Bank of Montreal Can Boosts Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Bank of Montreal Can raised its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 10.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 396,612 shares of the insurance provider's stock after purchasing an additional 37,483 shares during the period. Bank of Montreal Can owned approximately 0.11% of Arch Capital Group worth $36,627,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACGL. Cullen Frost Bankers Inc. bought a new stake in Arch Capital Group during the fourth quarter worth $37,000. Golden State Wealth Management LLC purchased a new position in Arch Capital Group during the 4th quarter worth $42,000. Y.D. More Investments Ltd grew its stake in shares of Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock worth $43,000 after acquiring an additional 260 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Arch Capital Group by 97.0% in the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock worth $78,000 after acquiring an additional 414 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of Arch Capital Group by 47.0% during the fourth quarter. Larson Financial Group LLC now owns 910 shares of the insurance provider's stock valued at $84,000 after purchasing an additional 291 shares in the last quarter. 89.07% of the stock is owned by institutional investors.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the transaction, the insider now owns 140,023 shares of the company's stock, valued at $12,742,093. The trade was a 7.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.20% of the stock is owned by insiders.

Arch Capital Group Price Performance

Arch Capital Group stock traded up $1.35 during midday trading on Wednesday, reaching $93.81. 291,798 shares of the stock were exchanged, compared to its average volume of 1,729,968. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The firm has a market cap of $35.25 billion, a PE ratio of 8.38, a PEG ratio of 2.31 and a beta of 0.36. The company's fifty day moving average is $91.49 and its 200-day moving average is $96.23.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same period in the previous year, the company earned $2.45 EPS. On average, sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ACGL shares. UBS Group decreased their price objective on shares of Arch Capital Group from $127.00 to $124.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Morgan Stanley dropped their price target on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Royal Bank of Canada reduced their price objective on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Barclays lowered their target price on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. Finally, Wells Fargo & Company reduced their price target on shares of Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $114.88.

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.