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

MUFG Securities EMEA plc grew its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 108.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,803 shares of the insurance provider’s stock after purchasing an additional 7,689 shares during the period. MUFG Securities EMEA plc’s holdings in Arch Capital Group were worth $1,420,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bridges Investment Management Inc. acquired a new position in Arch Capital Group during the 3rd quarter worth about $1,413,000. Allianz Asset Management GmbH lifted its position in Arch Capital Group by 12.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 192,567 shares of the insurance provider’s stock worth $17,472,000 after buying an additional 21,323 shares in the last quarter. Legal & General Group Plc lifted its position in Arch Capital Group by 4.3% during the 4th quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider’s stock worth $282,405,000 after buying an additional 121,090 shares in the last quarter. High Ground Investment Management LLP lifted its position in Arch Capital Group by 3.5% during the 3rd quarter. High Ground Investment Management LLP now owns 1,714,668 shares of the insurance provider’s stock worth $155,572,000 after buying an additional 58,151 shares in the last quarter. Finally, WCM Investment Management LLC lifted its position in Arch Capital Group by 1.3% during the 3rd quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock worth $1,214,987,000 after buying an additional 171,693 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ACGL. UBS Group reiterated a “buy” rating and set a $114.00 price target (up from $113.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Morgan Stanley set a $105.00 price target on shares of Arch Capital Group in a research report on Friday, May 1st. Royal Bank Of Canada upped their price target on shares of Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 11th. Cantor Fitzgerald reiterated a “neutral” rating and set a $100.00 price target (up from $97.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Finally, Weiss Ratings downgraded shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $106.32.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, Director Brian S. Posner sold 2,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $17.14, for a total transaction of $34,280.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel Joseph Houston acquired 5,300 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were purchased at an average cost of $94.08 per share, with a total value of $498,624.00. Following the completion of the acquisition, the director directly owned 9,915 shares in the company, valued at approximately $932,803.20. The trade was a 114.84% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders sold 32,837 shares of company stock valued at $2,766,946. 3.30% of the stock is owned by company insiders.

Arch Capital Group Stock Performance

Shares of NASDAQ:ACGL opened at $87.62 on Wednesday. The stock has a market capitalization of $30.61 billion, a P/E ratio of 6.73, a P/E/G ratio of 4.87 and a beta of 0.32. Arch Capital Group Ltd. has a 1-year low of $82.44 and a 1-year high of $103.39. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $95.22 and a two-hundred day moving average price of $95.16.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share 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%. Equities analysts predict that Arch Capital Group Ltd. will post 9.29 earnings per share for the current year.

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.