Montag A & Associates Inc. Purchases 1,941 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Montag A & Associates Inc. lifted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,767 shares of the insurance provider’s stock after purchasing an additional 1,941 shares during the period. Montag A & Associates Inc.’s holdings in Arch Capital Group were worth $2,749,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ACGL. AustralianSuper Pty Ltd increased its position in Arch Capital Group by 736.4% during the fourth quarter. AustralianSuper Pty Ltd now owns 766,365 shares of the insurance provider’s stock worth $70,774,000 after acquiring an additional 674,739 shares during the period. V Square Quantitative Management LLC grew its position in Arch Capital Group by 2.7% in the 4th quarter. V Square Quantitative Management LLC now owns 8,496 shares of the insurance provider’s stock worth $785,000 after purchasing an additional 227 shares during the last quarter. Arcus Capital Partners LLC bought a new position in shares of Arch Capital Group during the 4th quarter worth about $305,000. Vontobel Holding Ltd. raised its position in shares of Arch Capital Group by 6.4% during the fourth quarter. Vontobel Holding Ltd. now owns 7,424 shares of the insurance provider’s stock valued at $686,000 after buying an additional 448 shares during the last quarter. Finally, Avestar Capital LLC bought a new stake in shares of Arch Capital Group in the fourth quarter valued at about $206,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Down 2.2 %

Shares of NASDAQ ACGL opened at $88.20 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The company has a market cap of $33.18 billion, a price-to-earnings ratio of 5.92, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64. Arch Capital Group Ltd. has a 12-month low of $83.97 and a 12-month high of $116.47. The firm’s 50-day simple moving average is $92.53 and its 200 day simple moving average is $100.98.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating the consensus estimate of $1.90 by $0.36. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same quarter in the previous year, the company earned $2.45 EPS. On average, research analysts expect that Arch Capital Group Ltd. will post 8.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ACGL shares. Wells Fargo & Company cut their price target on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Keefe, Bruyette & Woods reduced their target price on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research report on Thursday. JPMorgan Chase & Co. lowered their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Bank of America reduced their price objective on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 15th. Finally, Royal Bank of Canada lowered their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Arch Capital Group presently has an average rating of “Moderate Buy” and an average target price of $116.53.

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.