Arch Capital Group (NASDAQ:ACGL) Releases Earnings Results, Beats Expectations By $0.36 EPS

Arch Capital Group (NASDAQ:ACGL) posted its quarterly earnings data on Monday. The insurance provider reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.36, Zacks reports. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same period in the previous year, the firm posted $2.45 earnings per share.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $91.46 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. Arch Capital Group has a 52 week low of $82.75 and a 52 week high of $116.47. The company’s 50 day moving average price is $93.29 and its two-hundred day moving average price is $101.21. The company has a market capitalization of $34.41 billion, a P/E ratio of 6.14, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ACGL shares. Barclays cut their price target on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Bank of America dropped their price target on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a research note on Friday, November 15th. JPMorgan Chase & Co. reduced their price objective on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Finally, Wells Fargo & Company dropped their target price on shares of Arch Capital Group from $109.00 to $107.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

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.