Arch Capital Group (NASDAQ:ACGL) Announces Quarterly Earnings Results

Arch Capital Group (NASDAQ:ACGL) announced its earnings results on Monday. The insurance provider reported $2.45 EPS for the quarter, topping the consensus estimate of $2.06 by $0.39, Yahoo Finance reports. The firm had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.77 billion. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.73 EPS.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $91.25 on Tuesday. Arch Capital Group has a one year low of $69.05 and a one year high of $95.01. The firm has a market capitalization of $34.23 billion, a price-to-earnings ratio of 7.85, a PEG ratio of 1.13 and a beta of 0.57. The business has a 50-day simple moving average of $90.44 and a 200 day simple moving average of $84.49. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57.

Insider Activity at Arch Capital Group

In related news, CEO Maamoun Rajeh sold 50,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total value of $4,374,000.00. Following the completion of the sale, the chief executive officer now directly owns 336,170 shares of the company’s stock, valued at approximately $29,408,151.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was 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 of the company’s stock, valued at approximately $57,057,001.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Maamoun Rajeh sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total value of $4,374,000.00. Following the sale, the chief executive officer now directly owns 336,170 shares of the company’s stock, valued at $29,408,151.60. The disclosure for this sale can be found here. Insiders sold 135,689 shares of company stock valued at $11,872,217 in the last three months. Corporate insiders own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ACGL. JPMorgan Chase & Co. lifted their target price on Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Citigroup cut their target price on Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating on the stock in a report on Monday, January 22nd. Evercore ISI lifted their target price on Arch Capital Group from $92.00 to $100.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Finally, Wells Fargo & Company boosted their price objective on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Arch Capital Group currently has a consensus rating of “Moderate Buy” and a consensus 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.