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

Key Points

• Mitsubishi UFJ Asset Management increased its stake in Arch Capital Group by 4.3% in Q4, buying an additional 32,363 shares to hold 778,629 shares (about 0.21% of the company) valued at roughly $73.08 million.
• Arch Capital trades around $94.52 with a market cap of $33.02 billion, a P/E of 7.26, last quarter EPS of $2.50 and revenue of $4.52 billion; analysts have an average rating of "Hold" and a consensus target price of $106.32.
• Insiders have been net sellers, disposing of 78,267 shares worth $7.29 million over the past 90 days while insiders hold 3.30% of shares and institutional investors own about 89.07% of the stock.

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 778,629 shares of the insurance provider's stock after purchasing an additional 32,363 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.21% of Arch Capital Group worth $73,082,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Daymark Wealth Partners LLC raised its position in shares of Arch Capital Group by 3.4% in the 4th quarter. Daymark Wealth Partners LLC now owns 3,211 shares of the insurance provider's stock valued at $308,000 after purchasing an additional 106 shares in the last quarter. Keel Point LLC raised its position in shares of Arch Capital Group by 4.6% in the 3rd quarter. Keel Point LLC now owns 2,524 shares of the insurance provider's stock valued at $229,000 after purchasing an additional 112 shares in the last quarter. Legacy Advisors LLC raised its position in shares of Arch Capital Group by 1.2% in the 4th quarter. Legacy Advisors LLC now owns 9,551 shares of the insurance provider's stock valued at $916,000 after purchasing an additional 112 shares in the last quarter. Compound Planning Inc. increased its holdings in shares of Arch Capital Group by 5.0% in the 3rd quarter. Compound Planning Inc. now owns 2,644 shares of the insurance provider's stock valued at $240,000 after acquiring an additional 127 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Arch Capital Group by 14.0% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,105 shares of the insurance provider's stock valued at $100,000 after acquiring an additional 136 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Price Performance

Shares of ACGL opened at $94.52 on Friday. The company has a market cap of $33.02 billion, a P/E ratio of 7.26, a PEG ratio of 5.20 and a beta of 0.35. The stock has a fifty day moving average price of $96.12 and a 200 day moving average price of $94.38. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.53. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $103.39.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 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%. On average, research analysts forecast that Arch Capital Group Ltd. will post 9.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ACGL shares. Keefe, Bruyette & Woods lowered their price target on Arch Capital Group from $105.00 to $102.00 and set a "market perform" rating for the company in a report on Tuesday. Barclays boosted their price target 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. Citigroup boosted their price target on Arch Capital Group from $120.00 to $122.50 and gave the company a "buy" rating in a report on Thursday, April 30th. Royal Bank Of Canada increased their price objective on shares of Arch Capital Group from $108.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 11th. Finally, Wells Fargo & Company upped their target price on Arch Capital Group from $109.00 to $110.00 and gave the company an "overweight" rating in a report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $106.32.

Insider Activity

In other news, Director Brian S. Posner sold 3,000 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $17.11, for a total value of $51,330.00. Following the completion of the transaction, the director owned 2,000 shares of the company's stock, valued at approximately $34,220. This represents a 60.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider David Gansberg sold 5,907 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total value of $569,257.59. Following the completion of the transaction, the insider directly owned 336,559 shares of the company's stock, valued at approximately $32,434,190.83. The trade was a 1.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 78,267 shares of company stock worth $7,291,637 over the last 90 days. Insiders own 3.30% of the company's stock.

Arch Capital Group Company Profile

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.

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