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

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

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data 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 business had revenue of $3.98 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $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 Stock Performance

Shares of NASDAQ ACGL opened at $90.90 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17. The stock has a 50 day simple moving average of $90.34 and a 200-day simple moving average of $84.42. The company has a market cap of $34.10 billion, a PE ratio of 7.82, a P/E/G ratio of 1.16 and a beta of 0.57. Arch Capital Group has a 12-month low of $69.05 and a 12-month high of $95.01.

Insider Activity

In other news, CFO Francois Morin sold 25,689 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the completion of the sale, the chief financial officer now owns 221,779 shares in the company, valued at approximately $19,399,009.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Francois Morin sold 25,689 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the completion of the sale, the chief financial officer now owns 221,779 shares in the company, valued at approximately $19,399,009.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nicolas Papadopoulo sold 60,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the sale, the insider now directly owns 651,931 shares in the company, valued at $57,057,001.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,689 shares of company stock worth $11,872,217. Insiders own 4.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Morgan Stanley boosted their price objective on Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. upped their target price on Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. JMP Securities restated a “market outperform” rating and issued a $100.00 target price on shares of Arch Capital Group in a research report on Monday, April 15th. TD Cowen assumed coverage on Arch Capital Group in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $96.00 target price for the company. Finally, Wells Fargo & Company upped their target price on Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. 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 stock has a consensus rating of “Moderate Buy” and an average price target 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.