Arch Capital Group (ACGL) to Release Quarterly Earnings on Wednesday

Arch Capital Group (NASDAQ:ACGL) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $1.70 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.36. The firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.89 billion. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.92 earnings per share. On average, analysts expect Arch Capital Group to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $107.79 on Wednesday. The firm has a market cap of $40.47 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 2.01 and a beta of 0.59. Arch Capital Group has a fifty-two week low of $72.85 and a fifty-two week high of $116.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.60 and a current ratio of 0.60. The business has a 50 day moving average price of $110.26 and a 200-day moving average price of $102.08.

Wall Street Analyst Weigh In

A number of analysts recently commented on ACGL shares. Deutsche Bank Aktiengesellschaft raised their price target on Arch Capital Group from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, July 1st. Roth Mkm raised their price target 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 raised their price target on Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Jefferies Financial Group raised their price objective on Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Evercore ISI raised their price objective on Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Arch Capital Group presently has an average rating of “Moderate Buy” and a consensus target price of $119.53.

Insider Activity

In related news, CFO Francois Morin sold 11,460 shares of Arch Capital Group stock in a transaction dated Friday, August 16th. The stock was 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 in the company, valued at approximately $22,723,476.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.