Stock analysts expect Arch Capital Group Ltd. (NASDAQ:ACGL – Get Rating) reports sales of $2.40 billion for the current quarter, according to Zacks Investment Research. Two analysts provided earnings estimates for Arch Capital Group, with the highest sales estimate of $2.42 billion and the lowest estimate of $2.38 billion. Arch Capital Group reported sales of $2.24 billion in the same quarter last year, suggesting a positive year-over-year growth rate of 7.1%. The company is expected to release its next earnings report on Monday, January 1.
On average, analysts expect Arch Capital Group to record annual sales of $9.53 billion for the current year, with estimates ranging from $9.42 billion to $9.64 billion. dollars. For the next fiscal year, analysts expect the company to report sales of $10.97 billion, with estimates ranging from $10.92 billion to $11.03 billion. Zacks sell calculations are an average average based on a survey of sell-side research analysts who track Arch Capital Group.
Arch Capital Group (NASDAQ:ACGL – Get Rating) last released its quarterly results on Wednesday, April 27. The insurance provider reported earnings per share (EPS) of $1.10 for the quarter, missing analyst consensus estimates of $1.13 per ($0.03). Arch Capital Group achieved a net margin of 21.45% and a return on equity of 13.18%. The company posted revenue of $2.19 billion for the quarter, versus a consensus estimate of $2.34 billion. In the same quarter last year, the company earned earnings per share of $0.59.
A number of brokerages have weighed in on ACGL recently. JMP Securities raised its price target on shares of Arch Capital Group from $50.00 to $55.00 in a research report on Thursday, February 10. Royal Bank of Canada raised its price target on Arch Capital Group shares from $49.00 to $57.00 in a Friday, February 11 research report. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a Tuesday, April 12 report. Morgan Stanley lowered its price target on shares of Arch Capital Group from $53.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, MKM Partners raised its price target on Arch Capital Group shares from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 10. Two research analysts gave the stock a hold rating and eight gave the company a buy rating. According to MarketBeat, the stock currently has a consensus buy rating and an average price target of $53.00.
NASDAQ: ACGL opened at $47.07 on Friday. Arch Capital Group has a 12-month low of $36.53 and a 12-month high of $50.73. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt ratio of 0.24. The company has a market capitalization of $17.68 billion, a PE ratio of 10.08, a growth price-earnings ratio of 1.05 and a beta of 0.83. The company has a 50-day moving average price of $47.12 and a 200-day moving average price of $45.68.
In other Arch Capital Group news, Director Brian S. Posner acquired 2,000 shares of the company in a transaction on Friday, April 29. The shares were purchased at an average price of $19.23 per share, with a total value of $38,460.00. Following the acquisition, the director now directly owns 2,000 shares of the company, valued at approximately $38,460. The transaction was disclosed in a document filed with the SEC, which is available via this hyperlink. Additionally, CFO Francois Morin sold 12,351 shares of the company in a transaction that took place on Monday, March 14. The shares were sold at an average price of $46.36, for a total transaction of $572,592.36. The disclosure of this sale can be found here. Insiders hold 4.20% of the shares of the company.
Several large investors have recently changed their stake in the company. Baker Tilly Wealth Management LLC increased its position in Arch Capital Group by 3.7% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 5,977 shares of the insurance provider worth $266,000 after buying 216 additional shares last quarter. Cordasco Financial Network increased its position in Arch Capital Group by 25.4% during the third quarter. Cordasco Financial Network now owns 1,234 shares of the insurance provider worth $47,000 after buying an additional 250 shares in the last quarter. Moloney Securities Asset Management LLC increased its position in Arch Capital Group by 2.7% during the 4th quarter. Moloney Securities Asset Management LLC now owns 9,626 shares of the insurance provider worth $428,000 after buying 255 additional shares in the last quarter. Quantamental Technologies LLC increased its position in Arch Capital Group by 5.8% during the 1st quarter. Quantamental Technologies LLC now owns 4,919 shares of the insurance provider worth $238,000 after buying 268 additional shares in the last quarter. Finally, Xponance Inc. increased its position in Arch Capital Group by 2.2% in the 1st quarter. Xponance Inc. now owns 13,610 shares of the insurance provider worth $659,000 after buying 292 more shares in the last quarter. Institutional investors hold 88.16% of the company’s shares.
Arch Capital Group Company Profile (Get a rating)
Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance and mortgage insurance products worldwide. The Company’s Insurance segment provides primary and excess liability insurance coverages; loss-sensitive primary casualty insurance programs; collateral protection, debt cancellation and service contract repayment products; directors’ and officers’ liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity and other financial coverage; professional medical and general liability insurance coverage; and workers’ compensation and general liability, as well as commercial automotive and inland marine products.
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