Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 6.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 22,674 shares of the insurance provider’s stock after acquiring an additional 1,348 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Arch Capital Group were worth $2,233,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ACGL. Acrospire Investment Management LLC bought a new stake in Arch Capital Group during the 2nd quarter valued at $112,000. Vantage Investment Advisors LLC raised its position in Arch Capital Group by 1,372.9% during the 2nd quarter. Vantage Investment Advisors LLC now owns 1,252 shares of the insurance provider’s stock valued at $117,000 after purchasing an additional 1,167 shares in the last quarter. Parallel Advisors LLC raised its position in Arch Capital Group by 0.4% during the 2nd quarter. Parallel Advisors LLC now owns 1,356 shares of the insurance provider’s stock valued at $132,000 after purchasing an additional 6 shares in the last quarter. Toronto Dominion Bank raised its position in Arch Capital Group by 18.8% during the 2nd quarter. Toronto Dominion Bank now owns 1,596 shares of the insurance provider’s stock valued at $149,000 after purchasing an additional 253 shares in the last quarter. Finally, Crow Point Partners LLC bought a new stake in Arch Capital Group during the 2nd quarter valued at $174,000. 73.19% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on ACGL. Keefe, Bruyette & Woods set a $100.00 target price on Arch Capital Group and gave the company a “hold” rating in a research report on Friday, August 11th. Barclays PLC lifted their target price on Arch Capital Group from $91.00 to $95.00 and gave the company an “equal weight” rating in a research report on Monday, October 16th. Zacks Investment Research raised Arch Capital Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. UBS AG reaffirmed a “buy” rating on shares of Arch Capital Group in a research report on Monday, October 30th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $113.00 target price on shares of Arch Capital Group in a research report on Friday, October 27th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $100.70.

Arch Capital Group Ltd. (ACGL) opened at $95.35 on Friday. The company has a market capitalization of $12,478.83, a price-to-earnings ratio of 32.10, a PEG ratio of 2.65 and a beta of 0.70. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.83 and a quick ratio of 0.77. Arch Capital Group Ltd. has a 1 year low of $79.86 and a 1 year high of $102.60.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Wednesday, October 25th. The insurance provider reported ($0.79) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.59) by ($0.20). The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.16 billion. Arch Capital Group had a return on equity of 5.57% and a net margin of 9.44%. The company’s revenue was up 30.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 earnings per share. research analysts anticipate that Arch Capital Group Ltd. will post 3.27 earnings per share for the current year.

In related news, CEO Andrew Rippert sold 3,500 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $94.25, for a total transaction of $329,875.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Nicolas Papadopoulo sold 54,554 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $95.53, for a total value of $5,211,543.62. Following the transaction, the chief executive officer now owns 147,481 shares in the company, valued at $14,088,859.93. The disclosure for this sale can be found here. Over the last three months, insiders sold 187,633 shares of company stock valued at $17,864,402. Corporate insiders own 6.60% of the company’s stock.

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Arch Capital Group Company Profile

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

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

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