Barclays Downgrades Arch Capital Group Ltd. to Equal-weight

Brokerage firm Barclays Downgrades its rating on Arch Capital Group Ltd.(NASDAQ:ACGL). The shares have been rated Equal-weight. Previously, the analysts had a Overweight rating on the shares. The rating by Barclays was issued on Sep 15, 2016.

In a different note, On Sep 7, 2016, Goldman Sachs said it Upgrades its rating on Arch Capital Group Ltd.. In the research note, the firm Raises the price-target to $66.00 per share. The shares have been rated ‘Neutral’ by the firm. On Sep 6, 2016, UBS said it Upgrades its rating on Arch Capital Group Ltd.. In the research note, the firm Raises the price-target to $73.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 30, 2016, MKM Partners said it Maintains its rating on Arch Capital Group Ltd.. In the research note, the firm Raises the price-target to $85.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 17, 2016, Keefe Bruyette & Woods said it Maintains its rating on Arch Capital Group Ltd.. In the research note, the firm Raises the price-target to $78.00 per share. The shares have been rated ‘Market Perform’ by the firm. On Aug 5, 2016, Keefe Bruyette & Woods said it Maintains its rating on Arch Capital Group Ltd.. In the research note, the firm Raises the price-target to $76.00 per share. The shares have been rated ‘Market Perform’ by the firm. On Jul 29, 2016, Deutsche Bank said it Maintains its rating on Arch Capital Group Ltd.. In the research note, the firm Raises the price-target to $72.00 per share. The shares have been rated ‘Hold’ by the firm.

Arch Capital Group Ltd. (ACGL) made into the market gainers list on Tuesdays trading session with the shares advancing 0.63% or 0.51 points. Due to strong positive momentum, the stock ended at $80.98, which is also near the day’s high of $81.01. The stock began the session at $80.91 and the volume stood at 3,10,161 shares. The 52-week high of the shares is $83.61 and the 52 week low is $59.83. The company has a current market capitalization of $9,926 M and it has 12,25,72,026 shares in outstanding.

Arch Capital Group Ltd.(ACGL) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.00B. Analysts had an estimated revenue of $975.02M. Earnings per share were $1.13. Analysts had estimated an EPS of $0.98.

Several Insider Transactions has been reported to the SEC. On Sep 1, 2016, Mark Donald Lyons (EVP,CFO & Treasurer) sold 4,812 shares at $80.34 per share price.Also, On Aug 31, 2016, Constantine Iordanou (Chairman & CEO) sold 50,000 shares at $79.50 per share price.On Aug 24, 2016, Louis T Petrillo (Officer of Subsidiary) sold 8,635 shares at $79.42 per share price, according to the Form-4 filing with the securities and exchange commission.

Arch Capital Group Ltd. (ACGL) writes insurance and reinsurance on an around the world basis. The Company operates in two underwriting segments: insurance and reinsurance and mortgage. 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 (consisting of alternative markets excess workers’ compensation and surety business). The reinsurance segment’s product lines include casualty; marine and aviation; other specialty; property catastrophe; property excluding property catastrophe and other (consisting of life reinsurance casualty clash and other). The mortgage segment consists of the Company’s mortgage insurance and reinsurance business and includes the results of Arch MI U.S. which provides mortgage insurance to banks and other lenders across the nation including existing credit union customers.

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