Gallacher Capital Management LLC Makes New $219,000 Investment in Arch Capital Group Ltd. (NASDAQ:ACGL)

Gallacher Capital Management LLC bought a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,367 shares of the insurance provider’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of Arch Capital Group in the fourth quarter valued at about $27,000. Larson Financial Group LLC purchased a new stake in shares of Arch Capital Group in the fourth quarter valued at about $30,000. Richardson Financial Services Inc. purchased a new stake in shares of Arch Capital Group in the fourth quarter valued at about $33,000. Indiana Trust & Investment Management CO purchased a new stake in Arch Capital Group during the first quarter worth about $58,000. Finally, CVA Family Office LLC purchased a new stake in Arch Capital Group during the fourth quarter worth about $47,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

Arch Capital Group stock traded down $0.05 during mid-day trading on Friday, hitting $96.95. 278,315 shares of the company traded hands, compared to its average volume of 1,704,852. Arch Capital Group Ltd. has a one year low of $72.85 and a one year high of $103.79. The stock has a market cap of $36.40 billion, a price-to-earnings ratio of 7.66, a price-to-earnings-growth ratio of 1.67 and a beta of 0.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a fifty day moving average price of $99.96 and a 200-day moving average price of $90.78.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, topping the consensus estimate of $2.06 by $0.39. The firm had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.77 billion. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. The business’s revenue was up 19.3% compared to the same quarter last year. During the same period last year, the firm posted $1.73 earnings per share. On average, equities analysts predict that Arch Capital Group Ltd. will post 8.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Arch Capital Group news, CEO David Gansberg sold 10,000 shares of Arch Capital Group stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $96.64, for a total transaction of $966,400.00. Following the transaction, the chief executive officer now directly owns 228,035 shares of the company’s stock, valued at $22,037,302.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ACGL has been the subject of a number of research analyst reports. Bank of America decreased their price objective 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. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Arch Capital Group from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, July 1st. Roth Mkm restated a “buy” rating and set a $110.00 price objective on shares of Arch Capital Group in a report on Tuesday, April 30th. JPMorgan Chase & Co. raised their price objective on shares of Arch Capital Group from $96.00 to $106.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Morgan Stanley increased their target price on shares of Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $102.87.

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.