Wells Fargo & Co Reaffirms Hold Rating for Arch Capital Group (ACGL)

Lloyd Doyle
January 13, 2018

Insiders sold a total of 65,975 shares of company stock valued at $6,256,989 in the last 90 days. The stock has a market cap of $11,630.77, a PE ratio of 29.92, a PEG ratio of 1.30 and a beta of 0.67. About 936,120 shares traded or 80.02% up from the average. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since January 12, 2017 and is uptrending.

University Of Notre Dame Du Lac increased Arch Cap Group Ltd (ACGL) stake by 10.51% reported in 2017Q3 SEC filing. Fpr Partners Llc sold 92,914 shares as the company's stock rose 0.81% with the market. The institutional investor held 232,016 shares of the property-casualty insurers company at the end of 2017Q3, valued at $22.85 million, up from 223,435 at the end of the previous reported quarter. Arch Cap Group Ltd now has $11.84B valuation. The stock decreased 1.16% or $1.57 during the last trading session, reaching $133.4. 211.28 million shares or 7.34% less from 228.01 million shares in 2017Q2 were reported. Arch Capital Group Ltd. (NASDAQ:ACGL) has risen 33.14% since January 10, 2017 and is uptrending. It has outperformed by 34.70% the S&P500.

Since August 1, 2017, it had 0 buys, and 8 insider sales for $19.80 million activity. 50,000 shares were sold by IORDANOU CONSTANTINE, worth $4.89M. The shares were sold at an average price of $91.07, for a total transaction of $539,225.47. Moreover, Hightower Advisors Limited has 0.01% invested in Arch Capital Group Ltd. (NASDAQ:ACGL).

As a result of the higher cats than we were modeling (due to the December fires) we are lowering our estimate to $1.20 (from $1.25) for the Q4 and $3.06 for FY 2017 (compared to our prior $3.12). Its down 0.19, from 1.22 in 2017Q2. 38,918 shares were sold by Papadopoulo Nicolas, worth $3.78 million.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock.

Aureus Asset Management Llc increased American Tower Corp New Com (AMT) stake by 3.63% reported in 2017Q3 SEC filing. Arch Capital had 42 analyst reports since July 31, 2015 according to SRatingsIntel. Lpl Fincl Lc has 0% invested in Arch Capital Group Ltd. (NASDAQ:ACGL). Dupont Capital Mgmt Corporation invested 0.02% in Arch Capital Group Ltd. (NASDAQ:ACGL). Thrivent For Lutherans owns 900 shares for 0% of their portfolio. They expect $1.56 earnings per share, up 30.00% or $0.36 from last year's $1.2 per share. The stock of Arch Capital Group Ltd. (NASDAQ:ACGL) earned "Outperform" rating by Credit Suisse on Friday, January 6. Next Financial Gp reported 6 shares. Fmr Ltd Llc owns 822,700 shares for 0% of their portfolio. Connable Office Inc, Michigan-based fund reported 6,700 shares. Univest Of Pennsylvania holds 0.09% or 1,668 shares in its portfolio.

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. Arizona State Retirement Sys holds 114,279 shares. Harvey Invest reported 2,377 shares stake. Rhumbline Advisers holds 0.04% or 177,211 shares in its portfolio. Comerica Bancshares owns 5,662 shares. Therefore 25% are positive. The firm has "Buy" rating by RBC Capital Markets given on Monday, August 28. BidaskClub lowered shares of Arch Capital Group from a hold rating to a sell rating in a research note on Thursday, December 7th.

Taking a deeper look into the technical levels of Arch Capital Grp Ltd (ACGL), we can see that the Williams Percent Range or 14 day Williams %R now sits at -18.16. Nomura has "Neutral" rating and $70 target. The firm earned "Hold" rating on Monday, September 18 by Keefe Bruyette & Woods. The rating was upgraded by BMO Capital Markets on Monday, December 12 to "Outperform". Keefe, Bruyette & Woods reiterated a hold rating and set a $101.00 price objective on shares of Arch Capital Group in a research report on Wednesday, December 6th.

Currently, the 14-day ADX for Arch Capital Grp Ltd (ACGL) is sitting at 40.14. Also, Director Brian S. Posner bought 6,000 shares of the company's stock in a transaction that occurred on Friday, November 18th. The rating was maintained by UBS with "Buy" on Monday, October 30. The firm has "Hold" rating by Wells Fargo given on Wednesday, July 26.

Pinnacle Advisory Group Inc, which manages about $1.22B and $1.62 billion US Long portfolio, decreased its stake in Wisdomtree Tr (USDU) by 864,029 shares to 896,743 shares, valued at $23.17 million in 2017Q3, according to the filing. It also reduced its holding in Liberty Broadband A by 4,294 shares in the quarter, leaving it with 102,768 shares, and cut its stake in Smith A O Corp (NYSE:AOS).

Investors sentiment decreased to 0.91 in 2017 Q3. Its up 0.04, from 1.16 in 2017Q2. It dived, as 63 investors sold COL shares while 210 reduced holdings. 116 funds opened positions while 640 raised stakes. Principal has 1.97M shares. Paradigm Asset Mgmt Co Limited Liability Co has 12,000 shares for 0.31% of their portfolio. Hsbc Holdings Public Ltd Liability reported 2.74% in Apple Inc. It dropped, as 38 investors sold ACGL shares while 81 reduced holdings. Pictet North America Advsr Sa has 11,502 shares. Salem Investment Counselors owns 300 shares. Federated Invsts Inc Pa owns 19,000 shares. Q Global Advisors Limited reported 1,000 shares stake. 248,004 shares of the stock were exchanged.

Analysts await Noble Corporation plc (NYSE:NE) to report earnings on February, 8. The insurance provider reported ($0.79) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.59) by ($0.20). ACGL's profit will be $166.21M for 17.49 P/E if the $1.27 EPS becomes a reality. After $1.80 actual earnings per share reported by Rockwell Collins, Inc. for the previous quarter, Wall Street now forecasts -13.33% negative EPS growth. Hutchin Hill Cap LP has invested 1.18% in Rockwell Collins, Inc. (NYSE:COL) for 2,483 shares.

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