Positive News Coverage Somewhat Unlikely to Affect Arch Capital Group (NASDAQ:ACGL) Stock Price
News stories about Arch Capital Group (NASDAQ:ACGL) have been trending positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Arch Capital Group earned a news impact score of 0.45 on Accern’s scale. Accern also gave media coverage about the insurance provider an impact score of 46.8655017045758 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- IHS Markit Score upgrades Arch Capital Group Ltd to 72 out of 100, ranking positively in two out of four IHS Markit categories. (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Arch Capital Group Ltd. (finance.yahoo.com)
- Which Direction are Verisk Analytics, Inc. (NASDAQ:VRSK) and Arch Capital Group Ltd. (NASDAQ:ACGL) Headed … – FLBC News (flbcnews.com)
- Analysts Anticipate Arch Capital Group Ltd. (NASDAQ:ACGL) Will Post Quarterly Sales of $1.14 Billion (americanbankingnews.com)
- Zacks: Brokerages Expect Arch Capital Group Ltd. (NASDAQ:ACGL) Will Announce Earnings of $1.28 Per Share (americanbankingnews.com)
Arch Capital Group (NASDAQ:ACGL) traded down 0.42% during midday trading on Thursday, hitting $96.53. 329,282 shares of the company’s stock traded hands. The company has a 50 day moving average of $96.11 and a 200-day moving average of $94.73. The company has a market capitalization of $12.98 billion, a PE ratio of 17.56 and a beta of 0.67. Arch Capital Group has a 52 week low of $74.16 and a 52 week high of $99.47.
Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.28 billion. Arch Capital Group had a return on equity of 8.76% and a net margin of 15.65%. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.13 EPS. Equities research analysts predict that Arch Capital Group will post $5.35 earnings per share for the current year.
A number of equities research analysts recently commented on ACGL shares. Morgan Stanley increased their price objective on shares of Arch Capital Group from $90.00 to $96.00 and gave the company an “equal weight” rating in a research note on Friday, April 28th. Wells Fargo & Company reissued a “hold” rating on shares of Arch Capital Group in a research note on Wednesday, June 7th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $95.00 price objective on shares of Arch Capital Group in a research note on Tuesday, July 4th. BidaskClub raised shares of Arch Capital Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Zacks Investment Research cut shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Arch Capital Group currently has a consensus rating of “Hold” and an average target price of $92.09.
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In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 20,000 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $95.39, for a total transaction of $1,907,800.00. Following the sale, the chief executive officer now owns 244,912 shares in the company, valued at approximately $23,362,155.68. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Constantine Iordanou sold 62,832 shares of the business’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $95.02, for a total value of $5,970,296.64. Following the sale, the chief executive officer now owns 108,851 shares in the company, valued at approximately $10,343,022.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 191,256 shares of company stock worth $18,352,593. Corporate insiders own 6.60% of the company’s stock.
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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