Q4 2017 Earnings Estimate for Arch Capital Group Ltd. (ACGL) Issued By Langen Mcalenn

Arch Capital Group Ltd. (NASDAQ:ACGL) – Equities researchers at Langen Mcalenn cut their Q4 2017 earnings estimates for Arch Capital Group in a report released on Tuesday. Langen Mcalenn analyst R. Glasspiegel now expects that the insurance provider will earn $1.11 per share for the quarter, down from their previous forecast of $1.21. Langen Mcalenn also issued estimates for Arch Capital Group’s FY2018 earnings at $5.90 EPS.

Several other equities research analysts have also recently issued reports on ACGL. BidaskClub upgraded shares of Arch Capital Group from a “strong sell” rating to a “sell” rating in a report on Tuesday. Keefe, Bruyette & Woods restated a “hold” rating and issued a $100.00 target price on shares of Arch Capital Group in a report on Thursday, September 21st. Wells Fargo & Co restated a “hold” rating and issued a $96.00 target price on shares of Arch Capital Group in a report on Tuesday, January 9th. Barclays lifted their price target on shares of Arch Capital Group from $91.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Monday, October 16th. Finally, UBS Group reiterated a “buy” rating on shares of Arch Capital Group in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Arch Capital Group presently has an average rating of “Hold” and an average target price of $100.40.

Shares of Arch Capital Group (ACGL) opened at $89.92 on Wednesday. Arch Capital Group has a fifty-two week low of $86.58 and a fifty-two week high of $102.60. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market cap of $11,908.22, a P/E ratio of 29.01, a P/E/G ratio of 1.33 and a beta of 0.67.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.59) by ($0.20). Arch Capital Group had a return on equity of 5.57% and a net margin of 9.44%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the business posted $1.14 EPS. The company’s revenue for the quarter was up 30.7% compared to the same quarter last year.

Several institutional investors have recently modified their holdings of ACGL. Prudential Financial Inc. raised its position in shares of Arch Capital Group by 8.8% during the 2nd quarter. Prudential Financial Inc. now owns 6,160 shares of the insurance provider’s stock valued at $575,000 after purchasing an additional 500 shares during the period. Neuberger Berman Group LLC raised its position in shares of Arch Capital Group by 22.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,730 shares of the insurance provider’s stock valued at $255,000 after purchasing an additional 503 shares during the period. CIBC World Markets Inc. bought a new stake in shares of Arch Capital Group during the 2nd quarter valued at $208,000. Aberdeen Asset Management PLC UK raised its position in shares of Arch Capital Group by 114.9% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 17,055 shares of the insurance provider’s stock valued at $1,591,000 after purchasing an additional 9,119 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Arch Capital Group by 3.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,577 shares of the insurance provider’s stock valued at $706,000 after purchasing an additional 237 shares during the period. Institutional investors and hedge funds own 79.43% of the company’s stock.

In other news, CEO Nicolas Papadopoulo sold 54,554 shares of Arch Capital Group stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $95.53, for a total transaction of $5,211,543.62. Following the transaction, the chief executive officer now owns 147,481 shares in the company, valued at approximately $14,088,859.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark Donald Lyons sold 5,500 shares of Arch Capital Group stock in a transaction on Monday, December 11th. The stock was sold at an average price of $92.04, for a total transaction of $506,220.00. The disclosure for this sale can be found here. Insiders have sold a total of 65,975 shares of company stock worth $6,256,989 in the last quarter. Corporate insiders own 6.60% of the company’s stock.

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About Arch Capital Group

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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