Gallacher Capital Management LLC Makes New $541,000 Investment in Arch Capital Group Ltd. (NASDAQ:ACGL)

Gallacher Capital Management LLC purchased a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,625 shares of the insurance provider's stock, valued at approximately $541,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in shares of Arch Capital Group in the 4th quarter worth approximately $437,291,000. First Trust Advisors LP boosted its position in Arch Capital Group by 663.3% in the fourth quarter. First Trust Advisors LP now owns 2,462,382 shares of the insurance provider's stock valued at $227,401,000 after buying an additional 2,139,782 shares during the last quarter. Marshall Wace LLP purchased a new stake in Arch Capital Group in the fourth quarter valued at $151,342,000. GAMMA Investing LLC boosted its position in Arch Capital Group by 10,817.9% in the 1st quarter. GAMMA Investing LLC now owns 806,181 shares of the insurance provider's stock worth $775,380,000 after purchasing an additional 798,797 shares in the last quarter. Finally, High Ground Investment Management LLP boosted its holdings in Arch Capital Group by 246.3% during the fourth quarter. High Ground Investment Management LLP now owns 1,108,464 shares of the insurance provider's stock worth $102,367,000 after buying an additional 788,393 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Insider Buying and Selling at Arch Capital Group

In other news, CEO Nicolas Papadopoulo sold 7,636 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $92.48, for a total value of $706,177.28. Following the completion of the transaction, the chief executive officer owned 795,718 shares of the company's stock, valued at approximately $73,588,000.64. This represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John M. Pasquesi sold 75,060 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $94.01, for a total value of $7,056,390.60. Following the transaction, the insider directly owned 579,218 shares of the company's stock, valued at $54,452,284.18. This represents a 11.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 111,976 shares of company stock worth $10,531,038 in the last quarter. 4.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ACGL has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price objective on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. JMP Securities reissued a "market outperform" rating and issued a $125.00 price target on shares of Arch Capital Group in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $101.00 price objective (down previously from $113.00) on shares of Arch Capital Group in a report on Wednesday, July 9th. Morgan Stanley set a $110.00 price objective on Arch Capital Group and gave the stock an "overweight" rating in a research report on Monday, May 19th. Finally, Barclays dropped their price objective on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $113.60.

Arch Capital Group Stock Down 0.6%

Shares of NASDAQ:ACGL traded down $0.52 during mid-day trading on Thursday, hitting $88.10. 725,633 shares of the company traded hands, compared to its average volume of 1,871,936. The firm has a market cap of $33.02 billion, a P/E ratio of 9.03, a PEG ratio of 6.19 and a beta of 0.51. The firm's 50 day simple moving average is $91.28 and its 200 day simple moving average is $91.86. 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 0.16, a quick ratio of 0.56 and a current ratio of 0.56.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.05). Arch Capital Group had a return on equity of 15.79% and a net margin of 20.72%. The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.75 billion. During the same period in the previous year, the firm posted $2.45 EPS. Arch Capital Group's revenue for the quarter was up 10.5% on a year-over-year basis. On average, equities analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

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.