Braun Stacey Associates Inc. Has $28.01 Million Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Braun Stacey Associates Inc. lowered its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 3.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 250,318 shares of the insurance provider's stock after selling 8,233 shares during the quarter. Arch Capital Group accounts for about 1.1% of Braun Stacey Associates Inc.'s investment portfolio, making the stock its 28th largest position. Braun Stacey Associates Inc. owned about 0.07% of Arch Capital Group worth $28,006,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. acquired a new position in shares of Arch Capital Group in the 2nd quarter worth approximately $30,000. Baldwin Brothers LLC MA grew its position in shares of Arch Capital Group by 50.7% during the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider's stock worth $31,000 after buying an additional 104 shares during the period. Rothschild Investment LLC acquired a new position in Arch Capital Group in the second quarter valued at approximately $35,000. LRI Investments LLC acquired a new stake in Arch Capital Group during the 1st quarter worth $40,000. Finally, Compagnie Lombard Odier SCmA bought a new stake in shares of Arch Capital Group during the 3rd quarter valued at $46,000. Institutional investors own 89.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. StockNews.com lowered Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Roth Mkm increased their target price on shares of Arch Capital Group from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. Jefferies Financial Group boosted their price target on shares of Arch Capital Group from $114.00 to $134.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Evercore ISI raised their price objective on Arch Capital Group from $104.00 to $107.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 9th. Finally, Citigroup boosted their target price on Arch Capital Group from $105.00 to $114.00 and gave the company a "neutral" rating in a research note on Tuesday, September 10th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $118.94.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL traded down $4.83 during trading hours on Monday, hitting $97.00. 1,297,389 shares of the stock were exchanged, compared to its average volume of 1,674,943. The company's fifty day simple moving average is $108.03 and its two-hundred day simple moving average is $103.36. The company has a market cap of $36.50 billion, a PE ratio of 6.83, a price-to-earnings-growth ratio of 1.47 and a beta of 0.61. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. Arch Capital Group Ltd. has a 1-year low of $72.85 and a 1-year high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.05. The business had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same period in the prior year, the company earned $2.31 EPS. On average, sell-side analysts predict that Arch Capital Group Ltd. will post 9.01 EPS for the current year.

Arch Capital Group Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be given a dividend of $5.00 per share. The ex-dividend date of this dividend is Monday, November 18th.

About Arch Capital Group

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.