Brown Advisory Inc. Sells 17,790 Shares of Arch Capital Group Ltd. $ACGL

Brown Advisory Inc. trimmed its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,185,148 shares of the insurance provider’s stock after selling 17,790 shares during the quarter. Brown Advisory Inc. owned 0.32% of Arch Capital Group worth $107,908,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ACGL. Zions Bancorporation National Association UT purchased a new stake in Arch Capital Group in the first quarter worth about $37,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Arch Capital Group by 3,450.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 414 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of Arch Capital Group by 31.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 112 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Arch Capital Group by 157.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 412 shares during the period. Finally, Neo Ivy Capital Management bought a new position in shares of Arch Capital Group during the second quarter valued at approximately $73,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $91.72 on Friday. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $98.81. The company has a market cap of $33.26 billion, a PE ratio of 8.58, a P/E/G ratio of 2.15 and a beta of 0.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.55 and a current ratio of 0.55. The business has a 50-day simple moving average of $90.21 and a two-hundred day simple moving average of $90.39.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $1.01. The firm had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.39 billion. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. During the same quarter in the prior year, the company posted $1.99 earnings per share. As a group, equities analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 8,000 shares of the firm’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $94.62, for a total value of $756,960.00. Following the completion of the transaction, the chief financial officer owned 266,681 shares of the company’s stock, valued at approximately $25,233,356.22. This trade represents a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ACGL. Wolfe Research assumed coverage on shares of Arch Capital Group in a research note on Monday, September 15th. They issued a “peer perform” rating for the company. Roth Capital set a $110.00 price target on Arch Capital Group and gave the company a “buy” rating in a report on Tuesday. Barclays set a $99.00 price objective on Arch Capital Group and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Morgan Stanley raised their price objective on Arch Capital Group from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Arch Capital Group from $102.00 to $103.00 and gave the stock a “market perform” rating in a report on Thursday, August 14th. Eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $106.85.

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.