Braun Stacey Associates Inc. Sells 7,289 Shares of Arch Capital Group Ltd. $ACGL

Braun Stacey Associates Inc. lowered its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.1% during the 3rd quarter, Holdings Channel reports. The firm owned 227,041 shares of the insurance provider’s stock after selling 7,289 shares during the period. Braun Stacey Associates Inc.’s holdings in Arch Capital Group were worth $20,599,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its position in Arch Capital Group by 3,450.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock worth $39,000 after acquiring an additional 414 shares during the period. TD Waterhouse Canada Inc. grew its holdings in Arch Capital Group by 31.4% during the second quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 112 shares during the period. Geneos Wealth Management Inc. grew its holdings in Arch Capital Group by 157.9% during the first quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock valued at $65,000 after purchasing an additional 412 shares during the period. Neo Ivy Capital Management purchased a new stake in Arch Capital Group in the second quarter worth $73,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in Arch Capital Group in the second quarter worth $87,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Francois Morin sold 8,000 shares of Arch Capital Group stock in a transaction on 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 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John M. Pasquesi sold 8,800 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $94.17, for a total value of $828,696.00. Following the transaction, the insider owned 289,556 shares of the company’s stock, valued at approximately $27,267,488.52. The trade was a 2.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 220,666 shares of company stock worth $20,728,673 in the last quarter. 4.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ACGL has been the topic of a number of recent research reports. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $98.00 price target on shares of Arch Capital Group in a research report on Tuesday, October 28th. JPMorgan Chase & Co. upped their price objective on shares of Arch Capital Group from $110.00 to $111.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Mizuho set a $95.00 target price on shares of Arch Capital Group and gave the stock a “neutral” rating in a research note on Monday, December 15th. Royal Bank Of Canada set a $108.00 price target on shares of Arch Capital Group and gave the company an “outperform” rating in a research report on Monday, November 24th. Finally, The Goldman Sachs Group set a $88.00 price objective on shares of Arch Capital Group and gave the stock a “sell” rating in a report on Tuesday, October 14th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $106.00.

Arch Capital Group Price Performance

ACGL stock opened at $95.92 on Friday. The firm has a 50 day moving average of $92.20 and a 200-day moving average of $90.66. The firm has a market capitalization of $34.78 billion, a P/E ratio of 8.97, a price-to-earnings-growth ratio of 2.23 and a beta of 0.45. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $97.60. 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 (NASDAQ:ACGL) last posted its earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $1.01. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. The business had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same quarter in the prior year, the firm posted $1.99 EPS. As a group, sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

About Arch Capital Group

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.