Arch Capital Group (ACGL) Issues Earnings Results

Arch Capital Group (NASDAQ:ACGL) announced its earnings results on Monday. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.21, Briefing.com reports. Arch Capital Group had a net margin of 9.44% and a return on equity of 5.57%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the business earned $1.13 earnings per share. Arch Capital Group’s quarterly revenue was up 27.4% on a year-over-year basis.

Shares of Arch Capital Group (ACGL) traded up $0.03 on Tuesday, reaching $86.91. 457,400 shares of the company traded hands, compared to its average volume of 526,125. Arch Capital Group has a fifty-two week low of $85.35 and a fifty-two week high of $102.60. The firm has a market capitalization of $11,370.33, a PE ratio of 28.04, a price-to-earnings-growth ratio of 1.27 and a beta of 0.62. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.83 and a quick ratio of 0.83.

In other Arch Capital Group news, insider Louis T. Petrillo sold 5,921 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $91.07, for a total value of $539,225.47. Following the completion of the sale, the insider now owns 43,268 shares in the company, valued at $3,940,416.76. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark Donald Lyons sold 5,500 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of $92.04, for a total transaction of $506,220.00. The disclosure for this sale can be found here. Corporate insiders own 6.60% of the company’s stock.

ACGL has been the topic of a number of research reports. Barclays boosted their price target on shares of Arch Capital Group from $91.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Monday, October 16th. BidaskClub downgraded shares of Arch Capital Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 21st. Wells Fargo & Co set a $100.00 price target on shares of Arch Capital Group and gave the stock a “hold” rating in a research note on Sunday, December 10th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $113.00 target price on shares of Arch Capital Group in a research note on Friday, October 27th. Finally, Zacks Investment Research raised shares of Arch Capital Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Arch Capital Group currently has a consensus rating of “Hold” and an average target price of $100.40.

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Arch Capital Group Company Profile

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 for Arch Capital Group (NASDAQ:ACGL)

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