Arch Capital Group (NASDAQ:ACGL) Announces Earnings Results

Arch Capital Group (NASDAQ:ACGL) announced its quarterly earnings results on Tuesday. The insurance provider reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.07, Fidelity Earnings reports. The business had revenue of $1.67 billion during the quarter. Arch Capital Group had a net margin of 21.97% and a return on equity of 10.31%.

Shares of NASDAQ:ACGL traded down $0.34 during midday trading on Friday, reaching $47.49. The company had a trading volume of 109,637 shares, compared to its average volume of 1,413,417. The company’s 50 day moving average price is $44.44 and its 200 day moving average price is $41.72. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.26. The stock has a market cap of $19.29 billion, a P/E ratio of 13.89, a P/E/G ratio of 1.56 and a beta of 0.62. Arch Capital Group has a 52-week low of $31.09 and a 52-week high of $47.94.

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Arch Capital Group from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $44.00 to $40.00 in a report on Tuesday, November 12th. Barclays reaffirmed a “buy” rating and set a $52.00 price objective on shares of Arch Capital Group in a report on Tuesday, January 7th. Wells Fargo & Co raised shares of Arch Capital Group from an “equal weight” rating to an “overweight” rating and set a $48.00 price objective on the stock in a report on Monday, January 6th. BidaskClub raised shares of Arch Capital Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, Cfra boosted their price target on shares of Arch Capital Group from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $43.34.

In other Arch Capital Group news, CEO Maamoun Rajeh sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $41.60, for a total transaction of $1,040,000.00. Following the sale, the chief executive officer now directly owns 302,517 shares of the company’s stock, valued at $12,584,707.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John D. Vollaro sold 9,900 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $41.02, for a total transaction of $406,098.00. The disclosure for this sale can be found here. Insiders sold a total of 48,249 shares of company stock worth $1,991,138 over the last three months. 5.20% of the stock is owned by insiders.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; 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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