Arch Capital Group (ACGL) Announces Earnings Results

Arch Capital Group (NASDAQ:ACGL) posted its quarterly earnings data on Tuesday. The insurance provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.08, Briefing.com reports. Arch Capital Group had a net margin of 15.15% and a return on equity of 10.30%. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the firm earned $1.34 earnings per share.

Shares of NASDAQ ACGL traded up $1.14 during mid-day trading on Wednesday, reaching $31.97. The company had a trading volume of 13,060 shares, compared to its average volume of 910,515. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market capitalization of $12.48 billion, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 1.11 and a beta of 0.68. Arch Capital Group has a 12-month low of $24.79 and a 12-month high of $31.32.

In related news, Director Brian S. Posner purchased 1,000 shares of Arch Capital Group stock in a transaction dated Wednesday, November 28th. The stock was acquired at an average cost of $25.05 per share, with a total value of $25,050.00. Following the completion of the transaction, the director now directly owns 3,000 shares of the company’s stock, valued at $75,150. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Yiorgos Lillikas sold 7,000 shares of the stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $28.06, for a total transaction of $196,420.00. Following the completion of the sale, the director now directly owns 53,214 shares of the company’s stock, valued at $1,493,184.84. The disclosure for this sale can be found here. 5.10% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc lifted its position in shares of Arch Capital Group by 0.4% in the third quarter. Vanguard Group Inc now owns 33,874,589 shares of the insurance provider’s stock worth $1,009,802,000 after purchasing an additional 144,152 shares in the last quarter. BlackRock Inc. lifted its position in shares of Arch Capital Group by 4.0% in the fourth quarter. BlackRock Inc. now owns 27,775,928 shares of the insurance provider’s stock worth $742,173,000 after purchasing an additional 1,058,345 shares in the last quarter. Capital International Investors purchased a new stake in shares of Arch Capital Group in the third quarter worth approximately $393,068,000. FMR LLC lifted its position in shares of Arch Capital Group by 0.4% in the third quarter. FMR LLC now owns 6,288,406 shares of the insurance provider’s stock worth $187,457,000 after purchasing an additional 26,380 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Arch Capital Group by 5.2% in the fourth quarter. Northern Trust Corp now owns 2,813,672 shares of the insurance provider’s stock worth $75,181,000 after purchasing an additional 138,636 shares in the last quarter. 80.32% of the stock is owned by institutional investors and hedge funds.

A number of analysts have commented on the stock. Zacks Investment Research raised shares of Arch Capital Group from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Tuesday, November 20th. BidaskClub raised shares of Arch Capital Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 31st. Wells Fargo & Co reaffirmed a “hold” rating and set a $30.00 price objective on shares of Arch Capital Group in a research note on Thursday, December 13th. Barclays raised shares of Arch Capital Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $29.00 to $32.00 in a research note on Wednesday, January 9th. Finally, Morgan Stanley set a $22.00 price objective on shares of Arch Capital Group and gave the company a “hold” rating in a research note on Wednesday, November 14th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $29.50.

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About Arch Capital Group

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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