Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 374,170 shares of the insurance provider’s stock after buying an additional 14,313 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.28% of Arch Capital Group worth $34,906,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Legal & General Group Plc raised its stake in Arch Capital Group by 7.7% in the first quarter. Legal & General Group Plc now owns 677,060 shares of the insurance provider’s stock worth $64,162,000 after buying an additional 48,635 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in Arch Capital Group by 151.7% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 11,604 shares of the insurance provider’s stock worth $1,100,000 after buying an additional 6,994 shares in the last quarter. Eagle Asset Management Inc. raised its stake in Arch Capital Group by 87.0% in the first quarter. Eagle Asset Management Inc. now owns 114,756 shares of the insurance provider’s stock worth $9,383,000 after buying an additional 53,384 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Arch Capital Group by 33.5% in the first quarter. Nomura Asset Management Co. Ltd. now owns 75,053 shares of the insurance provider’s stock worth $7,113,000 after buying an additional 18,822 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Arch Capital Group by 0.7% in the first quarter. Principal Financial Group Inc. now owns 1,819,732 shares of the insurance provider’s stock worth $172,456,000 after buying an additional 12,071 shares in the last quarter. 76.92% of the stock is currently owned by institutional investors.

Shares of Arch Capital Group Ltd. (ACGL) opened at 96.65 on Thursday. The stock’s 50 day moving average price is $96.93 and its 200 day moving average price is $95.33. Arch Capital Group Ltd. has a 12 month low of $76.47 and a 12 month high of $99.47. The firm has a market cap of $13.00 billion, a price-to-earnings ratio of 17.58 and a beta of 0.67.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Wednesday, July 26th. The insurance provider reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. Arch Capital Group had a return on equity of 8.76% and a net margin of 15.65%. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the business earned $1.13 earnings per share. The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year. Equities research analysts predict that Arch Capital Group Ltd. will post $5.35 earnings per share for the current fiscal year.

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ACGL has been the topic of a number of analyst reports. Wells Fargo & Company reaffirmed a “hold” rating on shares of Arch Capital Group in a research report on Wednesday, June 14th. Keefe, Bruyette & Woods set a $100.00 price target on Arch Capital Group and gave the company a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research lowered Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Finally, BidaskClub lowered Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $92.89.

In other Arch Capital Group news, CFO Mark Donald Lyons sold 8,266 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $93.53, for a total transaction of $773,118.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP W Preston Hutchings sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $96.81, for a total transaction of $1,210,125.00. Following the transaction, the senior vice president now owns 39,411 shares of the company’s stock, valued at approximately $3,815,378.91. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,766 shares of company stock worth $6,877,244. 6.60% of the stock is owned by company insiders.

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.

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

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