Arch Capital Group (NASDAQ:ACGL – Get Rating) is scheduled to be releasing its earnings data after the market closes on Wednesday, April 27th. Analysts expect Arch Capital Group to post earnings of $1.18 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 – Get Rating) last issued its earnings results on Wednesday, February 9th. The insurance provider reported $1.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.25. Arch Capital Group had a net margin of 23.32% and a return on equity of 11.51%. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter last year, the company posted $0.56 earnings per share. On average, analysts expect Arch Capital Group to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of ACGL stock opened at $48.92 on Wednesday. Arch Capital Group has a 12-month low of $36.53 and a 12-month high of $49.51. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.22. The firm’s 50 day moving average is $47.06 and its 200 day moving average is $44.84. The stock has a market capitalization of $18.54 billion, a P/E ratio of 9.34, a P/E/G ratio of 1.10 and a beta of 0.85.
Hedge funds have recently made changes to their positions in the business. Penserra Capital Management LLC boosted its stake in shares of Arch Capital Group by 21.1% in the fourth quarter. Penserra Capital Management LLC now owns 1,717 shares of the insurance provider’s stock valued at $76,000 after purchasing an additional 299 shares during the period. William Blair Investment Management LLC increased its holdings in shares of Arch Capital Group by 15.5% in the 4th quarter. William Blair Investment Management LLC now owns 11,362 shares of the insurance provider’s stock valued at $505,000 after acquiring an additional 1,521 shares during the period. Toroso Investments LLC increased its holdings in shares of Arch Capital Group by 19.9% in the 4th quarter. Toroso Investments LLC now owns 12,632 shares of the insurance provider’s stock valued at $561,000 after acquiring an additional 2,095 shares during the period. Canada Pension Plan Investment Board grew its position in Arch Capital Group by 1,165.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 3,632 shares of the insurance provider’s stock valued at $162,000 after buying an additional 3,345 shares during the last quarter. Finally, JustInvest LLC boosted its position in shares of Arch Capital Group by 63.1% during the 4th quarter. JustInvest LLC now owns 9,217 shares of the insurance provider’s stock worth $410,000 after purchasing an additional 3,566 shares in the last quarter. 90.46% of the stock is owned by institutional investors.
Several brokerages recently issued reports on ACGL. Barclays raised their target price on shares of Arch Capital Group from $50.00 to $51.00 and gave the stock an “overweight” rating in a report on Thursday, January 6th. JMP Securities raised their price objective on shares of Arch Capital Group from $50.00 to $55.00 in a research report on Thursday, February 10th. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Tuesday, April 12th. Morgan Stanley lifted their price target on shares of Arch Capital Group from $52.00 to $53.00 and gave the company an “equal weight” rating in a report on Monday, February 14th. Finally, UBS Group lifted their price target on shares of Arch Capital Group from $49.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, January 12th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $53.33.
Arch Capital Group Company Profile (Get Rating)
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; collateral protection, debt cancellation, and service contract reimbursement products; 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.
- Get a free copy of the StockNews.com research report on Arch Capital Group (ACGL)
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