News headlines about Arch Capital Group (NASDAQ:ACGL) have been trending positive on Wednesday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Arch Capital Group earned a news sentiment score of 0.36 on Accern’s scale. Accern also gave news stories about the insurance provider an impact score of 46.3359412163208 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern’s analysis:
- What to Expect from the Insurance Industry in 2018 (finance.yahoo.com)
- Arch Capital appoints new CEO (intelligentinsurer.com)
- Free Research Report as Arch Capital’s Q4 Bottom-line Outshined Forecasts (finance.yahoo.com)
- BidaskClub Lowers Arch Capital Group (ACGL) to Strong Sell (americanbankingnews.com)
- Arch Capital Group (ACGL) Given a $96.00 Price Target at Wells Fargo (americanbankingnews.com)
Several equities research analysts recently weighed in on the company. Wells Fargo set a $96.00 target price on Arch Capital Group and gave the company a “hold” rating in a report on Monday, February 12th. BidaskClub upgraded Arch Capital Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 16th. ValuEngine cut Arch Capital Group from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $101.00 price objective on shares of Arch Capital Group in a report on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $100.50.
Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Monday, February 12th. The insurance provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.21. Arch Capital Group had a return on equity of 5.87% and a net margin of 11.21%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the business posted $1.13 EPS. The business’s revenue was up 27.4% on a year-over-year basis. equities analysts forecast that Arch Capital Group will post 6.21 EPS for the current year.
In other news, CFO Mark Donald Lyons sold 6,000 shares of the stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $84.16, for a total value of $504,960.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Constantine Iordanou bought 7,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was purchased at an average cost of $23.80 per share, with a total value of $166,600.00. Following the transaction, the chief executive officer now directly owns 7,000 shares in the company, valued at approximately $166,600. The disclosure for this purchase can be found here. 6.60% of the stock is currently owned by corporate insiders.
About Arch Capital Group
Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; 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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