Arch Capital Group (ACGL) Announces Quarterly Results
Arch Capital Group (NASDAQ:ACGL) issued its quarterly earnings data on Wednesday. The company reported $1.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.96 by $0.16, AnalystRatings.Net reports. The company had revenue of $923.00 million for the quarter, compared to the consensus estimate of $882.00 million. During the same quarter in the prior year, the company posted ($0.18) earnings per share.
Arch Capital Group (NASDAQ:ACGL) opened at 54.24 on Wednesday. Arch Capital Group has a 52 week low of $47.42 and a 52 week high of $59.78. The stock has a 50-day moving average of $55.16 and a 200-day moving average of $55.66. The company has a market cap of $7.243 billion and a P/E ratio of 13.34.
On the ratings front, analysts at Zacks downgraded shares of Arch Capital Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, January 2nd. They now have a $61.90 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $57.11.
Arch Capital Group Ltd. (NASDAQ:ACGL) writes insurance and reinsurance on a worldwide basis.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.