Arch Capital Group (NASDAQ:ACGL) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Arch Capital Group (NASDAQ:ACGLGet Rating) posted its quarterly earnings data on Wednesday. The insurance provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.04, MarketWatch Earnings reports. Arch Capital Group had a return on equity of 12.96% and a net margin of 21.45%. During the same quarter in the previous year, the company earned $0.59 earnings per share.

Shares of NASDAQ:ACGL traded down $1.09 on Friday, hitting $45.67. The company had a trading volume of 2,127,009 shares, compared to its average volume of 2,168,679. Arch Capital Group has a 1-year low of $36.53 and a 1-year high of $50.73. The stock has a market cap of $17.31 billion, a price-to-earnings ratio of 9.78, a P/E/G ratio of 1.08 and a beta of 0.85. The stock has a 50 day moving average price of $47.12 and a 200 day moving average price of $45.23. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.22.

ACGL has been the subject of a number of analyst reports. Barclays raised their price target on Arch Capital Group from $50.00 to $51.00 and gave the company an “overweight” rating in a research note on Thursday, January 6th. Morgan Stanley boosted their target price on shares of Arch Capital Group from $52.00 to $53.00 and gave the stock an “equal weight” rating in a report on Monday, February 14th. Wells Fargo & Company boosted their target price on shares of Arch Capital Group from $49.00 to $51.00 and gave the stock an “overweight” rating in a report on Tuesday, January 4th. UBS Group boosted their target price on shares of Arch Capital Group from $49.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, January 12th. Finally, JMP Securities boosted their target price on shares of Arch Capital Group from $50.00 to $55.00 in a report on Thursday, February 10th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $53.33.

In other Arch Capital Group news, CFO Francois Morin sold 12,351 shares of the company’s stock in a transaction on Monday, March 14th. The shares were sold at an average price of $46.36, for a total value of $572,592.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.20% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in ACGL. JustInvest LLC boosted its position in shares of Arch Capital Group by 63.1% in the fourth quarter. JustInvest LLC now owns 9,217 shares of the insurance provider’s stock valued at $410,000 after acquiring an additional 3,566 shares during the period. Vident Investment Advisory LLC bought a new stake in shares of Arch Capital Group in the fourth quarter valued at about $347,000. William Blair Investment Management LLC boosted its position in shares of Arch Capital Group by 15.5% in the fourth 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. Forum Financial Management LP bought a new stake in shares of Arch Capital Group in the fourth quarter valued at about $410,000. Finally, Virtu Financial LLC bought a new stake in shares of Arch Capital Group in the fourth quarter valued at about $249,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

About Arch Capital Group (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.

See Also

Earnings History for Arch Capital Group (NASDAQ:ACGL)

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