Zacks Research Has Negative Outlook of ACGL FY2024 Earnings

Arch Capital Group Ltd. (NASDAQ:ACGL) – Stock analysts at Zacks Research reduced their FY2024 earnings estimates for Arch Capital Group in a research note issued to investors on Wednesday, November 13th. Zacks Research analyst T. De now expects that the insurance provider will earn $9.00 per share for the year, down from their prior estimate of $9.01. The consensus estimate for Arch Capital Group’s current full-year earnings is $9.01 per share. Zacks Research also issued estimates for Arch Capital Group’s Q4 2024 earnings at $1.99 EPS, Q1 2025 earnings at $2.37 EPS, Q2 2025 earnings at $2.44 EPS, FY2025 earnings at $9.11 EPS, Q1 2026 earnings at $2.57 EPS and FY2026 earnings at $9.73 EPS.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping the consensus estimate of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The company had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the firm earned $2.31 earnings per share.

Several other brokerages have also commented on ACGL. Royal Bank of Canada reduced their price objective on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Barclays assumed coverage on Arch Capital Group in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 price objective for the company. Citigroup boosted their price target on Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. boosted their target price on Arch Capital Group from $108.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Finally, Evercore ISI raised their target price on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $118.94.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $101.83 on Monday. Arch Capital Group has a fifty-two week low of $72.85 and a fifty-two week high of $116.47. The firm’s fifty day moving average price is $108.03 and its 200-day moving average price is $103.36. The stock has a market cap of $38.31 billion, a P/E ratio of 6.83, a price-to-earnings-growth ratio of 1.47 and a beta of 0.61. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58.

Institutional Trading of Arch Capital Group

A number of institutional investors have recently made changes to their positions in ACGL. Farther Finance Advisors LLC lifted its holdings in shares of Arch Capital Group by 12.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock valued at $100,000 after buying an additional 101 shares during the period. Fiduciary Financial Group LLC increased its position in shares of Arch Capital Group by 2.8% during the 3rd quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider’s stock valued at $415,000 after purchasing an additional 103 shares during the last quarter. Baldwin Brothers LLC MA lifted its stake in shares of Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 104 shares during the period. Fidelis Capital Partners LLC boosted its holdings in shares of Arch Capital Group by 3.1% in the second quarter. Fidelis Capital Partners LLC now owns 3,553 shares of the insurance provider’s stock worth $344,000 after buying an additional 106 shares during the last quarter. Finally, KG&L Capital Management LLC grew its position in Arch Capital Group by 1.1% during the third quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock valued at $1,214,000 after buying an additional 115 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Announces Dividend

The firm also recently announced a special dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be given a $5.00 dividend. The ex-dividend date of this dividend is Monday, November 18th.

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.