5,532 Shares in Arch Capital Group Ltd. (NASDAQ:ACGL) Acquired by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. bought a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,532 shares of the insurance provider’s stock, valued at approximately $511,000.

Other large investors have also modified their holdings of the company. Cullen Frost Bankers Inc. acquired a new position in Arch Capital Group in the fourth quarter valued at about $37,000. Golden State Wealth Management LLC acquired a new position in shares of Arch Capital Group in the 4th quarter worth approximately $42,000. Y.D. More Investments Ltd boosted its position in shares of Arch Capital Group by 125.6% during the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 260 shares during the period. Quarry LP acquired a new stake in Arch Capital Group in the 4th quarter valued at approximately $58,000. Finally, UMB Bank n.a. raised its position in Arch Capital Group by 97.0% in the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock valued at $78,000 after purchasing an additional 414 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group lowered their price target on Arch Capital Group from $127.00 to $124.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Royal Bank of Canada lowered their target price on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Morgan Stanley cut their price target on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Jefferies Financial Group raised their price objective on shares of Arch Capital Group from $105.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. upped their target price on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $115.00.

Arch Capital Group Stock Up 3.0%

Arch Capital Group stock opened at $93.54 on Friday. The stock has a market cap of $35.05 billion, a PE ratio of 8.35, a P/E/G ratio of 2.31 and a beta of 0.57. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. The stock’s fifty day moving average is $92.38 and its two-hundred day moving average is $93.64. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47.

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

Insiders Place Their Bets

In other news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the sale, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. The trade was a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John M. Pasquesi sold 75,060 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $94.01, for a total value of $7,056,390.60. Following the completion of the sale, the insider now directly owns 579,218 shares of the company’s stock, valued at $54,452,284.18. The trade was a 11.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,946 shares of company stock valued at $10,392,092. 4.20% of the stock is owned by corporate insiders.

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.