Analysts forecast that Arch Capital Group Ltd. (NASDAQ:ACGL) will announce earnings of $1.34 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Arch Capital Group’s earnings, with the lowest EPS estimate coming in at $1.30 and the highest estimate coming in at $1.37. Arch Capital Group reported earnings per share of $1.14 during the same quarter last year, which would suggest a positive year over year growth rate of 17.5%. The business is scheduled to report its next quarterly earnings results after the market closes on Wednesday, October 25th.

According to Zacks, analysts expect that Arch Capital Group will report full year earnings of $5.43 per share for the current fiscal year, with EPS estimates ranging from $5.37 to $5.50. For the next fiscal year, analysts forecast that the business will post earnings of $6.02 per share, with EPS estimates ranging from $5.75 to $6.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Arch Capital Group.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Wednesday, July 26th. The insurance provider reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.01. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.28 billion. Arch Capital Group had a net margin of 15.65% and a return on equity of 8.76%. The business’s revenue was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.13 EPS.

A number of research analysts have issued reports on ACGL shares. Zacks Investment Research cut Arch Capital Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Keefe, Bruyette & Woods restated a “hold” rating and set a $100.00 price target on shares of Arch Capital Group in a report on Thursday, September 21st. UBS AG lowered their price target on Arch Capital Group from $114.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, September 19th. Buckingham Research started coverage on Arch Capital Group in a research report on Monday, September 11th. They issued a “buy” rating and a $106.00 price target for the company. Finally, Wells Fargo & Company reiterated a “hold” rating on shares of Arch Capital Group in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $97.22.

Shares of Arch Capital Group (NASDAQ ACGL) traded up 0.23% during mid-day trading on Friday, hitting $100.21. 161,027 shares of the stock traded hands. Arch Capital Group has a 1-year low of $76.47 and a 1-year high of $100.69. The company’s 50-day moving average price is $96.90 and its 200 day moving average price is $95.87. The company has a market capitalization of $13.48 billion, a PE ratio of 18.23 and a beta of 0.66.

In related news, CEO Constantine Iordanou sold 50,000 shares of Arch Capital Group stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $97.88, for a total value of $4,894,000.00. Following the completion of the sale, the chief executive officer now owns 171,901 shares of the company’s stock, valued at $16,825,669.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark Donald Lyons sold 9,967 shares of Arch Capital Group stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $97.31, for a total value of $969,888.77. The disclosure for this sale can be found here. In the last ninety days, insiders sold 195,579 shares of company stock valued at $18,756,983. 6.60% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of ACGL. Proficio Capital Partners LLC grew its stake in shares of Arch Capital Group by 75.5% during the 1st quarter. Proficio Capital Partners LLC now owns 1,095 shares of the insurance provider’s stock valued at $104,000 after purchasing an additional 471 shares during the period. Acrospire Investment Management LLC purchased a new stake in shares of Arch Capital Group during the 2nd quarter valued at about $112,000. Vantage Investment Advisors LLC increased its position in shares of Arch Capital Group by 1,372.9% during the 2nd quarter. Vantage Investment Advisors LLC now owns 1,252 shares of the insurance provider’s stock valued at $117,000 after purchasing an additional 1,167 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Arch Capital Group by 13.1% during the 1st quarter. Parallel Advisors LLC now owns 1,350 shares of the insurance provider’s stock valued at $130,000 after purchasing an additional 156 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in shares of Arch Capital Group by 18.8% during the 2nd quarter. Toronto Dominion Bank now owns 1,596 shares of the insurance provider’s stock valued at $149,000 after purchasing an additional 253 shares during the last quarter. 76.91% of the stock is currently owned by institutional investors.

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Arch Capital Group Company Profile

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

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

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