Arch Capital Group (NASDAQ:ACGL) Posts Earnings Results, Misses Expectations By $0.05 EPS

Arch Capital Group (NASDAQ:ACGL - Get Free Report) posted its quarterly earnings results on Tuesday. The insurance provider reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.05), Zacks reports. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%.

Arch Capital Group Trading Up 1.3 %

NASDAQ:ACGL traded up $1.20 during midday trading on Tuesday, hitting $92.39. 1,271,446 shares of the company traded hands, compared to its average volume of 1,736,704. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The firm's fifty day moving average is $91.90 and its 200-day moving average is $94.81. The firm has a market capitalization of $34.71 billion, a P/E ratio of 8.25, a P/E/G ratio of 2.31 and a beta of 0.36. Arch Capital Group has a 12-month low of $82.49 and a 12-month high of $116.47.

Analyst Upgrades and Downgrades

ACGL has been the subject of a number of research reports. JMP Securities reiterated a "market outperform" rating and set a $125.00 price objective on shares of Arch Capital Group in a research report on Tuesday, February 11th. Royal Bank of Canada reduced their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Barclays lowered their target price on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. Morgan Stanley lowered their price objective on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Finally, Keefe, Bruyette & Woods decreased their target price on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Arch Capital Group has a consensus rating of "Moderate Buy" and an average price target of $114.88.

Insiders Place Their Bets

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the transaction, the insider now directly owns 140,023 shares in the company, valued at $12,742,093. This trade represents a 7.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.20% of the stock is owned by insiders.

Arch Capital Group Company Profile

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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