Arch Capital Group Ltd.(NASDAQ:ACGL) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 13, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $968.855M. Analysts estimated a revenue of $874.440M. The revenues were 10.8% above the estimates. Earnings per share were $1.13. The reported EPS was above estimates by 16.49%. Analysts had estimated an EPS of $0.97.
In a different note, On Dec 12, 2016, BMO Capital said it Upgrades its rating on Arch Capital Group Ltd.. In the research note, the firm Announces the price-target to $99 per share. The shares have been rated ‘Outperform’ by the firm.
Arch Capital Group Ltd. (ACGL) made into the market gainers list on Wednesdays trading session with the shares advancing 0.56% or 0.52 points. Due to strong positive momentum, the stock ended at $94.17, which is also near the day’s high of $94.49. The stock began the session at $93.41 and the volume stood at 2,21,613 shares. The 52-week high of the shares is $94.49 and the 52 week low is $65.15. The company has a current market capitalization of $11,554 M and it has 12,26,94,041 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Dec 19, 2016, Mark Donald Lyons (EVP,CFO & Treasurer) sold 3,500 shares at $87.13 per share price.Also, On Dec 14, 2016, Constantine Iordanou (Chairman & CEO) sold 50,000 shares at $87.24 per share price.On Nov 21, 2016, Brian S Posner (director) purchased 6,000 shares at $21.88 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.