Arch Capital Group (NASDAQ:ACGL) released its quarterly earnings data on Tuesday, May 1st. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.14, MarketWatch Earnings reports. Arch Capital Group had a net margin of 9.41% and a return on equity of 6.04%. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the business earned $1.42 earnings per share. Arch Capital Group’s revenue was up 10.7% compared to the same quarter last year.
NASDAQ ACGL opened at $78.82 on Friday. The stock has a market cap of $10.69 billion, a PE ratio of 22.83, a P/E/G ratio of 1.13 and a beta of 0.63. Arch Capital Group has a 12 month low of $78.25 and a 12 month high of $78.57. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.52 and a quick ratio of 0.52.
In other news, Director Brian S. Posner purchased 3,000 shares of the company’s stock in a transaction that occurred on Thursday, May 3rd. The shares were acquired at an average cost of $78.63 per share, with a total value of $235,890.00. Following the transaction, the director now owns 24,439 shares in the company, valued at approximately $1,921,638.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Mark Donald Lyons sold 12,000 shares of the stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $78.36, for a total value of $940,320.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,000 shares of company stock valued at $1,981,620. Corporate insiders own 5.10% of the company’s stock.
A number of research analysts recently issued reports on ACGL shares. TheStreet downgraded shares of Arch Capital Group from a “b” rating to a “c” rating in a research note on Tuesday, May 1st. Wells Fargo set a $96.00 price objective on shares of Arch Capital Group and gave the stock a “hold” rating in a report on Wednesday, March 14th. BidaskClub raised shares of Arch Capital Group from a “sell” rating to a “hold” rating in a report on Friday, March 30th. Finally, Keefe, Bruyette & Woods raised shares of Arch Capital Group from a “market perform” rating to an “outperform” rating in a report on Thursday, March 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $103.50.
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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