$0.52 EPS Expected for Arch Capital Group Ltd. (ACGL) This Quarter

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Wall Street analysts expect that Arch Capital Group Ltd. (NASDAQ:ACGL) will report earnings per share of $0.52 for the current quarter, Zacks reports. Two analysts have provided estimates for Arch Capital Group’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.55. Arch Capital Group posted earnings of ($0.26) per share in the same quarter last year, which indicates a positive year over year growth rate of 300%. The business is expected to issue its next earnings report after the market closes on Tuesday, October 30th.

According to Zacks, analysts expect that Arch Capital Group will report full year earnings of $2.23 per share for the current year, with EPS estimates ranging from $2.16 to $2.25. For the next year, analysts forecast that the business will report earnings of $2.37 per share, with EPS estimates ranging from $2.29 to $2.45. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Arch Capital Group.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Tuesday, July 31st. The insurance provider reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.06. Arch Capital Group had a net margin of 10.47% and a return on equity of 6.86%. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the previous year, the company earned $1.21 earnings per share.

Several equities analysts recently issued reports on ACGL shares. BidaskClub cut shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Thursday, September 13th. Zacks Investment Research cut shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. Bank of America boosted their price target on shares of Arch Capital Group from $28.00 to $30.00 and gave the company an “underperform” rating in a research report on Wednesday, August 1st. ValuEngine cut shares of Arch Capital Group from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Arch Capital Group in a research report on Thursday, August 2nd. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Arch Capital Group has a consensus rating of “Hold” and a consensus price target of $21.91.

Shares of NASDAQ ACGL traded up $0.13 during midday trading on Friday, hitting $26.70. 1,328,300 shares of the company traded hands, compared to its average volume of 1,651,496. Arch Capital Group has a 12-month low of $25.71 and a 12-month high of $33.62. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $11.11 billion, a P/E ratio of 24.84, a P/E/G ratio of 1.12 and a beta of 0.69.

In other Arch Capital Group news, Director John D. Vollaro sold 10,500 shares of the company’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $30.06, for a total value of $315,630.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Louis T. Petrillo sold 9,573 shares of the company’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $30.43, for a total transaction of $291,306.39. The disclosure for this sale can be found here. Insiders have sold 35,073 shares of company stock worth $1,056,936 in the last quarter. 5.10% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. WINTON GROUP Ltd grew its holdings in Arch Capital Group by 11.5% in the first quarter. WINTON GROUP Ltd now owns 10,102 shares of the insurance provider’s stock worth $865,000 after purchasing an additional 1,044 shares during the period. Xact Kapitalforvaltning AB grew its holdings in Arch Capital Group by 9.4% in the first quarter. Xact Kapitalforvaltning AB now owns 12,868 shares of the insurance provider’s stock worth $1,101,000 after purchasing an additional 1,103 shares during the period. PNC Financial Services Group Inc. grew its holdings in Arch Capital Group by 26.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,441 shares of the insurance provider’s stock worth $465,000 after purchasing an additional 1,136 shares during the period. Zions Bancorporation grew its holdings in Arch Capital Group by 29.6% in the second quarter. Zions Bancorporation now owns 7,824 shares of the insurance provider’s stock worth $207,000 after purchasing an additional 1,788 shares during the period. Finally, Fox Run Management L.L.C. grew its holdings in Arch Capital Group by 20.1% in the second quarter. Fox Run Management L.L.C. now owns 11,560 shares of the insurance provider’s stock worth $306,000 after purchasing an additional 1,932 shares during the period. Institutional investors and hedge funds own 80.64% of the company’s stock.

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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