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

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

Arch Capital Group Trading Up 2.4 %

ACGL stock opened at $95.80 on Thursday. The company’s 50-day simple moving average is $90.60 and its 200 day simple moving average is $84.56. Arch Capital Group has a 52 week low of $69.05 and a 52 week high of $96.58. 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 company has a market capitalization of $35.94 billion, a PE ratio of 7.56, a price-to-earnings-growth ratio of 1.16 and a beta of 0.56.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ACGL shares. JMP Securities increased their price objective on shares of Arch Capital Group from $100.00 to $110.00 and gave the stock a “market outperform” rating in a research report on Tuesday. Citigroup lowered their target price on Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating on the stock in a research report on Monday, January 22nd. Roth Mkm reiterated a “buy” rating and set a $110.00 target price on shares of Arch Capital Group in a report on Tuesday. TD Cowen began coverage on Arch Capital Group in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $96.00 price target for the company. Finally, Morgan Stanley upped 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 Monday, April 15th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $100.67.

Insider Buying and Selling at Arch Capital Group

In other news, CEO Maamoun Rajeh sold 50,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Maamoun Rajeh sold 50,000 shares of Arch Capital Group 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 sale, the chief executive officer now directly owns 336,170 shares in the company, valued at $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 three months. Corporate insiders own 4.20% of the company’s stock.

Arch Capital Group Company Profile

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.