Is Arch Capital Group Ltd (NASDAQ:ACGL) a Buy or a Sell? What Does Buckingham Think?

September 17, 2017 - By Vivian Currie

 Is Arch Capital Group Ltd (NASDAQ:ACGL) a Buy or a Sell? What Does Buckingham Think?

Investors sentiment decreased to 0.94 in 2016 Q4. Its down 0.03, from 0.97 in 2016Q3. It worsened, 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.

27,065 were accumulated by Williams Jones Assoc Ltd Llc. Pnc Fincl Serv Gru Inc holds 0% or 3,527 shares in its portfolio. D E Shaw & Comm Incorporated holds 0.02% in Arch Capital Group Ltd. (NASDAQ:ACGL) or 133,861 shares. Citadel Advsr Ltd Com has 0.01% invested in Arch Capital Group Ltd. (NASDAQ:ACGL). State Of Wisconsin Invest Board stated it has 0.01% of its portfolio in Arch Capital Group Ltd. (NASDAQ:ACGL). The Arizona-based Tci Wealth has invested 0.01% in Arch Capital Group Ltd. (NASDAQ:ACGL). Cantab Prtnrs Llp owns 16,159 shares for 0% of their portfolio. Robertson Opportunity Capital accumulated 6.31% or 110,702 shares. 13,115 were accumulated by Commonwealth Commercial Bank Of. Pggm Invests invested in 505,284 shares or 0.22% of the stock. Marshfield Assocs owns 1.50 million shares. Blackrock Inc invested in 0.03% or 249,805 shares. Franklin Resource Inc holds 0.05% or 1.06 million shares in its portfolio. Rhumbline Advisers holds 0.04% or 161,441 shares in its portfolio. Rocky Mountain Advisers Limited Co holds 0.01% or 33 shares in its portfolio.

Since May 2, 2017, it had 0 insider purchases, and 9 selling transactions for $15.64 million activity. 10,000 Arch Capital Group Ltd. (NASDAQ:ACGL) shares with value of $973,065 were sold by Vollaro John D. Another trade for 15,500 shares valued at $1.50 million was made by Papadopoulo Nicolas on Tuesday, May 2. The insider Lyons Mark Donald sold 8,266 shares worth $773,103. On Thursday, May 18 IORDANOU CONSTANTINE sold $3.55 million worth of Arch Capital Group Ltd. (NASDAQ:ACGL) or 37,168 shares.

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

Buckingham analyst has started coverage with a Buy rating on Arch Capital Group Ltd (NASDAQ:ACGL) today and set a price target of $106.0. The company’s shares opened today at 0.

Investors sentiment decreased to 0.94 in 2016 Q4. Its down 0.03, from 0.97 in 2016Q3. It worsened, 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.

27,065 were accumulated by Williams Jones Assoc Ltd Llc. Pnc Fincl Serv Gru Inc holds 0% or 3,527 shares in its portfolio. D E Shaw & Comm Incorporated holds 0.02% in Arch Capital Group Ltd. (NASDAQ:ACGL) or 133,861 shares. Citadel Advsr Ltd Com has 0.01% invested in Arch Capital Group Ltd. (NASDAQ:ACGL). State Of Wisconsin Invest Board stated it has 0.01% of its portfolio in Arch Capital Group Ltd. (NASDAQ:ACGL). The Arizona-based Tci Wealth has invested 0.01% in Arch Capital Group Ltd. (NASDAQ:ACGL). Cantab Prtnrs Llp owns 16,159 shares for 0% of their portfolio. Robertson Opportunity Capital accumulated 6.31% or 110,702 shares. 13,115 were accumulated by Commonwealth Commercial Bank Of. Pggm Invests invested in 505,284 shares or 0.22% of the stock. Marshfield Assocs owns 1.50 million shares. Blackrock Inc invested in 0.03% or 249,805 shares. Franklin Resource Inc holds 0.05% or 1.06 million shares in its portfolio. Rhumbline Advisers holds 0.04% or 161,441 shares in its portfolio. Rocky Mountain Advisers Limited Co holds 0.01% or 33 shares in its portfolio.

Since May 2, 2017, it had 0 insider purchases, and 9 selling transactions for $15.64 million activity. 10,000 Arch Capital Group Ltd. (NASDAQ:ACGL) shares with value of $973,065 were sold by Vollaro John D. Another trade for 15,500 shares valued at $1.50 million was made by Papadopoulo Nicolas on Tuesday, May 2. The insider Lyons Mark Donald sold 8,266 shares worth $773,103. On Thursday, May 18 IORDANOU CONSTANTINE sold $3.55 million worth of Arch Capital Group Ltd. (NASDAQ:ACGL) or 37,168 shares.

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. The stock of Arch Capital Group Ltd. (NASDAQ:ACGL) has “Buy” rating given on Monday, July 10 by RBC Capital Markets. The stock has “Neutral” rating by Goldman Sachs on Wednesday, September 7. BMO Capital Markets upgraded Arch Capital Group Ltd. (NASDAQ:ACGL) on Monday, December 12 to “Outperform” rating. Deutsche Bank maintained Arch Capital Group Ltd. (NASDAQ:ACGL) rating on Friday, July 31. Deutsche Bank has “Hold” rating and $69 target. The firm has “Outperform” rating given on Friday, January 6 by Credit Suisse. The firm has “Neutral” rating given on Tuesday, January 19 by Macquarie Research. The stock of Arch Capital Group Ltd. (NASDAQ:ACGL) has “Outperform” rating given on Thursday, February 11 by RBC Capital Markets. The firm has “Buy” rating given on Thursday, July 30 by M Partners. Nomura initiated Arch Capital Group Ltd. (NASDAQ:ACGL) on Wednesday, November 11 with “Neutral” rating. The rating was downgraded by Barclays Capital on Thursday, September 15 to “Equal-Weight”.

The stock decreased 0.07% or $0.07 on September 15, reaching $96.41. About 1.05M 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.

Wall Street await Arch Capital Group Ltd. (NASDAQ:ACGL) to release earnings on October, 25. Analysts forecast earnings per share of $1.14, exactly $0.00 or 0.00 % from 2014’s $1.14 EPS. The expected ACGL’s profit could reach $148.99M giving the stock 21.14 P/E in the case that $1.14 earnings per share is reported. After posting $1.21 EPS for the previous quarter, Arch Capital Group Ltd.’s analysts now forecast -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: Seekingalpha.com which released: “Hurricane Irma slams into Florida” on September 10, 2017, also Nasdaq.com with their article: “Arch Capital Group Ltd (ACGL) CEO of Arch Reinsurance Group Nicolas …” published on September 11, 2017, Nasdaq.com published: “Arch Capital Group is Now Oversold (ACGL)” on September 07, 2017. More interesting news about Arch Capital Group Ltd. (NASDAQ:ACGL) were released by: Businesswire.com and their article: “Arch Capital Group Ltd. Announces Secondary Public Offering of 6381410 Common …” published on June 08, 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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