following the completion of the transaction, the insider owned 140,023 shares in the company, valued at $13,236,374.19. This represents a 10.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 111,976 shares of company stock valued at $10,531,038. Company insiders own 4.10% of the company's stock.

Analyst Ratings Changes

ACGL has been the topic of a number of analyst reports. JMP Securities reaffirmed a "market outperform" rating and set a $125.00 price objective on shares of Arch Capital Group in a report on Wednesday, April 30th. 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. UBS Group upped their price target on Arch Capital Group to $124.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Barclays cut their price objective on 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. Finally, JPMorgan Chase & Co. upped their target price on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $113.47.

About Arch Capital Group

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.