Keefe Bruyette & Woods Maintains Arch Capital Group Ltd. to Market Perform with Price Target $78.00

Brokerage firm Keefe Bruyette & Woods Maintains its rating on Arch Capital Group Ltd.(NASDAQ:ACGL). In a research note issued to the investors, the brokerage major Raises the price-target to $78.00 per share. The shares have been rated Market Perform. The rating by Keefe Bruyette & Woods was issued on Aug 5, 2016.

In a different note, 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. On Jul 11, 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 $74.00 per share. The shares have been rated ‘Market Perform’ by the firm.

Arch Capital Group Ltd. (ACGL) shares turned negative on Wednesdays trading session with the shares closing down -0.44 points or -0.55% at a volume of 5,17,350. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $80.815. The peak price level was also seen at $80.815 while the days lowest was $78.78. Finally the shares closed at $79.84. The 52-week high of the shares is $80.97 while the 52-week low is $59.83. According to the latest information available, the market cap of the company is $9,786 M.

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 Jun 3, 2016, Mark Donald Lyons (EVP,CFO & Treasurer) sold 3,000 shares at $72.55 per share price.Also, On Jun 3, 2016, Yiorgos Lillikas (director) sold 1,570 shares at $72.21 per share price.On May 26, 2016, Constantine Iordanou (Chairman & CEO) sold 40,000 shares at $71.58 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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