Arch Capital Group (NASDAQ:ACGL) Releases Quarterly Earnings Results, Beats Estimates By $0.39 EPS

Arch Capital Group (NASDAQ:ACGL) announced its earnings results on Monday. The insurance provider reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.39, Yahoo Finance reports. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. The business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same period last year, the firm posted $1.73 earnings per share. Arch Capital Group’s quarterly revenue was up 19.3% on a year-over-year basis.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $95.80 on Thursday. Arch Capital Group has a 1 year low of $69.05 and a 1 year high of $96.58. The stock has a market capitalization of $35.94 billion, a P/E ratio of 7.56, a P/E/G ratio of 1.16 and a beta of 0.56. The company’s 50-day moving average is $90.60 and its 200 day moving average is $84.56. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.57.

Analyst Ratings Changes

A number of analysts have recently issued reports on ACGL shares. Evercore ISI lifted their price objective on shares of Arch Capital Group from $98.00 to $100.00 and gave the stock an “in-line” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft increased their price objective on Arch Capital Group from $103.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday. UBS Group lowered their price target on shares of Arch Capital Group from $101.00 to $97.00 and set a “buy” rating for the company in a report on Wednesday, January 10th. TD Cowen initiated coverage on shares of Arch Capital Group in a research report on Wednesday, January 10th. They set an “outperform” rating and a $96.00 price target for the company. Finally, Morgan Stanley boosted their price objective on shares of Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.67.

Insiders Place Their Bets

In related news, CFO Francois Morin sold 25,689 shares of Arch Capital Group stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at $19,399,009.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Francois Morin sold 25,689 shares of the company’s 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 sale, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at approximately $19,399,009.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Maamoun Rajeh sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the transaction, the chief executive officer now directly owns 336,170 shares of the company’s stock, valued at approximately $29,408,151.60. The disclosure for this sale can be found here. Insiders sold 135,689 shares of company stock worth $11,872,217 over the last three months. Company insiders own 4.20% of the company’s stock.

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.