November 23, 2016 - By Hazel Jackson · 0 Comments
The stock of Arch Capital Group Limited (NASDAQ:ACGL) registered an increase of 0.58% in short interest. ACGL’s total short interest was 1.68 million shares in November as published by FINRA. Its up 0.58% from 1.67 million shares, reported previously. With 367,900 shares average volume, it will take short sellers 5 days to cover their ACGL’s short positions. The short interest to Arch Capital Group Limited’s float is 1.72%. The stock closed at $80.96 during the last session. It is down 16.71% since April 21, 2016 and is uptrending. It has outperformed by 11.38% the S&P500.
Arch Capital Group Ltd. writes insurance and reinsurance on worldwide basis. The company has a market cap of $9.94 billion. The Firm operates in five divisions: insurance, reinsurance, mortgage, other and corporate. It has a 15.4 P/E ratio. The Company’s insurance, reinsurance and mortgage divisions are underwriting divisions.
Insitutional Activity: The institutional sentiment increased to 0.97 in Q2 2016. Its up 0.07, from 0.9 in 2016Q1. The ratio is positive, 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.
Navellier And Associates reported 11,306 shares or 0.12% of all its holdings. The Japan-based Mizuho Asset Mngmt Coltd has invested 0.02% in Arch Capital Group Ltd. (NASDAQ:ACGL). The Michigan-based Asset Incorporated has invested 0.01% in Arch Capital Group Ltd. (NASDAQ:ACGL). Kcg Holdings accumulated 0.03% or 23,080 shares. Amalgamated National Bank & Trust last reported 0.06% of its portfolio in the stock. Aberdeen Asset Public Ltd Liability Uk holds 9,311 shares or 0% of its portfolio. Silvercrest Asset Grp Inc Ltd Liability accumulated 9,102 shares or 0.01% of the stock. Scout owns 395,265 shares or 0.79% of their US portfolio. The Florida-based State Board Of Administration Of Florida Retirement Systems has invested 0.04% in Arch Capital Group Ltd. (NASDAQ:ACGL). Martingale Asset L P accumulated 363,910 shares or 0.43% of the stock. Strategic Advisors Ltd Liability, a California-based fund reported 32,433 shares. Cantab Cap Llp holds 0% or 2,842 shares in its portfolio. Ifrah Fincl Svcs reported 3,281 shares or 0.09% of all its holdings. Hightower Advisors Ltd Com reported 6,968 shares or 0.01% of all its holdings. Penn Capital Management holds 0.32% of its portfolio in Arch Capital Group Ltd. (NASDAQ:ACGL) for 75,535 shares.
Insider Transactions: Since May 24, 2016, the stock had 1 insider buy, and 9 selling transactions for $9.03 million net activity. The insider IORDANOU CONSTANTINE sold 40,000 shares worth $2.86 million. 7,000 shares were sold by Lyons Mark Donald, worth $502,656. Lillikas Yiorgos had sold 1,570 shares worth $113,373 on Wednesday, June 1. Another trade for 6,000 shares valued at $131,271 was bought by Posner Brian S. 8,635 shares were sold by PETRILLO LOUIS T, worth $685,838. The insider McElroy David sold 25,000 shares worth $1.98 million.
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. The firm has “Neutral” rating by Goldman Sachs given on Wednesday, September 7. Deutsche Bank maintained Arch Capital Group Ltd. (NASDAQ:ACGL) on Friday, July 29 with “Hold” rating. M Partners maintained the stock with “Buy” rating in Thursday, July 30 report. Zacks downgraded the stock to “Buy” rating in Monday, August 10 report. M Partners maintained the stock with “Buy” rating in Tuesday, August 30 report. On Friday, July 31 the stock rating was maintained by RBC Capital Markets with “Outperform”. RBC Capital Markets maintained Arch Capital Group Ltd. (NASDAQ:ACGL) rating on Friday, October 30. RBC Capital Markets has “Outperform” rating and $85 price target. The firm has “Outperform” rating given on Thursday, February 11 by RBC Capital Markets. The company was downgraded on Friday, October 30 by Bank of America. As per Wednesday, August 17, the company rating was maintained by Wood.
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).
More important recent Arch Capital Group Ltd. (NASDAQ:ACGL) news were published by: Businesswire.com which released: “Arch Capital Group Ltd. Reports 2016 Second Quarter Results” on July 27, 2016, also Streetinsider.com published article titled: “S&P Lowers Outlook on Arch Capital Group Ltd (ACGL) to Negative Amid United …”, Businesswire.com published: “Arch Capital Group Ltd. Reports 2016 First Quarter Results” on April 27, 2016. More interesting news about Arch Capital Group Ltd. (NASDAQ:ACGL) was released by: Businesswire.com and their article: “Arch Capital Group Ltd. Reports 2015 Fourth Quarter Results” with publication date: February 09, 2016.
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By Hazel Jackson