Arch Capital Group (NASDAQ:ACGL – Get Free Report) 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 – Get Free Report) 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
Check Out Our Latest Report on ACGL
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.
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