Zacks: Analysts Expect Arch Capital Group Ltd. (ACGL) Will Post Quarterly Sales of $1.18 Billion

Brokerages expect that Arch Capital Group Ltd. (NASDAQ:ACGL) will post $1.18 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Arch Capital Group’s earnings. The highest sales estimate is $1.19 billion and the lowest is $1.18 billion. Arch Capital Group posted sales of $1.06 billion during the same quarter last year, which suggests a positive year over year growth rate of 11.3%. The company is expected to issue its next earnings results on Monday, February 12th.

According to Zacks, analysts expect that Arch Capital Group will report full-year sales of $1.18 billion for the current fiscal year, with estimates ranging from $4.68 billion to $4.69 billion. For the next year, analysts anticipate that the firm will report sales of $4.82 billion per share, with estimates ranging from $4.77 billion to $4.87 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Arch Capital Group.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.20). Arch Capital Group had a return on equity of 5.57% and a net margin of 9.44%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the company earned $1.14 EPS. The firm’s quarterly revenue was up 30.7% compared to the same quarter last year.

A number of equities research analysts have issued reports on the stock. BidaskClub downgraded shares of Arch Capital Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 21st. Wells Fargo & Co set a $100.00 target price on shares of Arch Capital Group and gave the stock a “hold” rating in a research report on Sunday, December 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $101.00 target price on shares of Arch Capital Group in a research report on Wednesday, December 6th. UBS Group reiterated a “buy” rating on shares of Arch Capital Group in a research report on Monday, October 30th. Finally, Royal Bank of Canada restated a “buy” rating and set a $113.00 price target on shares of Arch Capital Group in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $100.80.

In other news, CEO Nicolas Papadopoulo sold 54,554 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $95.53, for a total transaction of $5,211,543.62. Following the transaction, the chief executive officer now owns 147,481 shares in the company, valued at approximately $14,088,859.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Louis T. Petrillo sold 5,921 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $91.07, for a total transaction of $539,225.47. Following the transaction, the insider now owns 43,268 shares in the company, valued at approximately $3,940,416.76. The disclosure for this sale can be found here. Insiders have sold a total of 65,975 shares of company stock worth $6,256,989 in the last 90 days. 6.60% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC acquired a new position in Arch Capital Group in the 2nd quarter valued at $112,000. Vantage Investment Advisors LLC grew its stake in Arch Capital Group by 1,372.9% in the 2nd quarter. Vantage Investment Advisors LLC now owns 1,252 shares of the insurance provider’s stock valued at $117,000 after buying an additional 1,167 shares during the last quarter. Toronto Dominion Bank grew its stake in Arch Capital Group by 18.8% in the 2nd quarter. Toronto Dominion Bank now owns 1,596 shares of the insurance provider’s stock valued at $149,000 after buying an additional 253 shares during the last quarter. Pacer Advisors Inc. acquired a new position in Arch Capital Group in the 2nd quarter valued at $197,000. Finally, CIBC World Markets Inc. acquired a new position in Arch Capital Group in the 2nd quarter valued at $208,000. Institutional investors and hedge funds own 79.41% of the company’s stock.

Arch Capital Group (NASDAQ:ACGL) traded up $0.08 during mid-day trading on Wednesday, reaching $88.38. 629,249 shares of the company’s stock were exchanged, compared to its average volume of 536,900. Arch Capital Group has a 12 month low of $84.21 and a 12 month high of $102.60. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.49. The stock has a market cap of $11,879.43, a P/E ratio of 28.51, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67.

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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.

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