Arch Capital Group Ltd. (ACGL) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 87 from a previous price target of $80 . RBC Capital Mkts advised their investors in a research report released on Aug 17, 2016.
On the company’s financial health, Arch Capital Group Ltd. reported $1.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.97.Analysts expectations of $ 971.29.During the same quarter in the previous year, the company posted $1.16 EPS.
Arch Capital Group Ltd. opened for trading at $74.66 and hit $77.26 on the upside on Monday, eventually ending the session at $77.09, with a gain of 3.08% or 2.3 points. The heightened volatility saw the trading volume jump to 12,01,485 shares. Company has a market cap of $9,449 M.
In a different news, on Jun 3, 2016, Mark Donald Lyons (EVP,CFO & Treasurer) sold 3,000 shares at $72.55 per share price. According to the SEC, 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 segments 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 segments 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 Companys 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.