Arch Capital Group (NASDAQ:ACGL) Announces Earnings Results

Arch Capital Group (NASDAQ:ACGL) announced its quarterly earnings data on Tuesday. The insurance provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.21 by $0.36, Briefing.com reports. Arch Capital Group had a return on equity of 22.39% and a net margin of 35.19%. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the previous year, the business earned $1.92 earnings per share. The business’s revenue was up 10.3% on a year-over-year basis.

Arch Capital Group Trading Up 1.4 %

ACGL stock traded up $1.32 during midday trading on Thursday, reaching $97.10. 2,039,986 shares of the company traded hands, compared to its average volume of 1,670,529. The firm has a market capitalization of $36.46 billion, a price-to-earnings ratio of 7.57, a P/E/G ratio of 1.64 and a beta of 0.58. Arch Capital Group has a 52-week low of $72.85 and a 52-week high of $103.79. The business has a 50 day moving average of $99.32 and a 200-day moving average of $92.94. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 0.59.

Wall Street Analysts Forecast Growth

ACGL has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on Arch Capital Group from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, July 1st. Morgan Stanley lifted their price objective on shares of Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Wednesday. JMP Securities lifted their price target on shares of Arch Capital Group from $110.00 to $115.00 and gave the company a “market outperform” rating in a report on Wednesday. Finally, Bank of America decreased their price target on shares of Arch Capital Group from $119.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday, July 11th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.53.

Insider Transactions at Arch Capital Group

In related news, CEO David Gansberg sold 10,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $96.64, for a total transaction of $966,400.00. Following the sale, the chief executive officer now owns 228,035 shares in the company, valued at approximately $22,037,302.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.20% of the company’s stock.

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.