Braun Stacey Associates Inc. Has $20.60 Million Stake in Arch Capital Group Ltd. $ACGL

Braun Stacey Associates Inc. lowered its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 227,041 shares of the insurance provider’s stock after selling 7,289 shares during the quarter. Braun Stacey Associates Inc. owned about 0.06% of Arch Capital Group worth $20,599,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Mather Group LLC. bought a new stake in shares of Arch Capital Group during the 3rd quarter valued at about $186,000. Diversified Trust Co increased its holdings in Arch Capital Group by 24.6% in the third quarter. Diversified Trust Co now owns 9,823 shares of the insurance provider’s stock worth $891,000 after purchasing an additional 1,940 shares in the last quarter. HM Payson & Co. lifted its stake in Arch Capital Group by 10.4% in the third quarter. HM Payson & Co. now owns 10,650 shares of the insurance provider’s stock valued at $966,000 after buying an additional 1,000 shares during the period. Polianta Ltd bought a new position in shares of Arch Capital Group during the 3rd quarter worth approximately $1,451,000. Finally, CWM LLC boosted its holdings in shares of Arch Capital Group by 1.4% during the 3rd quarter. CWM LLC now owns 257,598 shares of the insurance provider’s stock worth $23,372,000 after buying an additional 3,499 shares in the last quarter. 89.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Arch Capital Group in a research report on Wednesday, October 8th. Citigroup reaffirmed a “market outperform” rating on shares of Arch Capital Group in a research note on Tuesday, October 28th. Wolfe Research initiated coverage on shares of Arch Capital Group in a report on Monday, September 15th. They set a “peer perform” rating on the stock. Barclays set a $99.00 target price on Arch Capital Group and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group set a $88.00 price target on Arch Capital Group and gave the stock a “sell” rating in a research note on Tuesday, October 14th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Arch Capital Group has an average rating of “Hold” and an average price target of $106.00.

Arch Capital Group Trading Down 0.8%

ACGL opened at $95.92 on Friday. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $97.60. The firm has a market capitalization of $34.78 billion, a PE ratio of 8.97, a P/E/G ratio of 2.23 and a beta of 0.45. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.55 and a quick ratio of 0.55. The company’s 50-day moving average is $92.20 and its 200 day moving average is $90.66.

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

Insiders Place Their Bets

In related news, insider John M. Pasquesi sold 203,866 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $93.90, for a total transaction of $19,143,017.40. Following the transaction, the insider directly owned 351,356 shares in the company, valued at approximately $32,992,328.40. The trade was a 36.72% 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, CFO Francois Morin sold 8,000 shares of the company’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $94.62, for a total transaction of $756,960.00. Following the completion of the sale, the chief financial officer directly owned 266,681 shares of the company’s stock, valued at $25,233,356.22. The trade was a 2.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 220,666 shares of company stock worth $20,728,673 over the last ninety days. Insiders own 4.20% of the company’s stock.

Arch Capital Group Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.