Brown Miller Wealth Management LLC Has $812,000 Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

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

Other hedge funds and other institutional investors have also modified their holdings of the company. WCM Investment Management LLC acquired a new stake in shares of Arch Capital Group in the 1st quarter valued at $866,650,000. Norges Bank acquired a new position in Arch Capital Group in the fourth quarter valued at about $207,242,000. Morgan Stanley grew its stake in Arch Capital Group by 116.3% during the fourth quarter. Morgan Stanley now owns 3,585,197 shares of the insurance provider’s stock worth $225,079,000 after buying an additional 1,927,830 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Arch Capital Group by 112.4% in the third quarter. Envestnet Asset Management Inc. now owns 2,620,807 shares of the insurance provider’s stock valued at $208,905,000 after acquiring an additional 1,387,072 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Arch Capital Group by 49.0% in the second quarter. Goldman Sachs Group Inc. now owns 3,859,630 shares of the insurance provider’s stock valued at $288,893,000 after acquiring an additional 1,269,730 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Up 1.0 %

Shares of Arch Capital Group stock traded up $0.96 on Thursday, hitting $92.44. The company had a trading volume of 2,462,970 shares, compared to its average volume of 1,752,947. Arch Capital Group Ltd. has a twelve month low of $66.88 and a twelve month high of $92.57. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a 50-day moving average of $86.31 and a 200-day moving average of $82.69. The firm has a market capitalization of $34.59 billion, a P/E ratio of 7.96, a P/E/G ratio of 1.13 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.55. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter last year, the business posted $2.14 EPS. Research analysts predict that Arch Capital Group Ltd. will post 8 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ACGL. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. UBS Group decreased their price objective 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. JMP Securities boosted their target price on Arch Capital Group from $95.00 to $100.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. raised their price target on Arch Capital Group from $80.00 to $88.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Finally, Evercore ISI lifted their price target on shares of Arch Capital Group from $85.00 to $92.00 and gave the stock an “in-line” rating in a research report on Thursday, February 15th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Arch Capital Group has a consensus rating of “Moderate Buy” and an average price target of $94.46.

Insider Transactions at Arch Capital Group

In other news, CFO Francois Morin sold 25,689 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the sale, the chief financial officer now owns 221,779 shares in the company, valued at approximately $19,399,009.13. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Francois Morin sold 25,689 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $19,399,009.13. The disclosure for this sale can be found here. Insiders have sold a total of 135,689 shares of company stock valued at $11,872,217 over the last 90 days. 4.20% of the stock is owned by corporate 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.