Buckingham Initiates “Buy” Rating for Arch Capital Group Ltd (NASDAQ:ACGL) With a $106.0 Price Target

September 17, 2017 - By reb123z

 Buckingham Initiates

Investors sentiment decreased to 0.94 in Q4 2016. Its down 0.03, from 0.97 in 2016Q3. It dived, as 15 investors sold Arch Capital Group Ltd. shares while 119 reduced holdings. 44 funds opened positions while 82 raised stakes. 93.26 million shares or 1.55% more from 91.83 million shares in 2016Q3 were reported.

Ibm Retirement Fund holds 0.03% in Arch Capital Group Ltd. (NASDAQ:ACGL) or 9,239 shares. Franklin Resources invested in 0.05% or 1.06 million shares. Robeco Institutional Asset Mngmt Bv owns 0.66% invested in Arch Capital Group Ltd. (NASDAQ:ACGL) for 983,910 shares. Pine River Management L P holds 0.02% or 6,018 shares in its portfolio. Amp Invsts owns 52,861 shares. Bnp Paribas Arbitrage Sa owns 34,377 shares. Delta Lloyd Nv reported 9,313 shares. Connable Office reported 13,400 shares or 0.27% of all its holdings. National Bank Of Montreal Can holds 0.01% of its portfolio in Arch Capital Group Ltd. (NASDAQ:ACGL) for 88,946 shares. Moreover, Aviva Plc has 0.04% invested in Arch Capital Group Ltd. (NASDAQ:ACGL). Blackrock Inv Management Ltd Limited Liability Company holds 0.01% of its portfolio in Arch Capital Group Ltd. (NASDAQ:ACGL) for 91,576 shares. Bluecrest Cap Management Ltd holds 0.03% or 5,428 shares. Blackrock Limited Liability Com stated it has 206,324 shares. 2,672 are held by Clinton Gp. Aberdeen Asset Plc Uk reported 0% in Arch Capital Group Ltd. (NASDAQ:ACGL).

Since May 2, 2017, it had 0 insider buys, and 9 selling transactions for $15.64 million activity. On Wednesday, May 24 the insider PETRILLO LOUIS T sold $283,998. $773,103 worth of Arch Capital Group Ltd. (NASDAQ:ACGL) was sold by Lyons Mark Donald on Friday, June 9. Papadopoulo Nicolas also sold $1.50M worth of Arch Capital Group Ltd. (NASDAQ:ACGL) shares. 37,168 Arch Capital Group Ltd. (NASDAQ:ACGL) shares with value of $3.55M were sold by IORDANOU CONSTANTINE.

Why Has Buckingham Given Arch Capital Group Ltd (NASDAQ:ACGL) a $106.0 Price Target

In an analyst note published on Monday, 11 September, Buckingham analyst has today initiated coverage for Arch Capital Group Ltd (NASDAQ:ACGL) shares with a “Buy” rating. The PT is set to $106.0.

Investors sentiment decreased to 0.94 in Q4 2016. Its down 0.03, from 0.97 in 2016Q3. It dived, as 15 investors sold Arch Capital Group Ltd. shares while 119 reduced holdings. 44 funds opened positions while 82 raised stakes. 93.26 million shares or 1.55% more from 91.83 million shares in 2016Q3 were reported.

Ibm Retirement Fund holds 0.03% in Arch Capital Group Ltd. (NASDAQ:ACGL) or 9,239 shares. Franklin Resources invested in 0.05% or 1.06 million shares. Robeco Institutional Asset Mngmt Bv owns 0.66% invested in Arch Capital Group Ltd. (NASDAQ:ACGL) for 983,910 shares. Pine River Management L P holds 0.02% or 6,018 shares in its portfolio. Amp Invsts owns 52,861 shares. Bnp Paribas Arbitrage Sa owns 34,377 shares. Delta Lloyd Nv reported 9,313 shares. Connable Office reported 13,400 shares or 0.27% of all its holdings. National Bank Of Montreal Can holds 0.01% of its portfolio in Arch Capital Group Ltd. (NASDAQ:ACGL) for 88,946 shares. Moreover, Aviva Plc has 0.04% invested in Arch Capital Group Ltd. (NASDAQ:ACGL). Blackrock Inv Management Ltd Limited Liability Company holds 0.01% of its portfolio in Arch Capital Group Ltd. (NASDAQ:ACGL) for 91,576 shares. Bluecrest Cap Management Ltd holds 0.03% or 5,428 shares. Blackrock Limited Liability Com stated it has 206,324 shares. 2,672 are held by Clinton Gp. Aberdeen Asset Plc Uk reported 0% in Arch Capital Group Ltd. (NASDAQ:ACGL).

