Factory Mutual Insurance Co. Invests $6.29 Million in Mitsubishi UFJ Financial Group, Inc. $MUFG

Factory Mutual Insurance Co. acquired a new position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 394,330 shares of the company’s stock, valued at approximately $6,286,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MUFG. Seven Mile Advisory raised its position in Mitsubishi UFJ Financial Group by 4.7% during the second quarter. Seven Mile Advisory now owns 15,543 shares of the company’s stock valued at $213,000 after purchasing an additional 702 shares in the last quarter. EWA LLC raised its holdings in shares of Mitsubishi UFJ Financial Group by 1.1% during the 3rd quarter. EWA LLC now owns 66,054 shares of the company’s stock valued at $1,053,000 after buying an additional 740 shares in the last quarter. MQS Management LLC raised its holdings in shares of Mitsubishi UFJ Financial Group by 6.5% during the 2nd quarter. MQS Management LLC now owns 12,247 shares of the company’s stock valued at $168,000 after buying an additional 744 shares in the last quarter. Rehmann Capital Advisory Group lifted its position in Mitsubishi UFJ Financial Group by 1.1% in the 2nd quarter. Rehmann Capital Advisory Group now owns 69,804 shares of the company’s stock worth $958,000 after buying an additional 761 shares during the last quarter. Finally, Huntington National Bank boosted its stake in Mitsubishi UFJ Financial Group by 6.1% in the second quarter. Huntington National Bank now owns 13,427 shares of the company’s stock worth $184,000 after buying an additional 772 shares in the last quarter. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Price Performance

Shares of Mitsubishi UFJ Financial Group stock opened at $19.28 on Friday. The business has a 50 day moving average of $17.53 and a 200 day moving average of $16.12. Mitsubishi UFJ Financial Group, Inc. has a 52 week low of $10.46 and a 52 week high of $20.15. The company has a market cap of $228.75 billion, a PE ratio of 16.91, a P/E/G ratio of 1.45 and a beta of 0.35. The company has a quick ratio of 0.89, a current ratio of 0.85 and a debt-to-equity ratio of 1.30.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. Mitsubishi UFJ Financial Group had a net margin of 13.87% and a return on equity of 9.58%. The business had revenue of ($1,075.42) million for the quarter, compared to the consensus estimate of $9.30 billion. As a group, equities research analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Zacks Research downgraded shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Weiss Ratings upgraded shares of Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Finally, UBS Group upgraded shares of Mitsubishi UFJ Financial Group to a “strong-buy” rating in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.