Global Frontier Investments LLC Takes $13.85 Million Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Global Frontier Investments LLC acquired a new stake 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 and Exchange Commission. The institutional investor acquired 150,000 shares of the insurance provider's stock, valued at approximately $13,853,000. Arch Capital Group comprises about 3.6% of Global Frontier Investments LLC's portfolio, making the stock its 10th largest position.

A number of other institutional investors have also made changes to their positions in ACGL. Cullen Frost Bankers Inc. acquired a new stake in shares of Arch Capital Group in the fourth quarter valued at about $37,000. Golden State Wealth Management LLC acquired a new stake in Arch Capital Group in the 4th quarter valued at approximately $42,000. Y.D. More Investments Ltd increased its position 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 worth $43,000 after buying an additional 260 shares during the period. Quarry LP acquired a new position in shares of Arch Capital Group during the fourth quarter worth approximately $58,000. Finally, UMB Bank n.a. boosted its position in shares of Arch Capital Group by 97.0% in the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock valued at $78,000 after acquiring an additional 414 shares during the period. 89.07% of the stock is owned by institutional investors.

Insider Activity

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction dated Wednesday, March 5th. The shares were 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 represents a 7.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on ACGL. Barclays cut their target price on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. UBS Group cut their price objective on shares of Arch Capital Group from $127.00 to $124.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Jefferies Financial Group lifted their target price on Arch Capital Group from $105.00 to $106.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Wells Fargo & Company upped their price target on Arch Capital Group from $106.00 to $108.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Keefe, Bruyette & Woods decreased their price objective on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Arch Capital Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $115.00.

Arch Capital Group Price Performance

NASDAQ:ACGL traded up $2.81 on Friday, reaching $92.48. The stock had a trading volume of 1,596,403 shares, compared to its average volume of 1,728,181. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $34.75 billion, a P/E ratio of 8.26, a price-to-earnings-growth ratio of 2.31 and a beta of 0.36. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47. The stock has a fifty day moving average price of $92.06 and a 200-day moving average price of $94.51.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 EPS 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 business had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.75 billion. During the same quarter last year, the company earned $2.45 earnings per share. The firm's revenue was up 10.5% on a year-over-year basis. Research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Arch Capital Group Company 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.