Mitsubishi UFJ Asset Management Co. Ltd. Acquires 64,489 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 12.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 601,516 shares of the insurance provider’s stock after acquiring an additional 64,489 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Arch Capital Group were worth $54,979,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ACGL. Korea Investment CORP raised its holdings in Arch Capital Group by 38.1% during the 4th quarter. Korea Investment CORP now owns 199,747 shares of the insurance provider’s stock valued at $18,447,000 after buying an additional 55,100 shares during the period. First American Trust FSB increased its position in Arch Capital Group by 0.6% during the fourth quarter. First American Trust FSB now owns 75,977 shares of the insurance provider’s stock valued at $7,016,000 after acquiring an additional 439 shares during the last quarter. TIAA Trust National Association raised its stake in shares of Arch Capital Group by 14.1% in the fourth quarter. TIAA Trust National Association now owns 3,238 shares of the insurance provider’s stock valued at $299,000 after acquiring an additional 400 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Arch Capital Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 41,999,603 shares of the insurance provider’s stock worth $3,878,663,000 after acquiring an additional 182,150 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in shares of Arch Capital Group by 34.6% during the 4th quarter. LPL Financial LLC now owns 387,518 shares of the insurance provider’s stock worth $35,787,000 after purchasing an additional 99,656 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Price Performance

Shares of ACGL opened at $95.06 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The company has a 50 day moving average price of $92.16 and a 200-day moving average price of $98.27. Arch Capital Group Ltd. has a fifty-two week low of $87.42 and a fifty-two week high of $116.47. The stock has a market capitalization of $35.68 billion, a PE ratio of 8.49, a PEG ratio of 2.31 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same quarter in the previous year, the firm posted $2.45 EPS. Equities analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on ACGL shares. JPMorgan Chase & Co. reduced their price objective on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Wells Fargo & Company reduced their price target on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. UBS Group dropped their price objective on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Royal Bank of Canada cut their price objective on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Finally, Morgan Stanley decreased their target price on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $117.19.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the sale, the insider now directly owns 140,023 shares of the company’s stock, valued at approximately $12,742,093. This represents a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.20% of the stock is owned by corporate insiders.

Arch Capital Group Company 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.