Montag A & Associates Inc. Grows Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Montag A & Associates Inc. raised its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 89.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 28,885 shares of the insurance provider’s stock after buying 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.

A number of other institutional investors have also modified their holdings of ACGL. Commonwealth Equity Services LLC grew its position in shares of Arch Capital Group by 109.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 45,198 shares of the insurance provider’s stock valued at $3,603,000 after acquiring an additional 23,607 shares during the period. Mackenzie Financial Corp grew its position in shares of Arch Capital Group by 4.7% during the 3rd quarter. Mackenzie Financial Corp now owns 41,127 shares of the insurance provider’s stock valued at $3,206,000 after acquiring an additional 1,852 shares during the period. IFM Investors Pty Ltd grew its position in shares of Arch Capital Group by 11.4% during the 3rd quarter. IFM Investors Pty Ltd now owns 79,945 shares of the insurance provider’s stock valued at $6,372,000 after acquiring an additional 8,192 shares during the period. Advisor Partners II LLC boosted its holdings in Arch Capital Group by 115.5% in the 3rd quarter. Advisor Partners II LLC now owns 19,826 shares of the insurance provider’s stock worth $1,580,000 after buying an additional 10,628 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in Arch Capital Group by 14.2% in the 3rd quarter. Park Avenue Securities LLC now owns 22,481 shares of the insurance provider’s stock worth $1,792,000 after buying an additional 2,803 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insider Buying and Selling at Arch Capital Group

In other news, CEO Maamoun Rajeh sold 50,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the sale, the chief executive officer now owns 336,170 shares of the company’s stock, valued at $29,408,151.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Maamoun Rajeh sold 50,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the sale, the chief executive officer now owns 336,170 shares of the company’s stock, valued at $29,408,151.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Gansberg sold 10,000 shares of the company’s 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 directly owns 228,035 shares in the company, valued at approximately $22,037,302.40. The disclosure for this sale can be found here. Insiders have sold a total of 145,689 shares of company stock valued at $12,838,617 over the last quarter. 4.00% of the stock is owned by company insiders.

Arch Capital Group Trading Up 0.7 %

NASDAQ ACGL traded up $0.70 on Thursday, reaching $99.63. The stock had a trading volume of 859,685 shares, compared to its average volume of 1,710,278. The firm has a market capitalization of $37.38 billion, a price-to-earnings ratio of 7.86, a P/E/G ratio of 1.12 and a beta of 0.57. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 12-month low of $69.05 and a 12-month high of $99.70. The stock has a fifty day moving average price of $92.03 and a two-hundred day moving average price of $85.15.

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on ACGL. JMP Securities lifted their price objective on Arch Capital Group from $100.00 to $110.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 30th. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday. UBS Group lowered their price objective on Arch Capital Group from $101.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, January 10th. JPMorgan Chase & Co. lifted their price objective on Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, TD Cowen assumed coverage on Arch Capital Group in a report on Wednesday, January 10th. They issued an “outperform” rating and a $96.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $100.67.

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.