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

Arch Capital Group (NASDAQ:ACGL) is set to release its earnings data after the market closes on Tuesday, July 30th. Analysts expect Arch Capital Group to post earnings of $2.16 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.39. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.77 billion. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the company 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 Stock Performance

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 company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. The company has a market cap of $36.39 billion, a PE ratio of 7.65, a price-to-earnings-growth ratio of 1.61 and a beta of 0.58. The stock has a 50-day moving average price of $99.59 and a 200-day moving average price of $92.64.

Insiders Place Their Bets

In related news, CEO David Gansberg sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $96.64, for a total value of $966,400.00. Following the sale, the chief executive officer now directly owns 228,035 shares of the company’s stock, valued at $22,037,302.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ACGL. Evercore ISI boosted their price target on shares of Arch Capital Group from $98.00 to $100.00 and gave the stock an “in-line” rating in a research note on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft raised their price target on Arch Capital Group from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, July 1st. Roth Mkm reiterated a “buy” rating and issued a $110.00 price objective on shares of Arch Capital Group in a report on Tuesday, April 30th. Morgan Stanley raised their price objective on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Finally, Wells Fargo & Company boosted their target price on Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Arch Capital Group has a consensus rating of “Moderate Buy” and an average price target 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.