Arch Capital Group Ltd. (NASDAQ:ACGL) – Equities researchers at Langen Mcalenn issued their Q4 2017 earnings estimates for Arch Capital Group in a research report issued to clients and investors on Wednesday. Langen Mcalenn analyst R. Glasspiegel expects that the insurance provider will post earnings per share of $1.51 for the quarter. Langen Mcalenn also issued estimates for Arch Capital Group’s Q1 2018 earnings at $1.48 EPS, Q2 2018 earnings at $1.48 EPS, Q3 2018 earnings at $1.31 EPS and Q4 2018 earnings at $1.53 EPS.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.59) by ($0.20). The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.16 billion. Arch Capital Group had a net margin of 9.44% and a return on equity of 5.70%. The business’s revenue was up 30.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.14 EPS. WARNING: This piece of content was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright legislation. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/30/q4-2017-earnings-estimate-for-arch-capital-group-ltd-issued-by-langen-mcalenn-acgl.html.

Other equities analysts have also recently issued research reports about the stock. UBS AG cut their target price on shares of Arch Capital Group from $114.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, September 19th. Buckingham Research initiated coverage on shares of Arch Capital Group in a report on Monday, September 11th. They issued a “buy” rating and a $106.00 target price on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $113.00 target price on shares of Arch Capital Group in a report on Friday. Barclays PLC raised their target price on shares of Arch Capital Group from $91.00 to $95.00 and gave the stock an “equal weight” rating in a report on Monday, October 16th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $100.00 target price on shares of Arch Capital Group in a report on Thursday, September 21st. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $100.70.

Arch Capital Group (ACGL) opened at 99.71 on Monday. The company has a 50-day moving average price of $98.92 and a 200 day moving average price of $96.64. Arch Capital Group has a 12 month low of $76.55 and a 12 month high of $102.60. The firm has a market cap of $13.41 billion, a PE ratio of 18.14 and a beta of 0.66.

In other news, SVP W Preston Hutchings sold 12,500 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $96.81, for a total transaction of $1,210,125.00. Following the sale, the senior vice president now owns 39,411 shares of the company’s stock, valued at $3,815,378.91. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Nicolas Papadopoulo sold 80,694 shares of Arch Capital Group stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $93.80, for a total value of $7,569,097.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 195,579 shares of company stock worth $18,756,983. Corporate insiders own 6.60% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its holdings in shares of Arch Capital Group by 0.4% during the second quarter. Parallel Advisors LLC now owns 1,356 shares of the insurance provider’s stock valued at $132,000 after buying an additional 6 shares during the last quarter. Capital One National Association raised its holdings in shares of Arch Capital Group by 0.3% during the second quarter. Capital One National Association now owns 2,263 shares of the insurance provider’s stock valued at $211,000 after buying an additional 7 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Arch Capital Group by 0.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,618 shares of the insurance provider’s stock valued at $248,000 after buying an additional 22 shares during the last quarter. Gateway Investment Advisers LLC raised its holdings in shares of Arch Capital Group by 0.9% during the second quarter. Gateway Investment Advisers LLC now owns 2,855 shares of the insurance provider’s stock valued at $266,000 after buying an additional 26 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Arch Capital Group by 0.7% during the second quarter. CIBC Asset Management Inc now owns 10,799 shares of the insurance provider’s stock valued at $1,007,000 after buying an additional 78 shares during the last quarter. 76.44% of the stock is currently owned by institutional investors.

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.

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

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