Brown Miller Wealth Management LLC Boosts Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Brown Miller Wealth Management LLC raised its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 11.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,939 shares of the insurance provider’s stock after buying an additional 1,116 shares during the quarter. Brown Miller Wealth Management LLC’s holdings in Arch Capital Group were worth $812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Ellsworth Advisors LLC increased its stake in Arch Capital Group by 2.2% in the 4th quarter. Ellsworth Advisors LLC now owns 53,583 shares of the insurance provider’s stock worth $3,980,000 after acquiring an additional 1,134 shares during the last quarter. Procyon Advisors LLC grew its holdings in Arch Capital Group by 6.6% during the 4th quarter. Procyon Advisors LLC now owns 7,323 shares of the insurance provider’s stock valued at $544,000 after purchasing an additional 454 shares during the last quarter. Trust Co of the South purchased a new stake in Arch Capital Group in the 4th quarter worth about $206,000. Pacer Advisors Inc. boosted its position in shares of Arch Capital Group by 50.6% during the fourth quarter. Pacer Advisors Inc. now owns 35,177 shares of the insurance provider’s stock valued at $2,613,000 after buying an additional 11,823 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Arch Capital Group by 4.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 112,673 shares of the insurance provider’s stock worth $8,368,000 after purchasing an additional 4,857 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

ACGL traded up $0.96 during trading on Thursday, hitting $92.44. The company’s stock had a trading volume of 2,462,970 shares, compared to its average volume of 1,752,947. The firm has a market capitalization of $34.59 billion, a price-to-earnings ratio of 7.96, a P/E/G ratio of 1.13 and a beta of 0.57. Arch Capital Group Ltd. has a twelve month low of $66.88 and a twelve month high of $92.57. The business’s fifty day simple moving average is $86.31 and its 200 day simple moving average is $82.69. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.55. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter in the previous year, the business posted $2.14 earnings per share. On average, equities research analysts forecast that Arch Capital Group Ltd. will post 8 EPS for the current fiscal year.

Insider Activity at Arch Capital Group

In related news, insider Nicolas Papadopoulo sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the sale, the insider now directly owns 651,931 shares in the company, valued at $57,057,001.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the sale, the insider now directly owns 651,931 shares in the company, valued at $57,057,001.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Francois Morin sold 25,689 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.47, for a total value of $2,247,016.83. Following the transaction, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at $19,399,009.13. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,689 shares of company stock worth $11,872,217. Company insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ACGL shares. Evercore ISI upped their price objective on shares of Arch Capital Group from $85.00 to $92.00 and gave the company an “in-line” rating in a report on Thursday, February 15th. JPMorgan Chase & Co. boosted their price objective on shares of Arch Capital Group from $80.00 to $88.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $98.00 price target on shares of Arch Capital Group in a research report on Friday, February 16th. Wells Fargo & Company increased their price objective on Arch Capital Group from $98.00 to $104.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Finally, UBS Group dropped their target price on Arch Capital Group from $101.00 to $97.00 and set a “buy” rating on the stock in a research report on Wednesday, January 10th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $94.46.

Arch Capital Group 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.