Arch Capital Group (NASDAQ:ACGL – Get Free Report) 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 – Get Free Report) 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
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.
Read Our Latest Research Report on Arch Capital Group
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.
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