Arch Capital Group (ACGL) Set to Announce Earnings on Monday

Arch Capital Group (NASDAQ:ACGL) will be releasing its earnings data after the market closes on Monday, April 29th. Analysts expect Arch Capital Group to post earnings of $2.06 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.55. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same period in the prior year, the company earned $2.14 earnings per share. 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 Price Performance

Shares of NASDAQ ACGL opened at $90.90 on Friday. The stock has a fifty day simple moving average of $90.34 and a two-hundred day simple moving average of $84.40. Arch Capital Group has a 1-year low of $69.05 and a 1-year high of $95.01. The firm has a market cap of $34.10 billion, a price-to-earnings ratio of 7.82, a price-to-earnings-growth ratio of 1.16 and a beta of 0.57. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17.

Insider Buying and Selling

In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of Arch Capital Group stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the completion of the sale, the insider now owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of Arch Capital Group stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the completion of the sale, the insider now owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Francois Morin sold 25,689 shares of Arch Capital Group stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.47, for a total value of $2,247,016.83. Following the sale, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at approximately $19,399,009.13. The disclosure for this sale can be found here. Insiders sold a total of 135,689 shares of company stock worth $11,872,217 over the last ninety days. 4.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Morgan Stanley raised 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $98.00 price target on shares of Arch Capital Group in a report on Friday, February 16th. Wells Fargo & Company raised their price target on Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Evercore ISI raised their price target on Arch Capital Group from $92.00 to $100.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. Finally, TD Cowen assumed coverage on Arch Capital Group in a report on Wednesday, January 10th. They issued an “outperform” rating and a $96.00 price target for the company. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $96.23.

About Arch Capital Group

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.