Arch Capital Group (NASDAQ:ACGL) Announces Quarterly Earnings Results

Arch Capital Group (NASDAQ:ACGL) announced its earnings results on Monday. The insurance provider reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.39, Yahoo Finance reports. The business had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. The business’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.73 earnings per share.

Arch Capital Group Trading Up 0.4 %

ACGL opened at $91.25 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.17. The firm has a market cap of $34.23 billion, a P/E ratio of 7.85, a P/E/G ratio of 1.13 and a beta of 0.57. Arch Capital Group has a 52 week low of $69.05 and a 52 week high of $95.01. The business has a fifty day simple moving average of $90.44 and a 200-day simple moving average of $84.49.

Insider Activity at Arch Capital Group

In other news, CFO Francois Morin sold 25,689 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total value of $2,247,016.83. Following the completion of the transaction, the chief financial officer now owns 221,779 shares of the company’s stock, valued at $19,399,009.13. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Nicolas Papadopoulo sold 60,000 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the completion of the transaction, the insider now directly owns 651,931 shares of the company’s stock, valued at approximately $57,057,001.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Francois Morin sold 25,689 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.47, for a total value of $2,247,016.83. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $19,399,009.13. The disclosure for this sale can be found here. Insiders sold 135,689 shares of company stock worth $11,872,217 in the last three months. 4.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ACGL shares. StockNews.com cut shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. JMP Securities restated a “market outperform” rating and set a $100.00 target price on shares of Arch Capital Group in a report on Monday, April 15th. TD Cowen initiated coverage on Arch Capital Group in a report on Wednesday, January 10th. They issued an “outperform” rating and a $96.00 price target for the company. Wells Fargo & Company boosted their price objective on Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Finally, Citigroup cut their target price on Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating for the company in a research note on Monday, January 22nd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Arch Capital Group has a consensus rating of “Moderate Buy” and a consensus price target of $96.23.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.