GAMMA Investing LLC Increases Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

GAMMA Investing LLC lifted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 35.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 6,518 shares of the insurance provider’s stock after buying an additional 1,691 shares during the period. GAMMA Investing LLC’s holdings in Arch Capital Group were worth $658,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Arch Capital Group in the fourth quarter worth $27,000. Larson Financial Group LLC acquired a new stake in shares of Arch Capital Group in the fourth quarter worth $30,000. Richardson Financial Services Inc. acquired a new stake in Arch Capital Group during the 4th quarter valued at $33,000. LRI Investments LLC acquired a new stake in Arch Capital Group during the 1st quarter valued at $38,000. Finally, Indiana Trust & Investment Management CO acquired a new stake in Arch Capital Group during the 1st quarter valued at $58,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

Shares of ACGL stock traded down $2.49 during midday trading on Monday, reaching $96.18. 1,544,937 shares of the company were exchanged, compared to its average volume of 1,682,536. Arch Capital Group Ltd. has a 12 month low of $72.85 and a 12 month high of $103.79. The company has a market cap of $36.12 billion, a P/E ratio of 7.58, a PEG ratio of 1.81 and a beta of 0.58. The company’s 50 day moving average price is $99.13 and its two-hundred day moving average price is $93.33. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.59 and a current ratio of 0.60.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.36. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. Arch Capital Group’s revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.92 EPS. On average, sell-side analysts expect that Arch Capital Group Ltd. will post 8.75 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. JMP Securities raised their price target on shares of Arch Capital Group from $110.00 to $115.00 and gave the company a “market outperform” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. raised their price target on shares of Arch Capital Group from $106.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Royal Bank of Canada raised their price objective on shares of Arch Capital Group from $108.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Arch Capital Group from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, July 1st. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $104.53.

Arch Capital Group Profile

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.