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

GAMMA Investing LLC lessened its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 11.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,384 shares of the insurance provider’s stock after selling 963 shares during the period. GAMMA Investing LLC’s holdings in Arch Capital Group were worth $682,000 at the end of the most recent reporting period.

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

Arch Capital Group Price Performance

Shares of Arch Capital Group stock opened at $91.40 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. Arch Capital Group Ltd. has a 52-week low of $74.85 and a 52-week high of $116.47. The company has a fifty day moving average of $96.72 and a 200-day moving average of $102.15. The stock has a market capitalization of $34.39 billion, a price-to-earnings 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 posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.05. The business had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.05 billion. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same period in the prior year, the business posted $2.31 earnings per share. Equities research analysts expect that Arch Capital Group Ltd. will post 8.99 EPS for the current year.

Arch Capital Group Dividend Announcement

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

Analysts Set New Price Targets

ACGL has been the topic of a number of analyst reports. Citigroup boosted their price objective on Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Bank of America decreased 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. Wells Fargo & Company cut their price objective on shares of Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. JPMorgan Chase & Co. decreased their target price on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a report on Friday. Finally, TD Cowen increased their target price on shares of Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $118.13.

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.