Arch Capital Group (NASDAQ:ACGL) Releases Earnings Results

Arch Capital Group (NASDAQ:ACGL) issued its quarterly earnings data on Wednesday. The insurance provider reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.30, MarketWatch Earnings reports. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.49 billion. Arch Capital Group had a net margin of 15.88% and a return on equity of 7.07%. The company’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 earnings per share.

Shares of NASDAQ ACGL opened at $30.75 on Friday. Arch Capital Group has a 12-month low of $20.93 and a 12-month high of $48.32. The stock has a market cap of $12.62 billion, a PE ratio of 16.64, a P/E/G ratio of 5.80 and a beta of 0.75. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average of $29.44 and a 200 day moving average of $33.11.

A number of analysts have recently commented on the stock. ValuEngine raised shares of Arch Capital Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 2nd. BidaskClub cut shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Wells Fargo & Co cut their target price on shares of Arch Capital Group from $40.00 to $34.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Bank of America assumed coverage on shares of Arch Capital Group in a research note on Friday, May 22nd. They set a “buy” rating and a $39.00 target price for the company. Finally, Royal Bank of Canada boosted their target price on shares of Arch Capital Group from $37.00 to $39.00 and gave the stock an “outperform” rating in a research note on Thursday, June 11th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $39.42.

In other news, SVP W Preston Hutchings sold 100,000 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $24.28, for a total value of $2,428,000.00. Following the completion of the sale, the senior vice president now owns 51,377 shares of the company’s stock, valued at approximately $1,247,433.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Marc Grandisson purchased 23,500 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was purchased at an average cost of $26.37 per share, with a total value of $619,695.00. In the last ninety days, insiders have purchased 25,500 shares of company stock valued at $665,575. 3.40% of the stock is owned by corporate 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.

Featured Story: Systematic Risk

Earnings History for Arch Capital Group (NASDAQ:ACGL)

Receive News & Ratings for Arch Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.