Arch Capital Group Ltd. $ACGL Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 778,629 shares of the insurance provider’s stock after acquiring an additional 32,363 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Arch Capital Group were worth $73,082,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. QRG Capital Management Inc. lifted its holdings in shares of Arch Capital Group by 13.0% during the fourth quarter. QRG Capital Management Inc. now owns 37,823 shares of the insurance provider’s stock valued at $3,628,000 after purchasing an additional 4,366 shares during the last quarter. Avidian Wealth Enterprises LLC purchased a new stake in shares of Arch Capital Group during the fourth quarter valued at $203,000. Benjamin Edwards Inc. lifted its holdings in shares of Arch Capital Group by 15.4% during the fourth quarter. Benjamin Edwards Inc. now owns 31,942 shares of the insurance provider’s stock valued at $3,064,000 after purchasing an additional 4,272 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Arch Capital Group during the fourth quarter valued at $201,000. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Arch Capital Group during the fourth quarter valued at $27,305,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Down 0.2%

Shares of Arch Capital Group stock opened at $94.52 on Friday. The stock has a 50-day moving average price of $96.12 and a 200 day moving average price of $94.38. The company has a market cap of $33.02 billion, a P/E ratio of 7.26, a P/E/G ratio of 5.20 and a beta of 0.35. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. The firm had revenue of $4.52 billion during the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. As a group, analysts expect that Arch Capital Group Ltd. will post 9.3 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

In related news, CEO Nicolas Papadopoulo sold 21,930 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $96.31, for a total value of $2,112,078.30. Following the completion of the sale, the chief executive officer directly owned 871,594 shares of the company’s stock, valued at approximately $83,943,218.14. This represents a 2.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Maamoun Rajeh sold 47,430 shares of the stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $96.12, for a total value of $4,558,971.60. Following the completion of the sale, the insider directly owned 433,589 shares of the company’s stock, valued at approximately $41,676,574.68. This represents a 9.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 78,267 shares of company stock worth $7,291,637. 3.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ACGL has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their target price on Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Royal Bank Of Canada upped their target price on Arch Capital Group from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, February 11th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $100.00 target price (up from $97.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Barclays upped their target price on Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Finally, Citigroup upped their target price on Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a report on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $106.32.

About Arch Capital Group

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.