Braun Stacey Associates Inc. Lowers Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Braun Stacey Associates Inc. lowered its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 246,271 shares of the insurance provider's stock after selling 4,047 shares during the quarter. Braun Stacey Associates Inc. owned 0.07% of Arch Capital Group worth $22,743,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. State Street Corp raised its position in shares of Arch Capital Group by 1.1% during the third quarter. State Street Corp now owns 16,587,446 shares of the insurance provider's stock valued at $1,855,803,000 after buying an additional 172,628 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Arch Capital Group by 2.4% during the third quarter. Geode Capital Management LLC now owns 10,830,263 shares of the insurance provider's stock valued at $1,208,307,000 after buying an additional 253,648 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Arch Capital Group by 10.5% during the fourth quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider's stock valued at $759,324,000 after buying an additional 783,506 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Arch Capital Group by 4.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider's stock valued at $488,992,000 after buying an additional 226,617 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Arch Capital Group by 245.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider's stock valued at $341,652,000 after buying an additional 2,168,897 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Analyst Upgrades and Downgrades

ACGL has been the topic of several recent analyst reports. Barclays reduced their price objective on shares of Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada reduced their price target on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. BMO Capital Markets boosted their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 6th. Wells Fargo & Company reduced their price target on shares of Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. Finally, Bank of America reduced their price target on shares of Arch Capital Group from $143.00 to $136.00 and set a "buy" rating on the stock in a research report on Friday, November 15th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $117.19.

Arch Capital Group Trading Down 1.0 %

NASDAQ ACGL traded down $0.92 on Friday, hitting $88.13. 1,724,179 shares of the stock were exchanged, compared to its average volume of 1,947,416. The firm has a market capitalization of $33.16 billion, a P/E ratio of 7.87, a P/E/G ratio of 2.29 and a beta of 0.64. Arch Capital Group Ltd. has a 52-week low of $84.00 and a 52-week high of $116.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The stock has a fifty day moving average price of $91.96 and a two-hundred day moving average price of $100.63.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same quarter last year, the company earned $2.45 earnings per share. Research analysts forecast that Arch Capital Group Ltd. will post 8.54 EPS for the current fiscal year.

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.