Arch Capital Group (NASDAQ:ACGL) Posts Quarterly Earnings Results, Beats Estimates By $0.36 EPS

Arch Capital Group (NASDAQ:ACGL) posted its earnings results on Monday. The insurance provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.36, Zacks reports. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same quarter in the prior year, the company posted $2.45 earnings per share.

Arch Capital Group Trading Down 2.0 %

Shares of NASDAQ:ACGL opened at $89.60 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average of $93.09 and a 200-day moving average of $101.15. Arch Capital Group has a 12-month low of $82.75 and a 12-month high of $116.47. The stock has a market cap of $33.71 billion, a PE ratio of 6.01, a P/E/G ratio of 1.53 and a beta of 0.64.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ACGL shares. Keefe, Bruyette & Woods lowered their price target on shares of Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, January 10th. BMO Capital Markets raised their price objective on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a report on Wednesday, November 6th. Royal Bank of Canada lowered their price objective on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, November 1st. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Barclays reduced their price objective on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Arch Capital Group presently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

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.