Brown Advisory Inc. Sells 13,929 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Brown Advisory Inc. lessened its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,220,515 shares of the insurance provider's stock after selling 13,929 shares during the period. Brown Advisory Inc. owned about 0.33% of Arch Capital Group worth $90,648,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Advocates Investment Management lifted its holdings in Arch Capital Group by 4.1% during the fourth quarter. Financial Advocates Investment Management now owns 4,143 shares of the insurance provider's stock valued at $308,000 after purchasing an additional 163 shares during the last quarter. Navellier & Associates Inc. grew its stake in Arch Capital Group by 23.2% in the 4th quarter. Navellier & Associates Inc. now owns 29,086 shares of the insurance provider's stock valued at $2,160,000 after buying an additional 5,468 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in Arch Capital Group by 32.0% during the 4th quarter. Panagora Asset Management Inc. now owns 23,578 shares of the insurance provider's stock valued at $1,751,000 after acquiring an additional 5,722 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Arch Capital Group by 13.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,072 shares of the insurance provider's stock worth $154,000 after acquiring an additional 249 shares in the last quarter. Finally, Inceptionr LLC bought a new position in shares of Arch Capital Group in the fourth quarter worth $223,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Francois Morin sold 25,689 shares of Arch Capital Group stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the completion of the sale, the chief financial officer now owns 221,779 shares in the company, valued at approximately $19,399,009.13. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Maamoun Rajeh sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the completion of the transaction, the chief executive officer now directly owns 336,170 shares in the company, valued at approximately $29,408,151.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Francois Morin sold 25,689 shares of the firm's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total value of $2,247,016.83. Following the transaction, the chief financial officer now owns 221,779 shares in the company, valued at $19,399,009.13. The disclosure for this sale can be found here. Over the last three months, insiders have sold 145,689 shares of company stock worth $12,838,617. 4.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ACGL. Morgan Stanley upped their price target on shares of Arch Capital Group from $104.00 to $109.00 and gave the stock an "overweight" rating in a report on Monday, April 15th. JPMorgan Chase & Co. boosted their price objective on shares of Arch Capital Group from $88.00 to $92.00 and gave the company a "neutral" rating in a research report on Monday, April 8th. Wells Fargo & Company raised their price objective on Arch Capital Group from $109.00 to $110.00 and gave the company an "overweight" rating in a research report on Wednesday, May 1st. StockNews.com raised Arch Capital Group from a "hold" rating to a "buy" rating in a report on Friday. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $98.00 price target on shares of Arch Capital Group in a research note on Friday, February 16th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $100.67.

Arch Capital Group Stock Up 2.2 %

NASDAQ ACGL traded up $2.17 during trading hours on Friday, hitting $100.99. 1,484,877 shares of the company were exchanged, compared to its average volume of 1,556,223. Arch Capital Group Ltd. has a 52-week low of $69.05 and a 52-week high of $101.28. The company has a 50 day moving average of $93.38 and a two-hundred day moving average of $85.83. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.17. The firm has a market cap of $37.92 billion, a price-to-earnings ratio of 7.97, a PEG ratio of 1.16 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings results on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, topping the consensus estimate of $2.06 by $0.39. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the previous year, the company posted $1.73 earnings per share. The firm's revenue was up 19.3% compared to the same quarter last year. Equities research analysts anticipate that Arch Capital Group Ltd. will post 8.55 earnings per share for the current year.

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.

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