Analysts expect Arch Capital Group Ltd. (NASDAQ:ACGL) to post sales of $1.29 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Arch Capital Group’s earnings, with estimates ranging from $1.20 billion to $1.38 billion. Arch Capital Group reported sales of $1.23 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 4.9%. The company is scheduled to report its next quarterly earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that Arch Capital Group will report full-year sales of $1.29 billion for the current year, with estimates ranging from $4.91 billion to $5.59 billion. For the next year, analysts expect that the business will post sales of $5.48 billion per share, with estimates ranging from $5.14 billion to $5.81 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Arch Capital Group.
Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, February 12th. The insurance provider reported $1.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.21. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Arch Capital Group had a return on equity of 5.87% and a net margin of 11.21%. The business’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.13 earnings per share.
In related news, CEO Constantine Iordanou bought 7,000 shares of Arch Capital Group stock in a transaction that occurred on Thursday, February 15th. The shares were acquired at an average cost of $23.80 per share, for a total transaction of $166,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 7,000 shares of the company’s stock, valued at approximately $166,600. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark Donald Lyons sold 5,500 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $92.04, for a total value of $506,220.00. The disclosure for this sale can be found here. Insiders sold 17,421 shares of company stock worth $1,581,785 over the last quarter. 6.60% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Arch Capital Group by 7.4% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 66,919 shares of the insurance provider’s stock valued at $6,074,000 after buying an additional 4,630 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in Arch Capital Group by 80.0% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,400 shares of the insurance provider’s stock valued at $490,000 after buying an additional 2,400 shares during the period. Sterling Capital Management LLC acquired a new position in Arch Capital Group in the fourth quarter valued at approximately $1,288,000. BB&T Securities LLC acquired a new position in Arch Capital Group in the fourth quarter valued at approximately $488,000. Finally, Millennium Management LLC acquired a new position in Arch Capital Group in the fourth quarter valued at approximately $2,823,000. 77.40% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Arch Capital Group (NASDAQ:ACGL) opened at $88.07 on Friday. The firm has a market capitalization of $11,537.87, a PE ratio of 27.69, a PEG ratio of 1.29 and a beta of 0.63. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.79 and a current ratio of 0.79. Arch Capital Group has a twelve month low of $85.35 and a twelve month high of $102.60.
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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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