Bank of Montreal Can trimmed its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 20.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,209 shares of the insurance provider’s stock after selling 18,514 shares during the quarter. Bank of Montreal Can’s holdings in Arch Capital Group were worth $6,554,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nordea Investment Management AB increased its position in shares of Arch Capital Group by 3.1% during the second quarter. Nordea Investment Management AB now owns 3,300 shares of the insurance provider’s stock worth $308,000 after purchasing an additional 100 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Arch Capital Group by 3.2% during the second quarter. Ameriprise Financial Inc. now owns 7,577 shares of the insurance provider’s stock worth $706,000 after purchasing an additional 237 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Arch Capital Group by 18.8% during the second quarter. Toronto Dominion Bank now owns 1,596 shares of the insurance provider’s stock worth $149,000 after purchasing an additional 253 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Arch Capital Group by 8.8% during the second quarter. Prudential Financial Inc. now owns 6,160 shares of the insurance provider’s stock worth $575,000 after purchasing an additional 500 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Arch Capital Group by 14.8% during the second quarter. PNC Financial Services Group Inc. now owns 4,016 shares of the insurance provider’s stock worth $375,000 after purchasing an additional 518 shares in the last quarter. Hedge funds and other institutional investors own 79.51% of the company’s stock.

In other Arch Capital Group news, insider Louis T. Petrillo sold 5,921 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $91.07, for a total transaction of $539,225.47. Following the transaction, the insider now owns 43,268 shares of the company’s stock, valued at $3,940,416.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark Donald Lyons sold 5,500 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $92.04, for a total value of $506,220.00. The disclosure for this sale can be found here. Insiders have sold 65,975 shares of company stock worth $6,256,989 in the last three months. 6.60% of the stock is currently owned by corporate insiders.

Several analysts recently commented on ACGL shares. Barclays boosted their price target on Arch Capital Group from $91.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Monday, October 16th. BidaskClub cut Arch Capital Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 21st. Wells Fargo & Co set a $100.00 price objective on Arch Capital Group and gave the stock a “hold” rating in a research note on Sunday, December 10th. Royal Bank of Canada reissued a “buy” rating and set a $113.00 price objective on shares of Arch Capital Group in a research note on Friday, October 27th. Finally, Zacks Investment Research raised Arch Capital Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. Arch Capital Group has a consensus rating of “Hold” and an average target price of $100.40.

Arch Capital Group Ltd. (ACGL) opened at $90.95 on Friday. The firm has a market capitalization of $11,901.68 and a price-to-earnings ratio of 29.34. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.83 and a current ratio of 0.83. Arch Capital Group Ltd. has a 12 month low of $86.58 and a 12 month high of $102.60.

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Arch Capital Group Company Profile

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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