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

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

Shares of NASDAQ:ACGL opened at $45.67 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.22. Arch Capital Group has a 52-week low of $36.53 and a 52-week high of $50.73. The company has a 50 day moving average of $47.12 and a two-hundred day moving average of $45.23. The company has a market capitalization of $17.31 billion, a price-to-earnings ratio of 9.78, a price-to-earnings-growth ratio of 1.08 and a beta of 0.85.

In other Arch Capital Group news, CFO Francois Morin sold 12,351 shares of the stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of $46.36, for a total value of $572,592.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.20% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC boosted its stake in shares of Arch Capital Group by 21.1% during the 4th quarter. Penserra Capital Management LLC now owns 1,717 shares of the insurance provider’s stock valued at $76,000 after buying an additional 299 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Arch Capital Group by 1,165.5% during 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. Virtu Financial LLC purchased a new position in shares of Arch Capital Group during the 4th quarter valued at approximately $249,000. Vident Investment Advisory LLC purchased a new position in shares of Arch Capital Group during the 4th quarter valued at approximately $347,000. Finally, Forum Financial Management LP purchased a new position in shares of Arch Capital Group during the 4th quarter valued at approximately $410,000. Institutional investors own 90.46% of the company’s stock.

A number of analysts recently issued reports on ACGL shares. Barclays increased their target price on shares of Arch Capital Group from $50.00 to $51.00 and gave the stock an “overweight” rating in a research report on Thursday, January 6th. Royal Bank of Canada increased their target price on shares of Arch Capital Group from $49.00 to $57.00 in a research report on Friday, February 11th. 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 increased 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 research report on Monday, February 14th. Finally, UBS Group increased their target price on shares of Arch Capital Group from $49.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, January 12th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Arch Capital Group currently has an average rating of “Buy” and a consensus target price of $53.33.

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.

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Earnings History for Arch Capital Group (NASDAQ:ACGL)

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