Arch Capital Group Ltd. (ACGL) Expected to Post Earnings of $1.59 Per Share

Analysts expect that Arch Capital Group Ltd. (NASDAQ:ACGL) will post $1.59 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Arch Capital Group’s earnings, with the highest EPS estimate coming in at $1.66 and the lowest estimate coming in at $1.47. Arch Capital Group reported earnings per share of $1.42 during the same quarter last year, which would suggest a positive year-over-year growth rate of 12%. The firm is scheduled to report its next quarterly earnings results after the market closes on Tuesday, May 1st.

On average, analysts expect that Arch Capital Group will report full-year earnings of $6.22 per share for the current fiscal year, with EPS estimates ranging from $5.90 to $6.50. For the next financial year, analysts expect that the company will post earnings of $6.90 per share, with EPS estimates ranging from $6.70 to $7.05. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Arch Capital Group.

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Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, February 12th. The insurance provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.13 by $0.21. Arch Capital Group had a return on equity of 5.87% and a net margin of 11.21%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the company earned $1.13 EPS. The firm’s revenue for the quarter was up 27.4% compared to the same quarter last year.

Several brokerages have issued reports on ACGL. Wells Fargo set a $96.00 price target on Arch Capital Group and gave the stock a “hold” rating in a report on Monday, February 12th. BidaskClub upgraded Arch Capital Group from a “sell” rating to a “hold” rating in a report on Friday, March 30th. ValuEngine lowered Arch Capital Group from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Finally, Keefe, Bruyette & Woods upgraded Arch Capital Group from a “market perform” rating to an “outperform” rating in a report on Thursday, March 22nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $102.43.

In related news, CEO Constantine Iordanou bought 7,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were bought at an average price of $23.80 per share, for a total transaction of $166,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 7,000 shares of the company’s stock, valued at $166,600. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mark Donald Lyons sold 6,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $89.39, for a total value of $536,340.00. The disclosure for this sale can be found here. 5.10% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement Association of Colorado increased its position in shares of Arch Capital Group by 2.4% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 26,400 shares of the insurance provider’s stock valued at $2,396,000 after acquiring an additional 619 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Arch Capital Group by 1.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 34,518 shares of the insurance provider’s stock worth $3,133,000 after acquiring an additional 658 shares during the period. Eqis Capital Management Inc. boosted its holdings in shares of Arch Capital Group by 15.9% in the fourth quarter. Eqis Capital Management Inc. now owns 5,083 shares of the insurance provider’s stock worth $461,000 after acquiring an additional 698 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Arch Capital Group by 1.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 59,644 shares of the insurance provider’s stock worth $5,414,000 after acquiring an additional 800 shares during the period. Finally, Adalta Capital Management LLC boosted its holdings in shares of Arch Capital Group by 20.0% in the fourth quarter. Adalta Capital Management LLC now owns 4,800 shares of the insurance provider’s stock worth $436,000 after acquiring an additional 800 shares during the period. 77.85% of the stock is owned by institutional investors.

Shares of Arch Capital Group stock traded up $0.24 on Thursday, hitting $82.38. 35,435 shares of the company’s stock traded hands, compared to its average volume of 674,194. Arch Capital Group has a one year low of $78.19 and a one year high of $102.60. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market cap of $11,061.99, a price-to-earnings ratio of 25.45, a PEG ratio of 1.18 and a beta of 0.61.

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About Arch Capital Group

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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Earnings History and Estimates for Arch Capital Group (NASDAQ:ACGL)

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