Montag A & Associates Inc. Acquires 13,635 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Montag A & Associates Inc. grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 89.4% during the 4th quarter, Holdings Channel reports. The firm owned 28,885 shares of the insurance provider’s stock after purchasing an additional 13,635 shares during the period. Montag A & Associates Inc.’s holdings in Arch Capital Group were worth $2,145,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. boosted its position in shares of Arch Capital Group by 2.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 5,448 shares of the insurance provider’s stock valued at $405,000 after acquiring an additional 144 shares during the period. Signaturefd LLC lifted its position in Arch Capital Group by 6.8% during the third quarter. Signaturefd LLC now owns 2,292 shares of the insurance provider’s stock worth $183,000 after purchasing an additional 146 shares during the period. SRS Capital Advisors Inc. lifted its position in 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 purchasing an additional 146 shares during the period. Chase Investment Counsel Corp lifted its position 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 purchasing an additional 148 shares during the period. Finally, Legacy Wealth Asset Management LLC lifted its position 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 purchasing an additional 149 shares during the period. Institutional investors own 89.07% of the company’s stock.

Insiders Place Their Bets

In other news, insider Nicolas Papadopoulo sold 60,000 shares of Arch Capital Group stock in a transaction on Thursday, March 7th. The stock was 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 approximately $57,057,001.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Nicolas Papadopoulo sold 60,000 shares of Arch Capital Group stock in a transaction on Thursday, March 7th. The stock was 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 approximately $57,057,001.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Gansberg sold 10,000 shares of Arch Capital Group stock in a transaction on Monday, May 6th. The stock was sold at an average price of $96.64, for a total value of $966,400.00. Following the sale, the chief executive officer now owns 228,035 shares in the company, valued at $22,037,302.40. The disclosure for this sale can be found here. Insiders have sold 145,689 shares of company stock valued at $12,838,617 in the last three months. 4.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ACGL has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on shares of Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Citigroup lowered their price target on shares of Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating for the company in a report on Monday, January 22nd. Wells Fargo & Company raised their price objective on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Bank of America raised their price objective on shares of Arch Capital Group from $105.00 to $109.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Finally, Evercore ISI raised their price objective on shares of Arch Capital Group from $98.00 to $100.00 and gave the stock an “in-line” rating in a research report on Tuesday, April 30th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $100.67.

Arch Capital Group Stock Up 0.7 %

ACGL traded up $0.70 during mid-day trading on Thursday, reaching $99.63. 859,685 shares of the stock were exchanged, compared to its average volume of 1,710,278. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.59. The stock has a market capitalization of $37.38 billion, a PE ratio of 7.86, a price-to-earnings-growth ratio of 1.12 and a beta of 0.57. The company has a 50 day moving average price of $92.03 and a two-hundred day moving average price of $85.15. Arch Capital Group Ltd. has a 1 year low of $69.05 and a 1 year high of $99.70.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, April 29th. The insurance provider reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.39. The firm had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.77 billion. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.73 EPS. As a group, research analysts anticipate that Arch Capital Group Ltd. will post 8.43 EPS for the current year.

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.