GAMMA Investing LLC Grows Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

GAMMA Investing LLC raised its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 10,817.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 806,181 shares of the insurance provider's stock after buying an additional 798,797 shares during the period. GAMMA Investing LLC owned 0.21% of Arch Capital Group worth $775,380,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ACGL. Capital A Wealth Management LLC acquired a new stake in Arch Capital Group in the fourth quarter valued at approximately $25,000. Cullen Frost Bankers Inc. acquired a new stake in Arch Capital Group in the fourth quarter valued at approximately $37,000. Golden State Wealth Management LLC acquired a new stake in Arch Capital Group in the fourth quarter valued at approximately $42,000. Y.D. More Investments Ltd boosted its position in Arch Capital Group by 125.6% in the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock valued at $43,000 after buying an additional 260 shares in the last quarter. Finally, Quarry LP acquired a new stake in Arch Capital Group in the fourth quarter valued at approximately $58,000. Institutional investors and hedge funds own 89.07% of the company's stock.

Arch Capital Group Trading Up 0.9%

NASDAQ ACGL traded up $0.86 during mid-day trading on Friday, reaching $95.06. 2,897,694 shares of the stock were exchanged, compared to its average volume of 1,691,912. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $116.47. The stock has a 50 day simple moving average of $92.63 and a 200-day simple moving average of $93.10. The stock has a market cap of $35.62 billion, a P/E ratio of 8.49, a P/E/G ratio of 2.31 and a beta of 0.57. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The firm had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.75 billion. During the same period in the prior year, the business earned $2.45 EPS. Arch Capital Group's quarterly revenue was up 10.5% on a year-over-year basis. On average, analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analyst Weigh In

ACGL has been the topic of a number of research analyst reports. JMP Securities restated a "market outperform" rating and issued a $125.00 target price on shares of Arch Capital Group in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods lifted their price target on shares of Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Morgan Stanley set a $110.00 price target on shares of Arch Capital Group and gave the stock an "overweight" rating in a report on Monday, May 19th. Jefferies Financial Group lifted their price target on shares of Arch Capital Group from $105.00 to $106.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Arch Capital Group currently has a consensus rating of "Moderate Buy" and an average target price of $115.00.

Insider Buying and Selling

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction 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 sale, the insider now directly owns 140,023 shares of the company's stock, valued at approximately $12,742,093. The trade was a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John M. Pasquesi sold 75,060 shares of Arch Capital Group stock in a transaction on Monday, May 12th. The shares were sold at an average price of $94.01, for a total transaction of $7,056,390.60. Following the completion of the sale, the insider now directly owns 579,218 shares of the company's stock, valued at approximately $54,452,284.18. This trade represents a 11.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 123,576 shares of company stock valued at $11,586,638 over the last quarter. Insiders own 4.20% of the company's stock.

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.