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.
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.
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