Arch Capital Group (ACGL) to Release Quarterly Earnings on Tuesday
Arch Capital Group (NASDAQ:ACGL) will be announcing its Q313 earnings results on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.62 per share and revenue of $788.44 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
Shares of Arch Capital Group (NASDAQ:ACGL) opened at 57.492 on Monday. Arch Capital Group has a one year low of $40.77 and a one year high of $55.87. The stock’s 50-day moving average is $53.64 and its 200-day moving average is $52.51. The company has a market cap of $7.671 billion and a price-to-earnings ratio of 12.73.
A number of research firms have recently commented on ACGL. Analysts at Zacks upgraded shares of Arch Capital Group from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, October 2nd. They now have a $57.90 price target on the stock. On a related note, analysts at Wells Fargo & Co. downgraded shares of Arch Capital Group from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, September 12th. Finally, analysts at Keefe, Bruyette & Woods downgraded shares of Arch Capital Group from a “market perform” rating to an “underperform” rating in a research note to investors on Monday, August 12th. They now have a $46.00 price target on the stock, down previously from $52.00. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. Arch Capital Group has an average rating of “Hold” and a consensus price target of $54.21.
Arch Capital Group Ltd. (NASDAQ:ACGL) writes insurance and reinsurance on a worldwide basis.
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