GAMMA Investing LLC Has $658,000 Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

GAMMA Investing LLC boosted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 35.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,518 shares of the insurance provider’s stock after purchasing an additional 1,691 shares during the period. GAMMA Investing LLC’s holdings in Arch Capital Group were worth $658,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ACGL. Householder Group Estate & Retirement Specialist LLC acquired a new position in Arch Capital Group in the 4th quarter valued at approximately $27,000. Larson Financial Group LLC acquired a new stake in shares of Arch Capital Group during the fourth quarter worth $30,000. LRI Investments LLC acquired a new stake in shares of Arch Capital Group during the first quarter worth $40,000. Richardson Financial Services Inc. acquired a new stake in Arch Capital Group in the fourth quarter worth $33,000. Finally, Indiana Trust & Investment Management CO acquired a new stake in Arch Capital Group in the first quarter worth $58,000. Institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Bank of America reduced their price target on shares of Arch Capital Group from $119.00 to $118.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Roth Mkm restated a “buy” rating and issued a $110.00 price target on shares of Arch Capital Group in a report on Tuesday, April 30th. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Royal Bank of Canada raised their price objective on shares of Arch Capital Group from $108.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, JMP Securities upped their target price on shares of Arch Capital Group from $110.00 to $115.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Arch Capital Group has an average rating of “Moderate Buy” and a consensus price target of $104.53.

Arch Capital Group Stock Down 2.5 %

Shares of Arch Capital Group stock traded down $2.49 during trading on Monday, hitting $96.18. The company’s stock had a trading volume of 1,544,937 shares, compared to its average volume of 1,682,536. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.59 and a current ratio of 0.60. The company has a fifty day simple moving average of $99.13 and a two-hundred day simple moving average of $93.33. The company has a market capitalization of $36.12 billion, a PE ratio of 7.58, a P/E/G ratio of 1.81 and a beta of 0.58. Arch Capital Group Ltd. has a 52 week low of $72.85 and a 52 week high of $103.79.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.36. The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. Arch Capital Group’s revenue was up 10.3% compared to the same quarter last year. During the same period last year, the business earned $1.92 EPS. Equities research analysts predict that Arch Capital Group Ltd. will post 8.75 earnings per share 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.