Zacks Research Analysts Increase Earnings Estimates for Arch Capital Group Ltd. (NASDAQ:ACGL)

Arch Capital Group Ltd. (NASDAQ:ACGL) – Analysts at Zacks Research boosted their Q3 2024 earnings per share estimates for shares of Arch Capital Group in a research note issued on Monday, August 12th. Zacks Research analyst T. De now anticipates that the insurance provider will post earnings of $1.64 per share for the quarter, up from their prior estimate of $1.60. The consensus estimate for Arch Capital Group’s current full-year earnings is $8.93 per share. Zacks Research also issued estimates for Arch Capital Group’s Q4 2024 earnings at $2.22 EPS, FY2024 earnings at $8.89 EPS, Q1 2025 earnings at $2.38 EPS, Q2 2025 earnings at $2.47 EPS, FY2025 earnings at $9.18 EPS, Q2 2026 earnings at $2.73 EPS and FY2026 earnings at $9.57 EPS.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.36. The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.92 earnings per share.

A number of other research firms have also recently issued reports on ACGL. JPMorgan Chase & Co. increased their price target on Arch Capital Group from $106.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Royal Bank of Canada raised their price target on shares of Arch Capital Group from $108.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. JMP Securities lifted their price target on shares of Arch Capital Group from $110.00 to $115.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 31st. StockNews.com cut shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Finally, Bank of America decreased their target price on Arch Capital Group from $119.00 to $118.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $105.56.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $101.65 on Wednesday. The company has a market capitalization of $38.23 billion, a PE ratio of 8.02, a P/E/G ratio of 1.80 and a beta of 0.58. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.16. Arch Capital Group has a twelve month low of $72.85 and a twelve month high of $103.79. The firm has a fifty day simple moving average of $98.56 and a 200 day simple moving average of $94.28.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ACGL. Larson Financial Group LLC bought a new stake in Arch Capital Group during the 4th quarter valued at approximately $30,000. UMB Bank n.a. bought a new position in Arch Capital Group during the second quarter valued at $30,000. Baldwin Brothers LLC MA grew its position in Arch Capital Group by 50.7% in the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 104 shares in the last quarter. Richardson Financial Services Inc. bought a new position in shares of Arch Capital Group during the 4th quarter valued at approximately $33,000. Finally, Rothschild Investment LLC bought a new position in Arch Capital Group during the second quarter valued at $35,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

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.