Arch Capital Group (ACGL) to Release Earnings on Wednesday

Arch Capital Group (NASDAQ:ACGL) is set to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Arch Capital Group to post earnings of $1.70 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.36. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The company had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the previous year, the company earned $1.92 earnings per share. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, analysts expect Arch Capital Group to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Arch Capital Group Stock Down 1.6 %

ACGL opened at $105.30 on Monday. The company has a fifty day moving average of $110.75 and a two-hundred day moving average of $102.47. Arch Capital Group has a fifty-two week low of $72.85 and a fifty-two week high of $116.47. The stock has a market capitalization of $39.54 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 2.00 and a beta of 0.59. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.60 and a current ratio of 0.60.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ACGL shares. Keefe, Bruyette & Woods lifted their target price on shares of Arch Capital Group from $120.00 to $121.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Roth Mkm lifted their target price on shares of Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Barclays started coverage on shares of Arch Capital Group in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 target price on the stock. Citigroup lifted their target price on shares of Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Arch Capital Group from $108.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Arch Capital Group currently has a consensus rating of “Moderate Buy” and an average target price of $119.53.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $102.46, for a total value of $1,174,191.60. Following the transaction, the chief financial officer now directly owns 221,779 shares in the company, valued at $22,723,476.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.20% of the stock is currently owned by company insiders.

About Arch Capital Group

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.