Arch Capital Group Ltd. $ACGL Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp raised its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 8.0% during the second quarter, Holdings Channel reports. The firm owned 312,892 shares of the insurance provider’s stock after purchasing an additional 23,257 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Arch Capital Group were worth $28,489,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in ACGL. Steward Partners Investment Advisory LLC increased its position in shares of Arch Capital Group by 9.9% in the first quarter. Steward Partners Investment Advisory LLC now owns 34,987 shares of the insurance provider’s stock worth $3,365,000 after acquiring an additional 3,158 shares in the last quarter. Bryn Mawr Trust Advisors LLC acquired a new position in shares of Arch Capital Group during the 2nd quarter valued at $371,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Arch Capital Group by 9.5% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 658,813 shares of the insurance provider’s stock worth $63,365,000 after purchasing an additional 57,297 shares during the period. OMERS ADMINISTRATION Corp increased its holdings in Arch Capital Group by 42.2% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 45,026 shares of the insurance provider’s stock valued at $4,331,000 after purchasing an additional 13,357 shares in the last quarter. Finally, Connecticut Wealth Management LLC purchased a new position in Arch Capital Group in the first quarter valued at about $6,173,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ACGL. Cantor Fitzgerald restated a “neutral” rating and set a $98.00 price objective on shares of Arch Capital Group in a research note on Tuesday, October 28th. Citigroup reissued a “market outperform” rating on shares of Arch Capital Group in a research report on Tuesday, October 28th. Cowen restated a “buy” rating on shares of Arch Capital Group in a report on Monday, August 4th. Wolfe Research assumed coverage on shares of Arch Capital Group in a research note on Monday, September 15th. They set a “peer perform” rating on the stock. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Arch Capital Group from $102.00 to $103.00 and gave the stock a “market perform” rating in a research report on Thursday, August 14th. Eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $109.00.

Arch Capital Group Price Performance

ACGL stock opened at $92.76 on Friday. The stock’s 50 day moving average is $89.33 and its two-hundred day moving average is $90.43. Arch Capital Group Ltd. has a 52-week low of $82.44 and a 52-week high of $102.37. The company has a market capitalization of $33.64 billion, a PE ratio of 8.68, a P/E/G ratio of 3.24 and a beta of 0.47. The company has a quick ratio of 0.56, a current ratio of 0.55 and a debt-to-equity ratio of 0.13.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, October 27th. The insurance provider reported $2.77 EPS for the quarter, beating the consensus estimate of $1.76 by $1.01. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.The company had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $4.39 billion. During the same period in the prior year, the business posted $1.99 EPS. Analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $94.15, for a total transaction of $941,500.00. Following the transaction, the insider directly owned 433,589 shares in the company, valued at $40,822,404.35. This represents a 2.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.20% of the stock is owned by company 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.