Arch Capital Group (ACGL) Scheduled to Post Quarterly Earnings on Tuesday

Arch Capital Group (NASDAQ:ACGL) will be announcing its earnings results after the market closes on Tuesday, July 30th. Analysts expect the company to post earnings of $2.16 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.39. The firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.77 billion. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.73 EPS. On average, analysts expect Arch Capital Group to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Arch Capital Group Trading Up 2.6 %

Shares of ACGL opened at $96.91 on Monday. Arch Capital Group has a 12 month low of $72.85 and a 12 month high of $103.79. The stock’s 50-day moving average is $99.59 and its two-hundred day moving average is $92.64. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market cap of $36.39 billion, a PE ratio of 7.65, a P/E/G ratio of 1.61 and a beta of 0.58.

Insider Activity at Arch Capital Group

In related news, CEO David Gansberg sold 10,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $96.64, for a total transaction of $966,400.00. Following the transaction, the chief executive officer now directly owns 228,035 shares in the company, valued at $22,037,302.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ACGL shares. Morgan Stanley boosted their price target on Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Arch Capital Group from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, July 1st. JMP Securities raised their price target on shares of Arch Capital Group from $100.00 to $110.00 and gave the company a “market outperform” rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. boosted their price objective on shares of Arch Capital Group from $96.00 to $106.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Finally, Roth Mkm restated a “buy” rating and set a $110.00 target price on shares of Arch Capital Group in a research note on Tuesday, April 30th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Arch Capital Group currently has an average rating of “Moderate Buy” and an average target price of $102.87.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; 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.