Roth Capital Equities Analysts Boost Earnings Estimates for Arch Capital Group Ltd. (NASDAQ:ACGL)

Arch Capital Group Ltd. (NASDAQ:ACGL) – Analysts at Roth Capital raised their FY2024 earnings per share (EPS) estimates for shares of Arch Capital Group in a research note issued on Tuesday, April 30th. Roth Capital analyst H. Fong now expects that the insurance provider will post earnings per share of $9.30 for the year, up from their previous forecast of $8.25. The consensus estimate for Arch Capital Group’s current full-year earnings is $8.09 per share. Roth Capital also issued estimates for Arch Capital Group’s Q4 2024 earnings at $2.56 EPS, Q4 2025 earnings at $2.94 EPS and FY2025 earnings at $10.30 EPS.

ACGL has been the topic of several other reports. Evercore ISI raised their price objective on Arch Capital Group from $98.00 to $100.00 and gave the stock an “in-line” rating in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Wells Fargo & Company raised their price objective on Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday. StockNews.com upgraded Arch Capital Group from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Roth Mkm restated a “buy” rating and set a $110.00 price objective on shares of Arch Capital Group in a report on Tuesday. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $100.67.

Arch Capital Group Trading Up 2.4 %

Shares of NASDAQ ACGL opened at $95.80 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.59. The business’s 50 day moving average price is $90.60 and its 200-day moving average price is $84.56. Arch Capital Group has a fifty-two week low of $69.05 and a fifty-two week high of $96.58. The company has a market cap of $35.94 billion, a price-to-earnings ratio of 7.56, a PEG ratio of 1.16 and a beta of 0.56.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.39. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The firm had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the prior year, the business posted $1.73 earnings per share. The company’s revenue for the quarter was up 19.3% on a year-over-year basis.

Institutional Trading of Arch Capital Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ACGL. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Arch Capital Group during the 4th quarter worth about $27,000. Larson Financial Group LLC acquired a new position in shares of Arch Capital Group in the 4th quarter valued at about $30,000. Richardson Financial Services Inc. acquired a new position in shares of Arch Capital Group in the 4th quarter valued at about $33,000. CVA Family Office LLC acquired a new position in shares of Arch Capital Group in the 4th quarter valued at about $47,000. Finally, Indiana Trust & Investment Management CO acquired a new position in shares of Arch Capital Group in the 1st quarter valued at about $58,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Transactions at Arch Capital Group

In other news, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the completion of the sale, the insider now 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 can be accessed through the SEC website. In other news, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the completion of the sale, the insider now 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 can be accessed through the SEC website. Also, CEO Maamoun Rajeh sold 50,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total value of $4,374,000.00. Following the completion of the sale, 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 valued at $11,872,217 in the last quarter. 4.20% of the stock is currently owned by corporate insiders.

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.