Arch Capital Group (ACGL) to Release Earnings on Monday

Arch Capital Group (NASDAQ:ACGL) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $2.06 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.55. The company had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. During the same quarter in the previous year, the firm posted $2.14 EPS. On average, analysts expect Arch Capital Group to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Arch Capital Group Stock Performance

ACGL opened at $92.93 on Monday. The stock has a market cap of $34.86 billion, a P/E ratio of 8.00, a P/E/G ratio of 1.16 and a beta of 0.57. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57. The stock’s 50 day simple moving average is $89.55 and its 200 day simple moving average is $84.05. Arch Capital Group has a 1-year low of $69.05 and a 1-year high of $95.01.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, CEO Maamoun Rajeh sold 50,000 shares of Arch Capital Group stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the transaction, the chief executive officer now directly owns 336,170 shares of the company’s stock, valued at $29,408,151.60. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Maamoun Rajeh sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the sale, the chief executive officer now directly owns 336,170 shares in the company, valued at approximately $29,408,151.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Nicolas Papadopoulo sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the completion of the transaction, the insider now owns 651,931 shares of the company’s stock, valued at approximately $57,057,001.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,689 shares of company stock worth $11,872,217. 4.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Arch Capital Group

A number of institutional investors have recently added to or reduced their stakes in the company. CENTRAL TRUST Co boosted its holdings in Arch Capital Group by 57.3% in the third quarter. CENTRAL TRUST Co now owns 692 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 252 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of Arch Capital Group by 151.0% in the 1st quarter. First Horizon Advisors Inc. now owns 497 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 299 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of Arch Capital Group during the second quarter worth about $47,000. Compass Wealth Management LLC acquired a new position in Arch Capital Group in the fourth quarter worth about $50,000. Finally, Covestor Ltd increased its holdings in Arch Capital Group by 4,956.5% in the first quarter. Covestor Ltd now owns 1,163 shares of the insurance provider’s stock valued at $56,000 after buying an additional 1,140 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Ratings Changes

ACGL has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Morgan Stanley upped their price target on Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a report on Monday, March 11th. JMP Securities reiterated a “market outperform” rating and set a $100.00 target price on shares of Arch Capital Group in a report on Monday, April 15th. Finally, Wells Fargo & Company increased their target price on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $96.23.

Arch Capital Group Company Profile

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; 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.