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

Mitsubishi UFJ Trust & Banking Corp increased its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 8.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 312,892 shares of the insurance provider’s stock after acquiring an additional 23,257 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.08% of Arch Capital Group worth $28,489,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. raised its holdings in Arch Capital Group by 116.3% during the first quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 150 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Arch Capital Group in the first quarter valued at $37,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Arch Capital Group by 3,450.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock worth $39,000 after buying an additional 414 shares during the last quarter. Hemington Wealth Management raised its stake in shares of Arch Capital Group by 27.7% during the 1st quarter. Hemington Wealth Management now owns 548 shares of the insurance provider’s stock worth $52,000 after buying an additional 119 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of Arch Capital Group by 157.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock worth $65,000 after buying an additional 412 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Stock Up 1.1%

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

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $4.39 billion. During the same quarter in the prior year, the company posted $1.99 EPS. As a group, sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on ACGL shares. Cowen restated a “buy” rating on shares of Arch Capital Group in a report on Monday, August 4th. Citigroup reiterated a “market outperform” rating on shares of Arch Capital Group in a research report on Tuesday, October 28th. Keefe, Bruyette & Woods raised their price objective on shares of Arch Capital Group from $102.00 to $103.00 and gave the stock a “market perform” rating in a research note on Thursday, August 14th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $98.00 target price on shares of Arch Capital Group in a research note on Tuesday, October 28th. Finally, Wells Fargo & Company dropped their price target on Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $109.00.

Insider Buying and Selling

In related news, insider Maamoun Rajeh sold 10,000 shares of the stock in a transaction dated Friday, August 22nd. The stock was 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 approximately $40,822,404.35. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.20% of the company’s stock.

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.