Analysts Expect Arch Capital Group Ltd. (NASDAQ:ACGL) Will Announce Quarterly Sales of $2.44 Billion

Equities analysts predict that Arch Capital Group Ltd. (NASDAQ:ACGLGet Rating) will announce $2.44 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Arch Capital Group’s earnings. The highest sales estimate is $2.46 billion and the lowest is $2.42 billion. Arch Capital Group reported sales of $2.24 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 8.9%. The company is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that Arch Capital Group will report full-year sales of $9.70 billion for the current financial year, with estimates ranging from $9.52 billion to $9.88 billion. For the next financial year, analysts anticipate that the company will report sales of $11.14 billion, with estimates ranging from $11.05 billion to $11.22 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Arch Capital Group.

Arch Capital Group (NASDAQ:ACGLGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The insurance provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.04. Arch Capital Group had a net margin of 21.45% and a return on equity of 12.96%. During the same period in the prior year, the company earned $0.59 EPS.

A number of equities analysts have commented on the stock. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 12th. Morgan Stanley lifted 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 note on Monday, February 14th. Royal Bank of Canada lifted their target price on shares of Arch Capital Group from $49.00 to $57.00 in a research note on Friday, February 11th. JMP Securities lifted their target price on shares of Arch Capital Group from $50.00 to $55.00 in a research note on Thursday, February 10th. Finally, MKM Partners lifted their target price on shares of Arch Capital Group from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 10th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $53.33.

In related news, CFO Francois Morin sold 12,351 shares of Arch Capital Group 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian S. Posner acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, April 29th. The stock was acquired at an average price of $19.23 per share, with a total value of $38,460.00. Following the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $38,460. The disclosure for this purchase can be found here. 4.20% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Dark Forest Capital Management LP acquired a new position in Arch Capital Group during the 3rd quarter worth approximately $25,000. CVA Family Office LLC acquired a new position in Arch Capital Group during the 4th quarter worth approximately $26,000. Riverview Trust Co acquired a new position in Arch Capital Group during the 1st quarter worth approximately $27,000. CWM LLC acquired a new position in Arch Capital Group during the 4th quarter worth approximately $34,000. Finally, Signaturefd LLC grew its holdings in Arch Capital Group by 59.8% during the 4th quarter. Signaturefd LLC now owns 866 shares of the insurance provider’s stock worth $38,000 after acquiring an additional 324 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

NASDAQ:ACGL opened at $46.45 on Friday. The company’s 50-day moving average price is $47.11 and its 200-day moving average price is $45.34. 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 company has a market cap of $17.61 billion, a P/E ratio of 9.95, a P/E/G ratio of 1.05 and a beta of 0.83. Arch Capital Group has a twelve month low of $36.53 and a twelve month high of $50.73.

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.

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