Global Frontier Investments LLC Purchases New Shares in Arch Capital Group Ltd. (NASDAQ:ACGL)

Global Frontier Investments LLC acquired a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 150,000 shares of the insurance provider's stock, valued at approximately $13,853,000. Arch Capital Group makes up approximately 3.6% of Global Frontier Investments LLC's investment portfolio, making the stock its 10th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ACGL. Cullen Frost Bankers Inc. purchased a new stake in Arch Capital Group in the 4th quarter valued at approximately $37,000. Golden State Wealth Management LLC acquired a new stake in shares of Arch Capital Group during the 4th quarter worth about $42,000. Y.D. More Investments Ltd raised its holdings in Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 260 shares during the last quarter. Quarry LP acquired a new position in Arch Capital Group in the fourth quarter valued at $58,000. Finally, UMB Bank n.a. lifted its holdings in shares of Arch Capital Group by 97.0% during the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock worth $78,000 after acquiring an additional 414 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Louis T. Petrillo sold 11,600 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the sale, the insider now owns 140,023 shares of the company's stock, valued at $12,742,093. This trade represents a 7.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.10% of the stock is currently owned by company insiders.

Arch Capital Group Stock Down 1.1 %

NASDAQ:ACGL traded down $1.01 on Thursday, hitting $89.67. 1,861,546 shares of the company's stock were exchanged, compared to its average volume of 1,727,627. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. The firm has a 50-day moving average price of $92.01 and a 200-day moving average price of $94.77. The company has a market cap of $33.69 billion, a P/E ratio of 8.01, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47.

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

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Morgan Stanley cut their price target on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. JMP Securities reaffirmed a "market outperform" rating and issued a $125.00 price target on shares of Arch Capital Group in a report on Wednesday. Jefferies Financial Group upped their price target on Arch Capital Group from $105.00 to $106.00 and gave the company a "buy" rating in a research report on Friday, April 11th. JPMorgan Chase & Co. upped their target price on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Finally, Royal Bank of Canada decreased their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. 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.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $115.00.

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.