The stock of Arch Capital Group Ltd. (NASDAQ:ACGL) is a huge mover today! The stock decreased 2.69% or $2.14 during the last trading session, hitting $77.3. About 574,777 shares traded hands or 53.57% up from the average. Arch Capital Group Ltd. (NASDAQ:ACGL) has risen 14.88% since March 2, 2016 and is uptrending. It has outperformed by 6.62% the S&P500.
The move comes after 9 months negative chart setup for the $9.54B company. It was reported on Oct, 6 by Barchart.com. We have $72.66 PT which if reached, will make NASDAQ:ACGL worth $572.40 million less.
Analysts await Arch Capital Group Ltd. (NASDAQ:ACGL) to report earnings on October, 26. They expect $0.91 earnings per share, down 9.90% or $0.10 from last year’s $1.01 per share. ACGL’s profit will be $112.31 million for 21.24 P/E if the $0.91 EPS becomes a reality. After $1.13 actual earnings per share reported by Arch Capital Group Ltd. for the previous quarter, Wall Street now forecasts -19.47% negative EPS growth.
Arch Capital Group Ltd. (NASDAQ:ACGL) Ratings Coverage
Out of 11 analysts covering Arch Capital (NASDAQ:ACGL), 3 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 27% are positive. Arch Capital has been the topic of 23 analyst reports since July 31, 2015 according to StockzIntelligence Inc. As per Wednesday, November 11, the company rating was initiated by Nomura. As per Monday, August 10, the company rating was downgraded by Zacks. The firm earned “Neutral” rating on Tuesday, January 19 by Macquarie Research. The company was maintained on Thursday, July 30 by M Partners. Barclays Capital downgraded Arch Capital Group Ltd. (NASDAQ:ACGL) on Thursday, September 15 to “Equal-Weight” rating. As per Wednesday, August 17, the company rating was maintained by Wood. The firm earned “Underperform” rating on Friday, October 30 by Bank of America. The rating was maintained by M Partners with “Buy” on Tuesday, August 30. The rating was maintained by Wood on Monday, July 11 with “Market Perform”. As per Friday, July 31, the company rating was maintained by RBC Capital Markets.
According to Zacks Investment Research, “Arch Capital Group Ltd. is a diversified financial services holding company, with an emphasis on the insurance sector. The Arch Capital Group is engaged in a range of insurance and financial service activities through subsidiaries comprising Arch Insurance Services and the ownership of intermediaries, underwriting agencies, service providers and insurance companies.”
Insitutional Activity: The institutional sentiment increased to 0.9 in Q2 2016. Its up 0.08, from 0.82 in 2016Q1. The ratio increased, as 14 funds sold all Arch Capital Group Ltd. shares owned while 107 reduced positions. 24 funds bought stakes while 85 increased positions. They now own 93.22 million shares or 0.26% less from 93.46 million shares in 2016Q1.
Paragon Capital Mngmt Llc last reported 2.65% of its portfolio in the stock. Moreover, Principal Financial Group Inc has 0.12% invested in Arch Capital Group Ltd. (NASDAQ:ACGL) for 1.17M shares. Violich Cap Management has 0.76% invested in the company for 33,351 shares. Susquehanna Gp Limited Liability Partnership holds 0% of its portfolio in Arch Capital Group Ltd. (NASDAQ:ACGL) for 8,643 shares. Pacad Investment Limited last reported 6,680 shares in the company. Verition Fund Limited last reported 3,021 shares in the company. First Manhattan Comm owns 627 shares or 0% of their US portfolio. First Republic Invest Mgmt last reported 40,677 shares in the company. Ngam Limited Partnership, a Massachusetts-based fund reported 10,202 shares. Creative Planning, a Kansas-based fund reported 1,028 shares. Tokio Marine Asset Mgmt Ltd has invested 0.04% of its portfolio in Arch Capital Group Ltd. (NASDAQ:ACGL). Caisse De Depot Et Placement Du Quebec accumulated 25,400 shares or 0% of the stock. First Quadrant L P Ca has 0.05% invested in the company for 28,417 shares. Northern has invested 0.02% of its portfolio in Arch Capital Group Ltd. (NASDAQ:ACGL). Parkwood Llc holds 0.5% of its portfolio in Arch Capital Group Ltd. (NASDAQ:ACGL) for 41,667 shares.
Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 9 insider sales for $11.41 million net activity. 50,000 shares with value of $3.98M were sold by IORDANOU CONSTANTINE on Monday, August 29. McElroy David sold 25,000 shares worth $1.98 million. On Wednesday, August 17 Lyons Mark Donald sold $681,386 worth of the stock or 8,500 shares. The insider Lillikas Yiorgos sold $113,373. $685,838 worth of Arch Capital Group Ltd. (NASDAQ:ACGL) was sold by PETRILLO LOUIS T on Monday, August 22.
More notable recent Arch Capital Group Ltd. (NASDAQ:ACGL) news were published by: Businesswire.com which released: “Arch Capital Group Ltd. to Report 2016 Third Quarter Results on October 26, 2016” on October 03, 2016, also Moodys.com with their article: “Moody’s rates Arch Capital Group Ltd.’s Series E non-cumulative preferred …” published on September 29, 2016, Businesswire.com published: “Arch Capital Group Ltd. Reports 2016 Second Quarter Results” on July 27, 2016. More interesting news about Arch Capital Group Ltd. (NASDAQ:ACGL) were released by: Finance.Yahoo.com and their article: “Arch Capital Group Ltd. Announces $450 Million Public Offering of Depositary …” published on September 22, 2016 as well as Streetinsider.com‘s news article titled: “S&P Lowers Outlook on Arch Capital Group Ltd (ACGL) to Negative Amid United …” with publication date: August 17, 2016.
ACGL Company Profile
Arch Capital Group Ltd. (ACGL), incorporated on October 22, 2000, writes insurance and reinsurance on a worldwide basis. The Firm operates in five divisions: insurance, reinsurance, mortgage, other and corporate. The Company’s insurance, reinsurance and mortgage divisions are underwriting divisions. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other, which includes alternative market risks and excess workers’ compensation. The reinsurance segment’s product lines include casualty; marine and aviation; other specialty; property catastrophe; property excluding property catastrophe, and other, which includes life reinsurance and casualty clash businesses. The mortgage segment includes the results of Arch Mortgage Insurance Company (Arch MI U.S.) and Arch Mortgage Insurance Designated Activity Company (Arch MI Europe), which are providers of mortgage insurance services and products to the United States and European markets. The corporate (non-underwriting) segment results include net investment income and interest expense. The other segment includes the results of Watford Holdings Ltd. (Watford Re).
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