Since May 2, 2017, it had 0 insider buys, and 9 selling transactions for $15.64 million activity. On Wednesday, May 24 the insider PETRILLO LOUIS T sold $283,998. $773,103 worth of Arch Capital Group Ltd. (NASDAQ:ACGL) was sold by Lyons Mark Donald on Friday, June 9. Papadopoulo Nicolas also sold $1.50M worth of Arch Capital Group Ltd. (NASDAQ:ACGL) shares. 37,168 Arch Capital Group Ltd. (NASDAQ:ACGL) shares with value of $3.55M were sold by IORDANOU CONSTANTINE.

Arch Capital Group Ltd. (NASDAQ:ACGL) Ratings Coverage

Among 15 analysts covering Arch Capital (NASDAQ:ACGL), 6 have Buy rating, 1 Sell and 8 Hold. Therefore 40% are positive. Arch Capital has $120.0 highest and $67 lowest target. $90.55’s average target is -6.08% below currents $96.41 stock price. Arch Capital had 35 analyst reports since July 31, 2015 according to SRatingsIntel. Macquarie Research downgraded Arch Capital Group Ltd. (NASDAQ:ACGL) on Tuesday, January 19 to “Neutral” rating. The stock of Arch Capital Group Ltd. (NASDAQ:ACGL) earned “Hold” rating by Deutsche Bank on Friday, July 29. On Thursday, July 27 the stock rating was maintained by RBC Capital Markets with “Buy”. Barclays Capital downgraded Arch Capital Group Ltd. (NASDAQ:ACGL) on Thursday, September 15 to “Equal-Weight” rating. The rating was maintained by M Partners with “Buy” on Tuesday, August 30. Wood maintained it with “Market Perform” rating and $86 target in Wednesday, August 17 report. Deutsche Bank maintained Arch Capital Group Ltd. (NASDAQ:ACGL) on Friday, July 31 with “Hold” rating. As per Friday, January 6, the company rating was initiated by Credit Suisse. Keefe Bruyette & Woods maintained it with “Market Perform” rating and $78 target in Friday, August 5 report. The firm earned “Outperform” rating on Friday, July 31 by RBC Capital Markets.

The stock decreased 0.07% or $0.07 on September 15, reaching $96.41. About 1.05 million shares traded or 72.25% up from the average. Arch Capital Group Ltd. (NASDAQ:ACGL) has risen 33.14% since September 17, 2016 and is uptrending. It has outperformed by 16.44% the S&P500.

Analysts await Arch Capital Group Ltd. (NASDAQ:ACGL) to report earnings on October, 25. They expect $1.14 earnings per share, 0.00 % or $0.00 from last year’s $1.14 per share. ACGL’s profit will be $148.99 million for 21.14 P/E if the $1.14 EPS becomes a reality. After $1.21 actual earnings per share reported by Arch Capital Group Ltd. for the previous quarter, Wall Street now forecasts -5.79 % negative EPS growth.

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The company has market cap of $12.60 billion. The Firm provides a range of property, casualty and mortgage insurance and reinsurance lines. It has a 17.63 P/E ratio. The Firm operates in five divisions: insurance, reinsurance, mortgage, other and corporate.

More notable recent Arch Capital Group Ltd. (NASDAQ:ACGL) news were published by: Businesswire.com which released: “Arch Capital Group Ltd. Announces Closing of Acquisition of AIG United …” on July 05, 2017, also Seekingalpha.com with their article: “Hurricane Irma slams into Florida” published on September 10, 2017, Businesswire.com published: “Arch Capital Group Ltd. Announces Secondary Public Offering of 6381410 Common …” on June 08, 2017. More interesting news about Arch Capital Group Ltd. (NASDAQ:ACGL) were released by: Seekingalpha.com and their article: “Preferred Stock IPO: 5.45% From Arch Capital Group” published on August 23, 2017 as well as Seekingalpha.com‘s news article titled: “Arch Capital Group’s (ACGL) CEO Constantine Iordanou on Q2 2017 Results …” with publication date: July 29, 2017.

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