Arch Capital Group (NASDAQ:ACGL) Posts Earnings Results, Beats Estimates By $0.05 EPS

Arch Capital Group (NASDAQ:ACGLGet Free Report) released its earnings results on Wednesday. The insurance provider reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05, Briefing.com reports. The business had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.05 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. During the same quarter in the prior year, the firm posted $2.31 EPS.

Arch Capital Group Stock Down 4.6 %

NASDAQ:ACGL traded down $4.85 during trading hours on Thursday, hitting $100.29. 1,341,596 shares of the company traded hands, compared to its average volume of 1,628,358. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.16. The company has a market cap of $37.71 billion, a PE ratio of 7.39, a PEG ratio of 1.95 and a beta of 0.59. The firm’s 50-day simple moving average is $110.85 and its 200-day simple moving average is $102.69. Arch Capital Group has a one year low of $72.85 and a one year high of $116.47.

Analyst Upgrades and Downgrades

ACGL has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Wells Fargo & Company boosted their price objective on Arch Capital Group from $110.00 to $126.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Roth Mkm raised their target price on Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. TD Cowen boosted their price target on Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Finally, Evercore ISI increased their price target on Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. Five 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, Arch Capital Group has an average rating of “Moderate Buy” and a consensus target price of $119.53.

View Our Latest Stock Report on Arch Capital Group

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $102.46, for a total value of $1,174,191.60. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at approximately $22,723,476.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.00% of the company’s stock.

Arch Capital Group Company Profile

(Get Free Report)

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.

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Earnings History for Arch Capital Group (NASDAQ:ACGL)

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