Arch Capital Group Ltd. $ACGL Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. decreased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.5% in the second quarter, HoldingsChannel reports. The firm owned 1,185,148 shares of the insurance provider’s stock after selling 17,790 shares during the quarter. Brown Advisory Inc.’s holdings in Arch Capital Group were worth $107,908,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Zions Bancorporation National Association UT purchased a new position in Arch Capital Group during the 1st quarter worth approximately $37,000. Caitong International Asset Management Co. Ltd boosted 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 acquiring an additional 414 shares during the last quarter. TD Waterhouse Canada Inc. increased its stake in shares of Arch Capital Group by 31.4% in the second quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 112 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Arch Capital Group by 157.9% during the first 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 last quarter. Finally, Neo Ivy Capital Management purchased a new position in shares of Arch Capital Group during the second quarter worth $73,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insiders Place Their Bets

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

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $91.72 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $98.81. The business’s 50 day moving average is $90.21 and its two-hundred day moving average is $90.39. The company has a market capitalization of $33.26 billion, a P/E ratio of 8.58, a P/E/G ratio of 2.15 and a beta of 0.47.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on ACGL shares. The Goldman Sachs Group set a $88.00 price target on shares of Arch Capital Group and gave the company a “sell” rating in a report on Tuesday, October 14th. Citigroup restated a “market outperform” rating on shares of Arch Capital Group in a research note on Tuesday, October 28th. Wolfe Research initiated coverage on Arch Capital Group in a research report on Monday, September 15th. They set a “peer perform” rating for the company. Keefe, Bruyette & Woods boosted their price target on Arch Capital Group from $102.00 to $103.00 and gave the company a “market perform” rating in a report on Thursday, August 14th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Arch Capital Group from $110.00 to $111.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.