Equities analysts expect that Arch Capital Group Ltd. (NASDAQ:ACGL) will report $1.14 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Arch Capital Group’s earnings. The highest sales estimate is $1.14 billion and the lowest is $1.13 billion. Arch Capital Group reported sales of $1.08 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.6%. The company is scheduled to announce its next earnings report on Wednesday, October 25th.

On average, analysts expect that Arch Capital Group will report full-year sales of $1.14 billion for the current financial year, with estimates ranging from $4.54 billion to $5.03 billion. For the next fiscal year, analysts expect that the firm will post sales of $4.67 billion per share, with estimates ranging from $4.61 billion to $4.73 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Arch Capital Group.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Wednesday, July 26th. The insurance provider reported $1.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.01. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.28 billion. Arch Capital Group had a net margin of 14.46% and a return on equity of 9.70%. The company’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.13 EPS.

ACGL has been the subject of several research reports. Wells Fargo & Company restated a “hold” rating on shares of Arch Capital Group in a report on Wednesday, June 14th. Morgan Stanley upped their price objective on shares of Arch Capital Group from $90.00 to $96.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $95.00 price objective on shares of Arch Capital Group in a report on Tuesday, July 4th. BidaskClub upgraded shares of Arch Capital Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, Zacks Investment Research lowered shares of Arch Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Arch Capital Group has an average rating of “Hold” and a consensus target price of $93.10.

COPYRIGHT VIOLATION NOTICE: This news story was posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/08/26/1-14-billion-in-sales-expected-for-arch-capital-group-ltd-acgl-this-quarter.html.

In related news, Director John D. Vollaro sold 10,000 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $97.31, for a total value of $973,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Constantine Iordanou sold 62,832 shares of the stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $95.02, for a total transaction of $5,970,296.64. Following the completion of the transaction, the chief executive officer now owns 108,851 shares of the company’s stock, valued at $10,343,022.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 143,598 shares of company stock valued at $13,820,641. 6.60% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in ACGL. Creative Planning raised its stake in Arch Capital Group by 0.6% in the first quarter. Creative Planning now owns 3,404 shares of the insurance provider’s stock worth $323,000 after buying an additional 19 shares in the last quarter. Capstone Asset Management Co. raised its stake in Arch Capital Group by 6.5% in the first quarter. Capstone Asset Management Co. now owns 3,298 shares of the insurance provider’s stock worth $313,000 after buying an additional 200 shares in the last quarter. DnB Asset Management AS raised its stake in Arch Capital Group by 18.9% in the first quarter. DnB Asset Management AS now owns 13,866 shares of the insurance provider’s stock worth $1,314,000 after buying an additional 2,200 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in Arch Capital Group by 5.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,272 shares of the insurance provider’s stock worth $290,000 after buying an additional 157 shares in the last quarter. Finally, Korea Investment CORP raised its stake in Arch Capital Group by 101.8% in the first quarter. Korea Investment CORP now owns 42,071 shares of the insurance provider’s stock worth $3,987,000 after buying an additional 21,226 shares in the last quarter. Institutional investors and hedge funds own 72.95% of the company’s stock.

Arch Capital Group (ACGL) opened at 97.41 on Friday. Arch Capital Group has a 52 week low of $76.47 and a 52 week high of $99.47. The company has a 50-day moving average of $96.93 and a 200-day moving average of $95.33. The firm has a market capitalization of $13.10 billion, a price-to-earnings ratio of 17.72 and a beta of 0.67.

About Arch Capital Group

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

Get a free copy of the Zacks research report on Arch Capital Group (ACGL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Arch Capital Group (NASDAQ:ACGL)

Receive News & Ratings for Arch Capital Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.