MUFG Securities EMEA plc Has $1.42 Million Stock Position in Arch Capital Group Ltd. $ACGL

MUFG Securities EMEA plc lifted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 108.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,803 shares of the insurance provider’s stock after acquiring an additional 7,689 shares during the period. MUFG Securities EMEA plc’s holdings in Arch Capital Group were worth $1,420,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of ACGL. Norges Bank acquired a new stake in shares of Arch Capital Group in the fourth quarter worth $463,208,000. First Trust Advisors LP grew its stake in shares of Arch Capital Group by 409.5% in the third quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock worth $257,278,000 after acquiring an additional 2,279,147 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Arch Capital Group by 289.1% in the second quarter. Ameriprise Financial Inc. now owns 1,368,648 shares of the insurance provider’s stock worth $124,615,000 after acquiring an additional 1,016,919 shares during the last quarter. Two Sigma Investments LP grew its stake in shares of Arch Capital Group by 112.4% in the third quarter. Two Sigma Investments LP now owns 1,895,222 shares of the insurance provider’s stock worth $171,953,000 after acquiring an additional 1,003,004 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of Arch Capital Group by 56.4% in the third quarter. UBS Group AG now owns 2,738,518 shares of the insurance provider’s stock worth $248,466,000 after acquiring an additional 987,398 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, Director Daniel Joseph Houston purchased 5,300 shares of the stock in a transaction on Thursday, April 30th. The shares were purchased at an average price of $94.08 per share, with a total value of $498,624.00. Following the acquisition, the director directly owned 9,915 shares of the company’s stock, valued at $932,803.20. This represents a 114.84% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David Gansberg sold 5,907 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $96.37, for a total transaction of $569,257.59. Following the completion of the sale, the insider owned 336,559 shares in the company, valued at $32,434,190.83. This represents a 1.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 32,837 shares of company stock worth $2,766,946. Corporate insiders own 3.30% of the company’s stock.

Arch Capital Group Trading Down 1.3%

Shares of Arch Capital Group stock opened at $87.62 on Wednesday. The firm has a market capitalization of $30.61 billion, a PE ratio of 6.73, a price-to-earnings-growth ratio of 4.87 and a beta of 0.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55. The company’s fifty day moving average price is $95.22 and its two-hundred day moving average price is $95.16. Arch Capital Group Ltd. has a 52-week low of $82.44 and a 52-week high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. The firm had revenue of $4.52 billion for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. On average, analysts expect that Arch Capital Group Ltd. will post 9.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ACGL. Citigroup raised their price objective on shares of Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Cantor Fitzgerald restated a “neutral” rating and issued a $100.00 price objective (up from $97.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. Weiss Ratings lowered shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Morgan Stanley set a $105.00 price target on shares of Arch Capital Group in a report on Friday, May 1st. Finally, Wells Fargo & Company boosted their price target on shares of Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $106.32.

Arch Capital Group 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.