Mufg Securities Americas Inc. Makes New Investment in Arch Capital Group Ltd. (NASDAQ:ACGL)

Mufg Securities Americas Inc. bought a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,532 shares of the insurance provider's stock, valued at approximately $511,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new stake in Arch Capital Group during the 4th quarter worth approximately $37,000. Golden State Wealth Management LLC purchased a new position in Arch Capital Group during the fourth quarter valued at $42,000. Y.D. More Investments Ltd boosted its stake 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 purchased a new position in Arch Capital Group during the fourth quarter valued at approximately $58,000. Finally, UMB Bank n.a. raised its position in shares of Arch Capital Group by 97.0% in the 4th 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 last quarter. Institutional investors own 89.07% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Keefe, Bruyette & Woods increased their target price on Arch Capital Group from $104.00 to $113.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Jefferies Financial Group lifted their target price on shares of Arch Capital Group from $105.00 to $106.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Wells Fargo & Company boosted their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. boosted their price objective on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada lowered their target price on 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. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Arch Capital Group presently has a consensus rating of "Moderate Buy" and an average price target of $115.00.

Insider Activity at Arch Capital Group

In related news, CEO Nicolas Papadopoulo sold 7,636 shares of Arch Capital Group stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $92.48, for a total value of $706,177.28. Following the completion of the sale, the chief executive officer now directly owns 795,718 shares in the company, valued at approximately $73,588,000.64. This trade represents a 0.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Louis T. Petrillo sold 16,650 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.53, for a total transaction of $1,573,924.50. Following the completion of the transaction, the insider now directly owns 140,023 shares of the company's stock, valued at $13,236,374.19. This represents a 10.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,946 shares of company stock worth $10,392,092 in the last three months. 4.20% of the stock is owned by insiders.

Arch Capital Group Stock Up 0.6%

Shares of NASDAQ:ACGL traded up $0.57 during trading on Monday, reaching $95.16. 1,315,929 shares of the stock were exchanged, compared to its average volume of 1,731,699. The firm has a market cap of $35.66 billion, a price-to-earnings ratio of 8.50, a price-to-earnings-growth 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 has a fifty day moving average of $92.47 and a two-hundred day moving average of $93.46. 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 - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). The firm had revenue of $4.52 billion for the quarter, compared to analysts' expectations of $4.75 billion. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. The company's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.45 EPS. Research analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

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.