Mather Group LLC. Has $285,000 Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Mather Group LLC. raised its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 6.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,088 shares of the insurance provider’s stock after buying an additional 199 shares during the quarter. Mather Group LLC.’s holdings in Arch Capital Group were worth $285,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in Arch Capital Group by 3.5% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider’s stock valued at $18,203,000 after acquiring an additional 6,663 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Arch Capital Group by 5.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider’s stock valued at $12,444,000 after purchasing an additional 5,614 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Arch Capital Group by 10.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider’s stock worth $8,024,000 after buying an additional 6,521 shares in the last quarter. Metis Global Partners LLC lifted its position in shares of Arch Capital Group by 26.6% during the 3rd quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider’s stock worth $2,849,000 after buying an additional 5,345 shares during the last quarter. Finally, Banque Cantonale Vaudoise lifted its position in shares of Arch Capital Group by 172.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 55,423 shares of the insurance provider’s stock worth $6,201,000 after buying an additional 35,060 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $93.88 on Friday. The stock has a market capitalization of $35.32 billion, a PE ratio of 6.30, a PEG ratio of 1.52 and a beta of 0.64. The business’s 50 day simple moving average is $93.59 and its 200 day simple moving average is $101.18. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. Arch Capital Group Ltd. has a one year low of $80.97 and a one year high of $116.47.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods decreased their target price on Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Barclays lowered their price objective on shares of Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Royal Bank of Canada cut their target price on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Wells Fargo & Company decreased their target price 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. Finally, JPMorgan Chase & Co. cut their price objective on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

About Arch Capital Group

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.