Brown Miller Wealth Management LLC Purchases 333 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Brown Miller Wealth Management LLC boosted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,272 shares of the insurance provider’s stock after buying an additional 333 shares during the period. Brown Miller Wealth Management LLC’s holdings in Arch Capital Group were worth $1,041,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Sunbelt Securities Inc. boosted its holdings in Arch Capital Group by 1.8% in the first quarter. Sunbelt Securities Inc. now owns 6,679 shares of the insurance provider’s stock valued at $617,000 after acquiring an additional 117 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Arch Capital Group by 2.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,448 shares of the insurance provider’s stock valued at $405,000 after purchasing an additional 144 shares during the last quarter. SRS Capital Advisors Inc. increased its position in shares of Arch Capital Group by 15.2% during the third quarter. SRS Capital Advisors Inc. now owns 1,107 shares of the insurance provider’s stock worth $88,000 after buying an additional 146 shares during the period. Chase Investment Counsel Corp raised its stake in Arch Capital Group by 0.4% during the fourth quarter. Chase Investment Counsel Corp now owns 39,656 shares of the insurance provider’s stock worth $2,945,000 after buying an additional 148 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC raised its stake in Arch Capital Group by 2.2% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 6,985 shares of the insurance provider’s stock worth $519,000 after buying an additional 149 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ACGL shares. Bank of America increased their price target on Arch Capital Group from $109.00 to $119.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft lifted their target price on Arch Capital Group from $103.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Morgan Stanley increased their price target on Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. JPMorgan Chase & Co. lifted their price objective on shares of Arch Capital Group from $88.00 to $92.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Finally, Evercore ISI boosted their target price on shares of Arch Capital Group from $98.00 to $100.00 and gave the company an “in-line” rating in a research report on Tuesday, April 30th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.33.

Arch Capital Group Stock Down 0.1 %

Shares of ACGL traded down $0.13 on Friday, reaching $100.89. The company’s stock had a trading volume of 3,818,454 shares, compared to its average volume of 1,822,836. Arch Capital Group Ltd. has a twelve month low of $71.69 and a twelve month high of $103.79. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average of $99.07 and a 200-day moving average of $89.41. The stock has a market capitalization of $37.88 billion, a PE ratio of 7.96, a PEG ratio of 1.73 and a beta of 0.60.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, topping the consensus estimate of $2.06 by $0.39. The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.73 EPS. Equities analysts predict that Arch Capital Group Ltd. will post 8.55 EPS for the current year.

Insider Buying and Selling

In other Arch Capital Group news, CEO David Gansberg sold 10,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $96.64, for a total transaction of $966,400.00. Following the completion of the transaction, the chief executive officer now directly owns 228,035 shares of the company’s stock, valued at $22,037,302.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.20% of the stock is owned by insiders.

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.