Zacks Research Issues Positive Forecast for ACGL Earnings

Key Points

• Zacks Research raised Arch Capital Group’s Q3 2028 EPS forecast to $2.39 from $2.38, while the consensus estimate for full-year earnings is $9.67 per share.
• Analyst sentiment remains mixed: six analysts rate ACGL a Buy, seven a Hold and one a Sell, resulting in a consensus Hold rating and a $108.39 average price target.
• Arch Capital recently beat quarterly expectations with $2.56 EPS and $4.67 billion in revenue. The stock opened at $97.60, while institutional investors own 89.07% of shares and the CFO recently sold 11,010 shares.

Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) - Analysts at Zacks Research lifted their Q3 2028 earnings per share estimates for Arch Capital Group in a research report issued to clients and investors on Tuesday, October 13th. Zacks Research analyst Team now forecasts that the insurance provider will post earnings of $2.39 per share for the quarter, up from their prior estimate of $2.38. The consensus estimate for Arch Capital Group's current full-year earnings is $9.67 per share.

A number of other brokerages also recently weighed in on ACGL. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $107.00 target price (down from $117.00) on shares of Arch Capital Group in a research note on Monday. Atlantic Securities set a $126.00 target price on shares of Arch Capital Group in a research note on Wednesday, July 15th. Mizuho set a $100.00 price target on shares of Arch Capital Group and gave the stock a "neutral" rating in a research report on Wednesday, September 16th. Keefe, Bruyette & Woods dropped their price target on shares of Arch Capital Group from $99.00 to $95.00 and set a "market perform" rating for the company in a research note on Monday. Finally, Morgan Stanley set a $100.00 price objective on shares of Arch Capital Group and gave the company an "equal weight" rating in a research note on Tuesday. Six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Arch Capital Group currently has a consensus rating of "Hold" and a consensus price target of $108.39.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $97.60 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a fifty day moving average price of $97.11 and a two-hundred day moving average price of $96.64. Arch Capital Group has a 52-week low of $82.44 and a 52-week high of $107.08. The firm has a market capitalization of $33.30 billion, a P/E ratio of 7.63, a P/E/G ratio of 2.92 and a beta of 0.28.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Tuesday, July 28th. The insurance provider reported $2.56 EPS for the quarter, beating analysts' consensus estimates of $2.47 by $0.09. The business had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.36 billion. Arch Capital Group had a return on equity of 17.06% and a net margin of 24.40%. During the same period in the prior year, the company posted $2.58 earnings per share.

Insider Buying and Selling

In related news, CFO Francois Morin sold 11,010 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $99.32, for a total transaction of $1,093,513.20. Following the completion of the transaction, the chief financial officer directly owned 184,826 shares in the company, valued at approximately $18,356,918.32. This trade represents a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.30% of the company's stock.

Hedge Funds Weigh In On Arch Capital Group

Several hedge funds have recently made changes to their positions in the business. Horizons Wealth Management acquired a new position in Arch Capital Group in the third quarter valued at about $25,000. Torren Management LLC lifted its holdings in shares of Arch Capital Group by 66.9% during the 2nd quarter. Torren Management LLC now owns 292 shares of the insurance provider's stock worth $28,000 after acquiring an additional 117 shares during the period. Continuum Advisory LLC acquired a new position in Arch Capital Group during the second quarter valued at approximately $46,000. MidFirst Bank acquired a new position in Arch Capital Group during the fourth quarter valued at approximately $46,000. Finally, Allied Private Wealth LLC acquired a new position in Arch Capital Group during the second quarter valued at approximately $69,000. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Company Profile

Arch Capital Group Ltd. is a Bermuda-based insurance, reinsurance and mortgage insurance company whose shares trade on the Nasdaq under the symbol ACGL. The company was established in 1995 and has developed into a global provider of specialty risk-management products and services.

Through its insurance operations, Arch offers property, casualty, specialty, and accident and health coverage to businesses and other policyholders. Its reinsurance operations provide coverage and risk-transfer solutions to insurance companies across a range of property and casualty lines.

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