Arch Capital Group (ACGL) Set to Announce Earnings on Monday

Arch Capital Group (NASDAQ:ACGL) is scheduled to be posting its quarterly earnings results after the market closes on Monday, April 29th. Analysts expect Arch Capital Group to post earnings of $2.06 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.55. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same quarter last year, the firm posted $2.14 earnings per share. On average, analysts expect Arch Capital Group to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Arch Capital Group Stock Performance

ACGL stock opened at $90.90 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.17. The business’s fifty day simple moving average is $90.34 and its two-hundred day simple moving average is $84.40. Arch Capital Group has a twelve month low of $69.05 and a twelve month high of $95.01. The firm has a market cap of $34.10 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 1.16 and a beta of 0.57.

Insider Activity at Arch Capital Group

In related news, insider Nicolas Papadopoulo sold 60,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the transaction, the insider now directly owns 651,931 shares of the company’s stock, valued at approximately $57,057,001.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Arch Capital Group news, CFO Francois Morin sold 25,689 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total value of $2,247,016.83. Following the sale, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at $19,399,009.13. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nicolas Papadopoulo sold 60,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the completion of the sale, the insider now directly owns 651,931 shares in the company, valued at $57,057,001.12. The disclosure for this sale can be found here. Insiders have sold a total of 135,689 shares of company stock valued at $11,872,217 in the last ninety days. Company insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. TD Cowen assumed coverage on Arch Capital Group in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $96.00 target price on the stock. JMP Securities restated a “market outperform” rating and set a $100.00 price objective on shares of Arch Capital Group in a report on Monday, April 15th. Morgan Stanley lifted their target price on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Wells Fargo & Company lifted their target price on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, UBS Group decreased their target price on Arch Capital Group from $101.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, January 10th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Arch Capital Group presently has a consensus rating of “Moderate Buy” and an average target price of $96.23.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.