Mufg Securities Americas Inc. Acquires Shares of 5,532 Arch Capital Group Ltd. (NASDAQ:ACGL)

Mufg Securities Americas Inc. bought a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,532 shares of the insurance provider’s stock, valued at approximately $511,000.

Several other hedge funds have also made changes to their positions in ACGL. Oregon Public Employees Retirement Fund raised its stake in Arch Capital Group by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider’s stock valued at $2,969,000 after acquiring an additional 110 shares during the last quarter. CreativeOne Wealth LLC increased its holdings in shares of Arch Capital Group by 4.9% in the fourth quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider’s stock valued at $248,000 after purchasing an additional 126 shares during the period. HBK Sorce Advisory LLC raised its stake in shares of Arch Capital Group by 5.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider’s stock worth $219,000 after purchasing an additional 127 shares during the last quarter. Flagship Harbor Advisors LLC raised its stake in shares of Arch Capital Group by 5.9% during the fourth quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider’s stock worth $214,000 after purchasing an additional 129 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC lifted its holdings in shares of Arch Capital Group by 4.5% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider’s stock worth $285,000 after purchasing an additional 132 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Up 3.0%

Arch Capital Group stock opened at $93.54 on Friday. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The firm has a market capitalization of $35.05 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57. The stock’s fifty day moving average is $92.38 and its two-hundred day moving average is $93.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.05). The business had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.75 billion. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. Arch Capital Group’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.45 earnings per share. Analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Royal Bank of Canada dropped their price objective on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Jefferies Financial Group boosted their price target on shares of Arch Capital Group from $105.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. Wells Fargo & Company raised their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Barclays lowered their price objective on Arch Capital Group from $100.00 to $93.00 and set an “equal weight” rating on the stock in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods increased their target price on Arch Capital Group from $104.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 6th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.00.

Insider Activity

In other news, insider Louis T. Petrillo sold 11,600 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the transaction, the insider now owns 140,023 shares of the company’s stock, valued at $12,742,093. The trade was a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $92.48, for a total transaction of $706,177.28. Following the transaction, the chief executive officer now directly owns 795,718 shares in the company, valued at $73,588,000.64. The trade was a 0.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 110,946 shares of company stock worth $10,392,092 over the last ninety days. 4.20% of the stock is currently owned by insiders.

Arch Capital Group 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.