Zacks: Brokerages Expect Arch Capital Group Ltd. (NASDAQ:ACGL) Will Post Quarterly Sales of $2.40 Billion

Equities analysts expect Arch Capital Group Ltd. (NASDAQ:ACGLGet Rating) to report sales of $2.40 billion for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Arch Capital Group’s earnings, with the highest sales estimate coming in at $2.42 billion and the lowest estimate coming in at $2.38 billion. Arch Capital Group reported sales of $2.24 billion in the same quarter last year, which would suggest a positive year over year growth rate of 7.1%. The company is expected to report its next earnings report on Monday, January 1st.

On average, analysts expect that Arch Capital Group will report full-year sales of $9.53 billion for the current year, with estimates ranging from $9.42 billion to $9.64 billion. For the next fiscal year, analysts expect that the firm will report sales of $10.97 billion, with estimates ranging from $10.92 billion to $11.03 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Arch Capital Group.

Arch Capital Group (NASDAQ:ACGLGet Rating) last released its quarterly earnings results on Wednesday, April 27th. The insurance provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.03). Arch Capital Group had a net margin of 21.45% and a return on equity of 13.18%. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter last year, the company earned $0.59 earnings per share.

A number of brokerages have recently weighed in on ACGL. JMP Securities lifted their price target on shares of Arch Capital Group from $50.00 to $55.00 in a research report on Thursday, February 10th. Royal Bank of Canada lifted their price target on shares of Arch Capital Group from $49.00 to $57.00 in a research report on Friday, February 11th. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Tuesday, April 12th. Morgan Stanley dropped their price objective on shares of Arch Capital Group from $53.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, MKM Partners raised their price objective on shares of Arch Capital Group from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 10th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $53.00.

NASDAQ:ACGL opened at $47.07 on Friday. Arch Capital Group has a 12-month low of $36.53 and a 12-month high of $50.73. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $17.68 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 1.05 and a beta of 0.83. The firm has a 50-day moving average price of $47.12 and a 200 day moving average price of $45.68.

In other Arch Capital Group news, Director Brian S. Posner acquired 2,000 shares of the business’s stock in a transaction on Friday, April 29th. The stock was purchased 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Francois Morin sold 12,351 shares of the business’s stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of $46.36, for a total transaction of $572,592.36. The disclosure for this sale can be found here. Insiders own 4.20% of the company’s stock.

Several large investors have recently modified their holdings of the company. Baker Tilly Wealth Management LLC increased its position in Arch Capital Group by 3.7% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 5,977 shares of the insurance provider’s stock worth $266,000 after purchasing an additional 216 shares in the last quarter. Cordasco Financial Network increased its position in Arch Capital Group by 25.4% during the 3rd quarter. Cordasco Financial Network now owns 1,234 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 250 shares in the last quarter. Moloney Securities Asset Management LLC increased its position in Arch Capital Group by 2.7% during the 4th quarter. Moloney Securities Asset Management LLC now owns 9,626 shares of the insurance provider’s stock worth $428,000 after purchasing an additional 255 shares in the last quarter. Quantamental Technologies LLC increased its position in Arch Capital Group by 5.8% during the 1st quarter. Quantamental Technologies LLC now owns 4,919 shares of the insurance provider’s stock worth $238,000 after purchasing an additional 268 shares in the last quarter. Finally, Xponance Inc. increased its position in Arch Capital Group by 2.2% during the 1st quarter. Xponance Inc. now owns 13,610 shares of the insurance provider’s stock worth $659,000 after purchasing an additional 292 shares in the last quarter. Institutional investors own 88.16% of the company’s stock.

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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