$0.68 EPS Expected for Arch Capital Group Ltd. (NASDAQ:ACGL) This Quarter

Wall Street brokerages predict that Arch Capital Group Ltd. (NASDAQ:ACGL) will announce earnings of $0.68 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Arch Capital Group’s earnings, with the lowest EPS estimate coming in at $0.62 and the highest estimate coming in at $0.73. Arch Capital Group posted earnings per share of $0.46 during the same quarter last year, which indicates a positive year-over-year growth rate of 47.8%. The company is expected to report its next earnings report on Tuesday, February 11th.

According to Zacks, analysts expect that Arch Capital Group will report full-year earnings of $2.75 per share for the current year, with EPS estimates ranging from $2.70 to $2.80. For the next financial year, analysts anticipate that the firm will post earnings of $3.00 per share, with EPS estimates ranging from $2.83 to $3.10. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Arch Capital Group.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, October 29th. The insurance provider reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.01. Arch Capital Group had a return on equity of 10.31% and a net margin of 21.97%. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the firm posted $0.53 EPS.

A number of analysts have commented on ACGL shares. UBS Group lifted their price target on Arch Capital Group from $39.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. MKM Partners boosted their price objective on Arch Capital Group from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. ValuEngine cut Arch Capital Group from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. BidaskClub cut Arch Capital Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Finally, Barclays set a $47.00 price objective on Arch Capital Group and gave the company a “buy” rating in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Arch Capital Group has a consensus rating of “Hold” and an average target price of $39.71.

In related news, CEO Maamoun Rajeh sold 20,000 shares of Arch Capital Group stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $39.08, for a total value of $781,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Arch Capital Group by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 35,525,261 shares of the insurance provider’s stock valued at $1,317,276,000 after purchasing an additional 166,559 shares in the last quarter. BlackRock Inc. increased its stake in Arch Capital Group by 1.9% during the 2nd quarter. BlackRock Inc. now owns 29,413,307 shares of the insurance provider’s stock worth $1,090,644,000 after buying an additional 535,702 shares in the last quarter. Renaissance Technologies LLC increased its stake in Arch Capital Group by 3.4% during the 2nd quarter. Renaissance Technologies LLC now owns 5,083,600 shares of the insurance provider’s stock worth $188,500,000 after buying an additional 166,000 shares in the last quarter. California Public Employees Retirement System increased its stake in Arch Capital Group by 11.0% during the 3rd quarter. California Public Employees Retirement System now owns 3,254,324 shares of the insurance provider’s stock worth $136,617,000 after buying an additional 321,341 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in Arch Capital Group by 9.6% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,259,151 shares of the insurance provider’s stock worth $83,769,000 after buying an additional 198,611 shares in the last quarter. Hedge funds and other institutional investors own 76.88% of the company’s stock.

ACGL traded up $0.14 on Thursday, reaching $41.50. 1,407,000 shares of the stock were exchanged, compared to its average volume of 1,214,652. The company’s 50-day moving average price is $41.32 and its 200 day moving average price is $38.47. Arch Capital Group has a fifty-two week low of $24.79 and a fifty-two week high of $42.86. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market capitalization of $16.47 billion, a PE ratio of 18.86, a PEG ratio of 1.48 and a beta of 0.63.

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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