Arch Capital Group (ACGL) Earns Daily Media Impact Rating of 0.38
News stories about Arch Capital Group (NASDAQ:ACGL) have been trending positive on Saturday, Accern Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Arch Capital Group earned a daily sentiment score of 0.38 on Accern’s scale. Accern also assigned media headlines about the insurance provider an impact score of 47.1340556688916 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- BRIEF-Arch Capital says on Nov 2, Kewsong Lee, notified his resignation to board effective immediately (ACGL) (markets.businessinsider.com)
- Arch Capital Group Enters Oversold Territory (ACGL) (nasdaq.com)
- Arch Capital Group Ltd. – Value Analysis (NASDAQ:ACGL) : November 3, 2017 (finance.yahoo.com)
- Arch Capital Group Ltd. Announces Resignation of Kewsong Lee from the Board of Directors (finance.yahoo.com)
Several brokerages recently weighed in on ACGL. UBS Group AG (USA) reissued a “buy” rating on shares of Arch Capital Group in a report on Monday, October 30th. Wells Fargo & Company set a $100.00 price objective on Arch Capital Group and gave the stock a “hold” rating in a report on Thursday, October 26th. Zacks Investment Research raised Arch Capital Group from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $100.00 price objective on shares of Arch Capital Group in a report on Thursday, September 21st. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $113.00 price objective on shares of Arch Capital Group in a report on Friday, October 27th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Arch Capital Group presently has an average rating of “Hold” and a consensus price target of $100.70.
Arch Capital Group (NASDAQ ACGL) opened at $94.50 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.41. The firm has a market cap of $13.02 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 2.65 and a beta of 0.70.
Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.20). Arch Capital Group had a return on equity of 5.70% and a net margin of 9.44%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the business earned $1.14 earnings per share. Arch Capital Group’s revenue for the quarter was up 30.7% on a year-over-year basis. analysts predict that Arch Capital Group will post 3.27 earnings per share for the current year.
In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 80,694 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $93.80, for a total transaction of $7,569,097.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP W Preston Hutchings sold 12,500 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $96.81, for a total value of $1,210,125.00. Following the transaction, the senior vice president now owns 39,411 shares in the company, valued at $3,815,378.91. The disclosure for this sale can be found here. Over the last quarter, insiders sold 145,579 shares of company stock worth $13,862,983. 6.60% of the stock is owned by company insiders.
About Arch Capital Group
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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