Tokio Marine Asset Management Co. Ltd. Purchases 713 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,504 shares of the insurance provider’s stock after acquiring an additional 713 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Arch Capital Group were worth $854,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ACGL. DekaBank Deutsche Girozentrale grew its stake in shares of Arch Capital Group by 6.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 205,548 shares of the insurance provider’s stock worth $16,756,000 after purchasing an additional 11,594 shares during the period. SG Americas Securities LLC grew its stake in shares of Arch Capital Group by 601.1% during the fourth quarter. SG Americas Securities LLC now owns 141,370 shares of the insurance provider’s stock worth $10,500,000 after purchasing an additional 121,206 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of Arch Capital Group by 0.7% during the third quarter. Treasurer of the State of North Carolina now owns 209,153 shares of the insurance provider’s stock worth $16,672,000 after purchasing an additional 1,504 shares during the period. Millington Financial Advisors LLC acquired a new stake in shares of Arch Capital Group during the third quarter worth $1,030,000. Finally, Wedge Capital Management L L P NC grew its stake in shares of Arch Capital Group by 28.9% during the fourth quarter. Wedge Capital Management L L P NC now owns 205,698 shares of the insurance provider’s stock worth $15,277,000 after purchasing an additional 46,089 shares during the period. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Down 2.3 %

ACGL stock opened at $90.90 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a market capitalization of $34.10 billion, a P/E ratio of 7.82, a P/E/G ratio of 1.16 and a beta of 0.57. The business has a 50-day moving average of $90.34 and a 200-day moving average of $84.40. Arch Capital Group Ltd. has a fifty-two week low of $69.05 and a fifty-two week high of $95.01.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.55. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same period in the prior year, the firm earned $2.14 earnings per share. On average, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Citigroup decreased their price objective on Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating for the company in a research note on Monday, January 22nd. Wells Fargo & Company boosted their target price on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. UBS Group decreased their target price on Arch Capital Group from $101.00 to $97.00 and set a “buy” rating for the company in a research note on Wednesday, January 10th. Evercore ISI boosted their target price on Arch Capital Group from $92.00 to $100.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. Finally, Morgan Stanley boosted their target price on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $96.23.

Insider Buying and Selling

In related news, insider Nicolas Papadopoulo sold 60,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the sale, the insider now owns 651,931 shares in the company, valued at $57,057,001.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Nicolas Papadopoulo sold 60,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the sale, the insider now owns 651,931 shares in the company, valued at $57,057,001.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Maamoun Rajeh sold 50,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total value of $4,374,000.00. Following the sale, the chief executive officer now owns 336,170 shares in the company, valued at approximately $29,408,151.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,689 shares of company stock worth $11,872,217. Corporate insiders own 4.20% of the company’s stock.

Arch Capital Group Profile

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.