Sumitomo Mitsui Trust Group Inc. Has $91.92 Million Stock Holdings in Arch Capital Group Ltd. $ACGL

by · The Cerbat Gem

Sumitomo Mitsui Trust Group Inc. decreased its position in Arch Capital Group Ltd. (NASDAQ:ACGL – Free Report) by 7.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 957,646 shares of the insurance provider’s stock after selling 76,188 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Arch Capital Group were worth $91,924,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Arch Capital Group during the 4th quarter worth approximately $463,208,000. AQR Capital Management LLC lifted its position in shares of Arch Capital Group by 184.1% in the fourth quarter. AQR Capital Management LLC now owns 2,670,628 shares of the insurance provider’s stock worth $256,167,000 after purchasing an additional 1,730,487 shares in the last quarter. Fiduciary Management Inc. WI bought a new stake in shares of Arch Capital Group in the fourth quarter worth $106,683,000. Arrowstreet Capital Limited Partnership boosted its holdings in Arch Capital Group by 572.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,268,601 shares of the insurance provider’s stock worth $121,684,000 after purchasing an additional 1,080,049 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Arch Capital Group by 289.1% during the second quarter. Ameriprise Financial Inc. now owns 1,368,648 shares of the insurance provider’s stock worth $124,615,000 after purchasing an additional 1,016,919 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

NASDAQ ACGL traded down $0.64 on Friday, hitting $101.06. 1,285,042 shares of the stock were exchanged, compared to its average volume of 1,953,738. The company has a market capitalization of $35.31 billion, a PE ratio of 7.76, a P/E/G ratio of 5.10 and a beta of 0.31. 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 business’s fifty day moving average is $94.44 and its 200 day moving average is $95.49. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $105.09.

Arch Capital Group (NASDAQ:ACGL – Get Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The company had revenue of $4.52 billion during the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. Research analysts anticipate that Arch Capital Group Ltd. will post 9.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Barclays lifted their price target on shares of Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Cantor Fitzgerald restated a “neutral” rating and set a $102.00 price objective (up from $100.00) on shares of Arch Capital Group in a research note on Thursday. Weiss Ratings cut Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Keefe, Bruyette & Woods lowered their target price on Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $108.12.

Read Our Latest Report on Arch Capital Group

Insider Activity

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 completion of the transaction, the director directly owned 9,915 shares in the company, valued at $932,803.20. This represents a 114.84% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total value of $58,980.00. The SEC filing for this sale provides additional information. Company insiders own 3.30% of the company’s stock.

Arch Capital Group Profile

(Free Report)

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.

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