Arch Capital Group (NASDAQ:ACGL – Get Free Report) will be releasing its earnings data after the market closes on Monday, April 29th. Analysts expect Arch Capital Group to post earnings of $2.06 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Arch Capital Group (NASDAQ:ACGL – Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.55. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same period in the prior year, the company earned $2.14 earnings per share. On average, analysts expect Arch Capital Group to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Arch Capital Group Price Performance
Shares of NASDAQ ACGL opened at $90.90 on Friday. The stock has a fifty day simple moving average of $90.34 and a two-hundred day simple moving average of $84.40. Arch Capital Group has a 1-year low of $69.05 and a 1-year high of $95.01. The firm has a market cap of $34.10 billion, a price-to-earnings ratio of 7.82, a price-to-earnings-growth ratio of 1.16 and a beta of 0.57. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17.
Insider Buying and Selling
Analyst Ratings Changes
A number of equities analysts have recently commented on the company. Morgan Stanley raised their price target on Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $98.00 price target on shares of Arch Capital Group in a report on Friday, February 16th. Wells Fargo & Company raised their price target on Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Evercore ISI raised their price target on Arch Capital Group from $92.00 to $100.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. Finally, TD Cowen assumed coverage on Arch Capital Group in a report on Wednesday, January 10th. They issued an “outperform” rating and a $96.00 price target for the company. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $96.23.
Check Out 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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