Tokio Marine Asset Management Co. Ltd. Increases Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Tokio Marine Asset Management Co. Ltd. lifted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 11,664 shares of the insurance provider’s stock after purchasing an additional 523 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Arch Capital Group were worth $1,077,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantbot Technologies LP bought a new position in shares of Arch Capital Group during the third quarter worth $25,000. Compagnie Lombard Odier SCmA bought a new position in Arch Capital Group during the third quarter valued at $46,000. UMB Bank n.a. lifted its position in Arch Capital Group by 41.9% during the third quarter. UMB Bank n.a. now owns 427 shares of the insurance provider’s stock valued at $48,000 after purchasing an additional 126 shares during the last quarter. Asset Dedication LLC lifted its position in Arch Capital Group by 188.1% during the third quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 284 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in Arch Capital Group during the third quarter valued at $50,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on ACGL. Evercore ISI increased their price objective on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Jefferies Financial Group raised their price target on shares of Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Royal Bank of Canada reduced their price target on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. BMO Capital Markets raised their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company reduced their price target on shares of Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

Arch Capital Group Stock Up 0.0 %

NASDAQ:ACGL opened at $93.10 on Tuesday. Arch Capital Group Ltd. has a fifty-two week low of $80.97 and a fifty-two week high of $116.47. The stock has a market capitalization of $35.03 billion, a P/E ratio of 6.25, a P/E/G ratio of 1.52 and a beta of 0.64. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. The company’s 50-day simple moving average is $94.03 and its 200-day simple moving average is $101.31.

Arch Capital Group Announces Dividend

The business also recently announced a special dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were paid a $5.00 dividend. The ex-dividend date of this dividend was Monday, November 18th.

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.