Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) - Investment analysts at Zacks Research raised their Q2 2024 earnings per share estimates for shares of Arch Capital Group in a research note issued to investors on Monday, May 13th. Zacks Research analyst T. De now anticipates that the insurance provider will post earnings of $2.10 per share for the quarter, up from their previous estimate of $2.02. The consensus estimate for Arch Capital Group's current full-year earnings is $8.43 per share. Zacks Research also issued estimates for Arch Capital Group's Q3 2024 earnings at $1.60 EPS, Q4 2024 earnings at $2.20 EPS, FY2024 earnings at $8.35 EPS, Q1 2025 earnings at $2.26 EPS, Q2 2025 earnings at $2.35 EPS, Q4 2025 earnings at $2.31 EPS, Q1 2026 earnings at $2.45 EPS and FY2026 earnings at $9.19 EPS.
ACGL has been the subject of a number of other research reports. Citigroup cut their price objective on shares of Arch Capital Group from $91.00 to $89.00 and set a "neutral" rating for the company in a report on Monday, January 22nd. Evercore ISI increased their price target on Arch Capital Group from $98.00 to $100.00 and gave the company an "in-line" rating in a report on Tuesday, April 30th. Royal Bank of Canada reissued an "outperform" rating and set a $98.00 price objective on shares of Arch Capital Group in a research note on Friday, February 16th. JMP Securities raised their target price on Arch Capital Group from $100.00 to $110.00 and gave the stock a "market outperform" rating in a research note on Tuesday, April 30th. Finally, Wells Fargo & Company lifted their price target on Arch Capital Group from $109.00 to $110.00 and gave the stock an "overweight" rating in a report on Wednesday, May 1st. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $100.67.
Check Out Our Latest Stock Analysis on ACGL
Arch Capital Group Price Performance
Shares of NASDAQ ACGL traded down $0.01 during mid-day trading on Tuesday, reaching $97.90. The company's stock had a trading volume of 1,133,471 shares, compared to its average volume of 1,695,209. The stock has a 50-day moving average of $92.71 and a two-hundred day moving average of $85.53. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market capitalization of $36.76 billion, a P/E ratio of 7.73, a P/E/G ratio of 1.19 and a beta of 0.57. Arch Capital Group has a 1-year low of $69.05 and a 1-year high of $100.86.
Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, beating the consensus estimate of $2.06 by $0.39. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the prior year, the company earned $1.73 EPS. The firm's revenue was up 19.3% compared to the same quarter last year.
Institutional Investors Weigh In On Arch Capital Group
Hedge funds and other institutional investors have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale grew its position in shares of Arch Capital Group by 6.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 205,548 shares of the insurance provider's stock worth $16,756,000 after acquiring an additional 11,594 shares during the last quarter. SG Americas Securities LLC increased its stake in Arch Capital Group by 601.1% in the fourth quarter. SG Americas Securities LLC now owns 141,370 shares of the insurance provider's stock valued at $10,500,000 after purchasing an additional 121,206 shares during the period. Treasurer of the State of North Carolina raised its holdings in shares of Arch Capital Group by 0.7% in the third quarter. Treasurer of the State of North Carolina now owns 209,153 shares of the insurance provider's stock valued at $16,672,000 after buying an additional 1,504 shares during the last quarter. Millington Financial Advisors LLC purchased a new stake in shares of Arch Capital Group in the third quarter valued at about $1,030,000. Finally, Wedge Capital Management L L P NC boosted its stake in shares of Arch Capital Group by 28.9% during the fourth quarter. Wedge Capital Management L L P NC now owns 205,698 shares of the insurance provider's stock worth $15,277,000 after buying an additional 46,089 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of Arch Capital Group stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the completion of the transaction, the insider now directly owns 651,931 shares of the company's stock, valued at approximately $57,057,001.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Nicolas Papadopoulo sold 60,000 shares of the company's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the sale, the insider now owns 651,931 shares of the company's stock, valued at $57,057,001.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Maamoun Rajeh sold 50,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total value of $4,374,000.00. Following the completion of the sale, the chief executive officer now owns 336,170 shares in the company, valued at $29,408,151.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 145,689 shares of company stock valued at $12,838,617. Company insiders own 4.00% of the company's stock.
About Arch Capital Group
(
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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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