Arch Capital Group (NASDAQ:ACGL) Issues Earnings Results, Beats Expectations By $0.36 EPS

Arch Capital Group (NASDAQ:ACGL – Get Free Report) issued its quarterly earnings data on Tuesday. The insurance provider reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.36, FiscalAI reports. The firm had revenue of $4.66 billion during the quarter, compared to analyst estimates of $4.06 billion. Arch Capital Group had a return on equity of 17.06% and a net margin of 24.40%.

Arch Capital Group Stock Performance

ACGL stock traded down $2.00 during trading on Tuesday, reaching $100.34. The stock had a trading volume of 1,840,279 shares, compared to its average volume of 2,350,906. Arch Capital Group has a 52 week low of $82.44 and a 52 week high of $107.08. The stock’s 50 day moving average is $97.57 and its two-hundred day moving average is $96.60. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.23. The firm has a market cap of $34.24 billion, a PE ratio of 7.85, a PEG ratio of 3.06 and a beta of 0.28.

Wall Street Analyst Weigh In

ACGL has been the subject of a number of research reports. Keefe, Bruyette & Woods cut their target price on shares of Arch Capital Group from $99.00 to $95.00 and set a “market perform” rating for the company in a research report on Monday, October 12th. Citigroup restated a “market outperform” rating on shares of Arch Capital Group in a research report on Wednesday, July 29th. Cantor Fitzgerald reduced their price target on Arch Capital Group from $110.00 to $105.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Morgan Stanley set a $100.00 price target on shares of Arch Capital Group and gave the company an “equal weight” rating in a research report on Tuesday, October 13th. Finally, UBS Group restated a “buy” rating and set a $120.00 target price (up from $114.00) on shares of Arch Capital Group in a report on Wednesday, July 8th. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $108.39.

Read Our Latest Stock Analysis on Arch Capital Group

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,010 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $99.32, for a total transaction of $1,093,513.20. Following the completion of the sale, the chief financial officer directly owned 184,826 shares in the company, valued at $18,356,918.32. The trade was a 5.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.30% of the company’s stock.

Arch Capital Group Company Profile

(Get Free Report)

Arch Capital Group Ltd. is a Bermuda-based insurance, reinsurance and mortgage insurance company whose shares trade on the Nasdaq under the symbol ACGL. The company was established in 1995 and has developed into a global provider of specialty risk-management products and services.

Through its insurance operations, Arch offers property, casualty, specialty, and accident and health coverage to businesses and other policyholders. Its reinsurance operations provide coverage and risk-transfer solutions to insurance companies across a range of property and casualty lines.

See Also

Earnings History for Arch Capital Group (NASDAQ:ACGL)

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