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, 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.

WARNING: “Arch Capital Group (ACGL) Issues Earnings Results” was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this report on another publication, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The legal version of this report can be viewed at

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)

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

Leave a Reply