Arch Capital Group Ltd. (ACGL) Expected to Announce Earnings of $0.61 Per Share

Equities research analysts expect Arch Capital Group Ltd. (NASDAQ:ACGL) to announce earnings of $0.61 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Arch Capital Group’s earnings. The highest EPS estimate is $0.64 and the lowest is $0.59. Arch Capital Group reported earnings of $0.56 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 8.9%. The business is expected to announce its next quarterly earnings report on Tuesday, May 7th.

According to Zacks, analysts expect that Arch Capital Group will report full-year earnings of $2.47 per share for the current year, with EPS estimates ranging from $2.39 to $2.55. For the next financial year, analysts forecast that the firm will post earnings of $2.67 per share, with EPS estimates ranging from $2.63 to $2.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Arch Capital Group.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, February 12th. The insurance provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.08. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.38 billion. Arch Capital Group had a return on equity of 10.30% and a net margin of 15.15%. During the same quarter in the prior year, the company earned $1.34 earnings per share.

A number of equities analysts have issued reports on ACGL shares. Zacks Investment Research upgraded Arch Capital Group from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Thursday, January 3rd. BidaskClub upgraded Arch Capital Group from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Morgan Stanley set a $22.00 price target on Arch Capital Group and gave the company a “hold” rating in a report on Wednesday, November 14th. Wells Fargo & Co restated a “hold” rating and set a $30.00 price target on shares of Arch Capital Group in a report on Thursday, December 13th. Finally, Barclays upgraded Arch Capital Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $29.00 to $32.00 in a report on Wednesday, January 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Arch Capital Group has an average rating of “Hold” and an average price target of $29.50.

ACGL traded up $1.13 during trading on Wednesday, reaching $31.96. The stock had a trading volume of 1,871,000 shares, compared to its average volume of 942,530. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.30. The company has a market cap of $12.48 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 1.11 and a beta of 0.68. Arch Capital Group has a one year low of $24.79 and a one year high of $32.30.

In other Arch Capital Group news, Director Brian S. Posner acquired 1,000 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, November 28th. The stock was bought at an average cost of $25.05 per share, for a total transaction of $25,050.00. Following the acquisition, the director now owns 3,000 shares of the company’s stock, valued at $75,150. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew Rippert sold 3,593 shares of Arch Capital Group stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $27.83, for a total value of $99,993.19. The disclosure for this sale can be found here. 5.10% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mycio Wealth Partners LLC boosted its position in Arch Capital Group by 1.4% in the fourth quarter. Mycio Wealth Partners LLC now owns 36,797 shares of the insurance provider’s stock worth $983,000 after purchasing an additional 500 shares during the last quarter. Mackenzie Financial Corp boosted its position in Arch Capital Group by 5.9% in the fourth quarter. Mackenzie Financial Corp now owns 10,044 shares of the insurance provider’s stock worth $268,000 after purchasing an additional 558 shares during the last quarter. ETF Managers Group LLC boosted its position in Arch Capital Group by 15.7% in the fourth quarter. ETF Managers Group LLC now owns 4,566 shares of the insurance provider’s stock worth $122,000 after purchasing an additional 621 shares during the last quarter. Sumitomo Life Insurance Co. boosted its position in Arch Capital Group by 2.5% in the fourth quarter. Sumitomo Life Insurance Co. now owns 42,282 shares of the insurance provider’s stock worth $1,130,000 after purchasing an additional 1,036 shares during the last quarter. Finally, Strid Group LLC boosted its position in Arch Capital Group by 4.8% in the fourth quarter. Strid Group LLC now owns 25,413 shares of the insurance provider’s stock worth $679,000 after purchasing an additional 1,174 shares during the last quarter. Institutional investors own 80.32% of the company’s stock.

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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