3,972 Shares in Arch Capital Group Ltd. (NASDAQ:ACGL) Purchased by GAMMA Investing LLC

GAMMA Investing LLC bought a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,972 shares of the insurance provider’s stock, valued at approximately $327,000.

A number of other large investors also recently bought and sold shares of ACGL. AE Wealth Management LLC acquired a new position in Arch Capital Group in the third quarter valued at approximately $698,000. IFP Advisors Inc increased its position in shares of Arch Capital Group by 14.6% in the third quarter. IFP Advisors Inc now owns 1,551 shares of the insurance provider’s stock valued at $124,000 after buying an additional 198 shares in the last quarter. Private Trust Co. NA increased its position in shares of Arch Capital Group by 37.2% in the third quarter. Private Trust Co. NA now owns 1,074 shares of the insurance provider’s stock valued at $86,000 after buying an additional 291 shares in the last quarter. Caprock Group LLC increased its position in shares of Arch Capital Group by 22.9% in the third quarter. Caprock Group LLC now owns 3,506 shares of the insurance provider’s stock valued at $279,000 after buying an additional 653 shares in the last quarter. Finally, Czech National Bank increased its position in shares of Arch Capital Group by 47.8% in the third quarter. Czech National Bank now owns 65,176 shares of the insurance provider’s stock valued at $5,195,000 after buying an additional 21,089 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ACGL has been the subject of a number of recent analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $98.00 price objective on shares of Arch Capital Group in a research report on Friday, February 16th. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. Citigroup lowered their price objective on Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating on the stock in a research note on Monday, January 22nd. Wells Fargo & Company boosted their price objective on Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Finally, Morgan Stanley boosted their price objective on Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $96.23.

Arch Capital Group Price Performance

ACGL opened at $93.19 on Thursday. The stock’s 50-day moving average price is $90.13 and its 200 day moving average price is $84.28. Arch Capital Group Ltd. has a 12-month low of $69.05 and a 12-month high of $95.01. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17. The firm has a market cap of $34.96 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 1.17 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.55. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.67 billion. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. During the same quarter in the prior year, the business posted $2.14 EPS. As a group, sell-side analysts expect that Arch Capital Group Ltd. will post 8.03 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Francois Morin sold 25,689 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total value of $2,247,016.83. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at approximately $19,399,009.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s 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 completion of the transaction, the insider now owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Francois Morin sold 25,689 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total value of $2,247,016.83. Following the transaction, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at approximately $19,399,009.13. The disclosure for this sale can be found here. Insiders have sold 135,689 shares of company stock worth $11,872,217 in the last quarter. 4.20% of the stock is owned by insiders.

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.