Shares of Arch Capital Group Ltd. (ACGL) Sees Large Outflow of Money

Arch Capital Group Ltd. (ACGL) : Money flow in the Arch Capital Group Ltd. (ACGL) stock was negative (1.25 million) on Tuesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $2.78 million, compared to $4.03 million on downticks. The total uptick to downtick ratio was 0.69, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($1.22 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $1.22 million, indicating persistent selling. Arch Capital Group Ltd. (ACGL) traded $0.85 higher at $80.35 gaining 1.07% over the previous days close.


Also, Equity analysts at the Brokerage firm Keefe Bruyette & Woods maintains its rating on Arch Capital Group Ltd. (NASDAQ:ACGL). The rating major has initiated the coverage with market perform rating on the shares. The Analysts at Keefe Bruyette & Woods raises the price target from $78 per share to $86 per share. The rating by the firm was issued on August 17, 2016.

Shares of Arch Capital Group Ltd. rose by 1.55% in the last five trading days and 9.93% for the last 4 weeks. Arch Capital Group Ltd. is up 10.84% in the last 3-month period. Year-to-Date the stock performance stands at 15.23%.

Arch Capital Group Ltd. (NASDAQ:ACGL): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $79.74 and $79.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $80.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $80.37, notching a gain of 1.09% for the day. The total traded volume was 497,990 . The stock had closed at $79.50 on the previous day.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP,CFO & Treasurer) of Arch Capital Group Ltd., Lyons Mark Donald had sold 8,500 shares worth of $681,360 in a transaction dated August 17, 2016. In this transaction, 8,500 shares were sold at $80.16 per share.

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.

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