Arch Capital Group (NASDAQ:ACGL – Get Free Report) announced its earnings results on Tuesday. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.36, Briefing.com reports. The firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.89 billion. Arch Capital Group had a return on equity of 22.39% and a net margin of 35.19%. The business’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.92 EPS.
Arch Capital Group Trading Up 1.4 %
ACGL traded up $1.32 during trading hours on Thursday, reaching $97.10. The company’s stock had a trading volume of 1,977,932 shares, compared to its average volume of 1,670,112. Arch Capital Group has a fifty-two week low of $72.85 and a fifty-two week high of $103.79. The stock has a market cap of $36.46 billion, a PE ratio of 7.57, a P/E/G ratio of 1.64 and a beta of 0.58. The business’s 50-day moving average is $99.32 and its 200-day moving average is $92.94. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.59.
Insiders Place Their Bets
In related news, CEO David Gansberg sold 10,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $96.64, for a total value of $966,400.00. Following the sale, the chief executive officer now directly owns 228,035 shares in the company, valued at approximately $22,037,302.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.20% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on ACGL
Arch Capital Group Company Profile
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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