Arch Capital Group Ltd. (NASDAQ:ACGL) – Research analysts at Langen Mcalenn cut their Q1 2018 earnings per share (EPS) estimates for shares of Arch Capital Group in a research note issued on Wednesday. Langen Mcalenn analyst R. Glasspiegel now forecasts that the insurance provider will earn $1.47 per share for the quarter, down from their prior forecast of $1.48. Langen Mcalenn also issued estimates for Arch Capital Group’s Q2 2018 earnings at $1.50 EPS, Q3 2018 earnings at $1.33 EPS, Q4 2018 earnings at $1.61 EPS, Q2 2019 earnings at $1.69 EPS, Q3 2019 earnings at $1.53 EPS, Q4 2019 earnings at $1.82 EPS and FY2019 earnings at $6.70 EPS.
Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, February 12th. The insurance provider reported $1.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.21. Arch Capital Group had a return on equity of 5.95% and a net margin of 11.21%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the company posted $1.13 earnings per share. Arch Capital Group’s revenue was up 27.4% compared to the same quarter last year.
Shares of Arch Capital Group (NASDAQ ACGL) opened at $90.04 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.49. Arch Capital Group has a fifty-two week low of $85.35 and a fifty-two week high of $102.60. The company has a market capitalization of $11,946.13, a price-to-earnings ratio of 27.49, a P/E/G ratio of 1.28 and a beta of 0.62.
In other news, insider Louis T. Petrillo sold 5,921 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $91.07, for a total value of $539,225.47. Following the transaction, the insider now directly owns 43,268 shares in the company, valued at $3,940,416.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark Donald Lyons sold 5,500 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $92.04, for a total value of $506,220.00. The disclosure for this sale can be found here. 6.60% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in ACGL. Ameriprise Financial Inc. lifted its position in shares of Arch Capital Group by 3.2% in the second quarter. Ameriprise Financial Inc. now owns 7,577 shares of the insurance provider’s stock valued at $706,000 after acquiring an additional 237 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Arch Capital Group by 14.8% in the second quarter. PNC Financial Services Group Inc. now owns 4,016 shares of the insurance provider’s stock valued at $375,000 after acquiring an additional 518 shares in the last quarter. AHL Partners LLP purchased a new position in shares of Arch Capital Group in the second quarter valued at about $309,000. Royal Bank of Canada lifted its position in shares of Arch Capital Group by 1.3% in the second quarter. Royal Bank of Canada now owns 52,848 shares of the insurance provider’s stock valued at $4,931,000 after acquiring an additional 694 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its position in shares of Arch Capital Group by 387.5% in the second quarter. Macquarie Group Ltd. now owns 3,900 shares of the insurance provider’s stock valued at $364,000 after acquiring an additional 3,100 shares in the last quarter. Institutional investors and hedge funds own 79.17% of the company’s stock.
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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.
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