GAMMA Investing LLC Sells 963 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

GAMMA Investing LLC trimmed its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 11.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,384 shares of the insurance provider’s stock after selling 963 shares during the quarter. GAMMA Investing LLC’s holdings in Arch Capital Group were worth $682,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP bought a new position in Arch Capital Group during the 3rd quarter valued at approximately $25,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Arch Capital Group during the third quarter valued at approximately $46,000. UMB Bank n.a. raised its holdings in shares of Arch Capital Group by 41.9% during the third quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock valued at $48,000 after acquiring an additional 126 shares in the last quarter. Asset Dedication LLC lifted its stake in Arch Capital Group by 188.1% in the third quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock worth $49,000 after acquiring an additional 284 shares during the period. Finally, Ashton Thomas Securities LLC bought a new stake in Arch Capital Group in the third quarter valued at $50,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on ACGL. JMP Securities upped their price objective on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 15th. BMO Capital Markets increased their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 6th. Evercore ISI lifted their price objective on Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Bank of America dropped their price target on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $118.13.

Arch Capital Group Stock Performance

ACGL stock opened at $91.40 on Friday. The stock’s 50 day simple moving average is $96.72 and its 200 day simple moving average is $102.15. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 12-month low of $74.85 and a 12-month high of $116.47. The stock has a market capitalization of $34.39 billion, a PE ratio of 6.13, a price-to-earnings-growth ratio of 1.49 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the company posted $2.31 earnings per share. As a group, research analysts forecast that Arch Capital Group Ltd. will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Dividend Announcement

The business also recently declared a special dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were paid a $5.00 dividend. The ex-dividend date was Monday, November 18th.

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.