November 30, 2016 - By Peter Erickson · 0 Comments
Arch Capital Group LTD (NASDAQ:ACGL) institutional sentiment increased to 0.97 in 2016 Q2. Its up 0.07, from 0.9 in 2016Q1. The ratio is positive, as 109 hedge funds opened new or increased stock positions, while 121 sold and decreased equity positions in Arch Capital Group LTD. The hedge funds in our partner’s database now possess: 93.22 million shares, down from 93.46 million shares in 2016Q1. Also, the number of hedge funds holding Arch Capital Group LTD in their top 10 stock positions decreased from 10 to 8 for a decrease of 2. Sold All: 14 Reduced: 107 Increased: 85 New Position: 24.
Arch Capital Group Ltd. writes insurance and reinsurance on worldwide basis. The company has a market cap of $10.25 billion. The Firm operates in five divisions: insurance, reinsurance, mortgage, other and corporate. It has a 15.75 P/E ratio. The Company’s insurance, reinsurance and mortgage divisions are underwriting divisions.
About 161,515 shares traded hands. Arch Capital Group Ltd. (NASDAQ:ACGL) has risen 15.39% since April 27, 2016 and is uptrending. It has outperformed by 10.17% the S&P500.
Analysts await Arch Capital Group Ltd. (NASDAQ:ACGL) to report earnings on February, 14. They expect $1.00 EPS, down 13.04% or $0.15 from last year’s $1.15 per share. ACGL’s profit will be $123.82 million for 20.70 P/E if the $1.00 EPS becomes a reality. After $1.14 actual EPS reported by Arch Capital Group Ltd. for the previous quarter, Wall Street now forecasts -12.28% negative EPS growth.
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.”
Fpr Partners Llc holds 11.75% of its portfolio in Arch Capital Group Ltd. for 6.76 million shares. Marshfield Associates owns 1.75 million shares or 9% of their US portfolio. Moreover, Steinberg Asset Management Llc has 5.97% invested in the company for 317,149 shares. The Texas-based Robertson Opportunity Capital Llc has invested 5.3% in the stock. General American Investors Co Inc, a New York-based fund reported 675,600 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 buy, and 6 sales for $8.20 million net activity.
Ratings analysis reveals 27% of Arch Capital’s analysts are positive. Out of 11 Wall Street analysts rating Arch Capital, 3 give it “Buy”, 1 “Sell” rating, while 7 recommend “Hold”. The lowest target is $67 while the high is $95. The stock’s average target of $79.10 is -4.45% below today’s ($82.78) share price. ACGL was included in 23 notes of analysts from July 31, 2015. The firm has “Buy” rating by Zacks given on Monday, August 10. The stock of Arch Capital Group Ltd. (NASDAQ:ACGL) earned “Neutral” rating by Macquarie Research on Tuesday, January 19. The stock has “Neutral” rating given by Nomura on Wednesday, November 11. The stock has “Equal-Weight” rating given by Barclays Capital on Thursday, September 15. The stock of Arch Capital Group Ltd. (NASDAQ:ACGL) earned “Market Perform” rating by Keefe Bruyette & Woods on Friday, August 5. The stock of Arch Capital Group Ltd. (NASDAQ:ACGL) has “Underperform” rating given on Friday, October 30 by Bank of America. RBC Capital Markets maintained Arch Capital Group Ltd. (NASDAQ:ACGL) on Thursday, February 11 with “Outperform” rating. The company was maintained on Monday, July 11 by Wood. Goldman Sachs upgraded it to “Neutral” rating and $79 target price in Wednesday, September 7 report. RBC Capital Markets maintained Arch Capital Group Ltd. (NASDAQ:ACGL) on Friday, October 30 with “Outperform” rating.
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. Announces $950 Million Public Offering of Senior Notes” on November 29, 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 Second Quarter Results” on July 27, 2016. More interesting news about Arch Capital Group Ltd. (NASDAQ:ACGL) was released by: Businesswire.com and their article: “Fitch Rates Arch Capital Subsidiary’s Senior Notes ‘A-‘” with publication date: November 29, 2016.
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By Peter Erickson