Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Acquires 2,859 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,486 shares of the insurance provider’s stock after buying an additional 2,859 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Arch Capital Group were worth $2,882,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Parallel Advisors LLC raised its stake in shares of Arch Capital Group by 24.8% during the fourth quarter. Parallel Advisors LLC now owns 1,424 shares of the insurance provider’s stock worth $61,000 after buying an additional 283 shares during the last quarter. World Asset Management Inc raised its stake in shares of Arch Capital Group by 2.5% during the third quarter. World Asset Management Inc now owns 12,273 shares of the insurance provider’s stock worth $515,000 after buying an additional 305 shares during the last quarter. Financial Advantage Inc. raised its stake in shares of Arch Capital Group by 0.3% during the third quarter. Financial Advantage Inc. now owns 119,263 shares of the insurance provider’s stock worth $5,006,000 after buying an additional 310 shares during the last quarter. TCI Wealth Advisors Inc. raised its stake in shares of Arch Capital Group by 89.1% during the fourth quarter. TCI Wealth Advisors Inc. now owns 660 shares of the insurance provider’s stock worth $28,000 after buying an additional 311 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Arch Capital Group by 2.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 15,226 shares of the insurance provider’s stock worth $640,000 after buying an additional 329 shares during the last quarter. 79.34% of the stock is owned by institutional investors and hedge funds.

ACGL has been the subject of a number of recent research reports. BidaskClub raised shares of Arch Capital Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. JPMorgan Chase & Co. downgraded shares of Arch Capital Group from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $44.00 to $40.00 in a research note on Tuesday, November 12th. Barclays reissued a “buy” rating and set a $52.00 price target on shares of Arch Capital Group in a research note on Tuesday, January 7th. Wells Fargo & Co raised shares of Arch Capital Group from an “equal weight” rating to an “overweight” rating and set a $48.00 target price for the company in a research note on Monday, January 6th. Finally, Cfra upped their target price on shares of Arch Capital Group from $48.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $44.15.

In other news, insider Louis T. Petrillo sold 13,349 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $40.83, for a total value of $545,039.67. Also, Director John D. Vollaro sold 9,900 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $41.02, for a total transaction of $406,098.00. The disclosure for this sale can be found here. Insiders sold 48,249 shares of company stock valued at $1,991,138 in the last ninety days. Insiders own 5.20% of the company’s stock.

Shares of NASDAQ:ACGL opened at $47.68 on Friday. Arch Capital Group Ltd. has a 52 week low of $31.31 and a 52 week high of $47.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market capitalization of $19.33 billion, a PE ratio of 12.32, a PEG ratio of 1.60 and a beta of 0.62. The company has a 50 day moving average price of $44.55 and a two-hundred day moving average price of $41.77.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Tuesday, February 11th. The insurance provider reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.07. Arch Capital Group had a net margin of 23.47% and a return on equity of 11.11%. The firm had revenue of $1.67 billion during the quarter. On average, sell-side analysts forecast that Arch Capital Group Ltd. will post 2.99 earnings per share for the current year.

Arch Capital Group Profile

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; 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.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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