Arch Capital Group (ACGL) to Release Earnings on Wednesday

Arch Capital Group (NASDAQ:ACGL) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Arch Capital Group to post earnings of $1.70 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.36. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The firm had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the prior year, the firm earned $1.92 EPS. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, analysts expect Arch Capital Group to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Arch Capital Group Price Performance

Shares of ACGL opened at $105.30 on Monday. Arch Capital Group has a fifty-two week low of $72.85 and a fifty-two week high of $116.47. The firm’s 50 day moving average price is $110.75 and its 200 day moving average price is $102.47. The company has a market cap of $39.54 billion, a P/E ratio of 8.31, a PEG ratio of 2.00 and a beta of 0.59. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.16.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday. Citigroup increased their price objective on shares of Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Keefe, Bruyette & Woods increased their price objective on shares of Arch Capital Group from $120.00 to $121.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Evercore ISI increased their price objective on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Arch Capital Group from $108.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $119.53.

Insider Activity

In other news, CFO Francois Morin sold 11,460 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $102.46, for a total value of $1,174,191.60. Following the completion of the transaction, the chief financial officer now owns 221,779 shares in the company, valued at approximately $22,723,476.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, 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.