Mather Group LLC. Cuts Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Mather Group LLC. trimmed its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 52.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,958 shares of the insurance provider’s stock after selling 3,302 shares during the period. Mather Group LLC.’s holdings in Arch Capital Group were worth $273,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC purchased a new position in shares of Arch Capital Group during the 4th quarter valued at approximately $30,000. LRI Investments LLC acquired a new stake in shares of Arch Capital Group in the 1st quarter valued at approximately $40,000. Richardson Financial Services Inc. acquired a new position in shares of Arch Capital Group during the 4th quarter worth $33,000. Versant Capital Management Inc lifted its position in shares of Arch Capital Group by 40.3% in the second quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock valued at $46,000 after acquiring an additional 131 shares in the last quarter. Finally, Indiana Trust & Investment Management CO purchased a new stake in shares of Arch Capital Group in the first quarter valued at $58,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

ACGL traded up $1.14 on Wednesday, hitting $97.78. 267,714 shares of the company were exchanged, compared to its average volume of 1,678,295. The business’s fifty day moving average is $98.87 and its 200 day moving average is $93.56. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.59 and a current ratio of 0.60. The firm has a market capitalization of $36.72 billion, a P/E ratio of 7.68, a price-to-earnings-growth ratio of 1.84 and a beta of 0.58. Arch Capital Group Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $103.79.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.36. The firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The company’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.92 EPS. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.75 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ACGL. JMP Securities raised their price objective on shares of Arch Capital Group from $110.00 to $115.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 31st. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Arch Capital Group from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, July 1st. Keefe, Bruyette & Woods increased their price target on shares of Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Evercore ISI increased their price objective on shares of Arch Capital Group from $100.00 to $104.00 and gave the stock an “in-line” rating in a report on Wednesday, July 31st. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.56.

Arch Capital Group Company 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.