News articles about Arch Capital Group (NASDAQ:ACGL) have been trending positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Arch Capital Group earned a coverage optimism score of 0.42 on Accern’s scale. Accern also assigned headlines about the insurance provider an impact score of 46.1599248568559 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- First reinsurer warning on Harvey, Irma – Seeking Alpha (seekingalpha.com)
- Form 4 ARCH CAPITAL GROUP LTD. For: Sep 12 Filed by: Papadopoulo Nicolas (streetinsider.com)
- Arch Capital Group Ltd. (ACGL) CFO Mark Donald Lyons Sells 9,967 Shares (americanbankingnews.com)
- Nicolas Papadopoulo Sells 38,918 Shares of Arch Capital Group Ltd. (ACGL) Stock (americanbankingnews.com)
- The Arch Capital Group Ltd. (ACGL) Position Held by Ruffer LLP (currenthollywood.com)
Several research firms have recently weighed in on ACGL. BidaskClub upgraded shares of Arch Capital Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Wells Fargo & Company restated a “hold” rating on shares of Arch Capital Group in a research note on Wednesday, July 26th. Keefe, Bruyette & Woods restated a “hold” rating and set a $95.00 price objective on shares of Arch Capital Group in a research note on Tuesday, July 4th. Buckingham Research initiated coverage on shares of Arch Capital Group in a research note on Monday. They set a “buy” rating and a $106.00 price objective on the stock. Finally, Zacks Investment Research downgraded shares of Arch Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $95.63.
Arch Capital Group (NASDAQ ACGL) traded down 0.07% during mid-day trading on Friday, reaching $96.41. 1,048,654 shares of the company’s stock were exchanged. Arch Capital Group has a 52-week low of $76.47 and a 52-week high of $99.47. The company has a 50-day moving average of $96.61 and a 200-day moving average of $95.60. The stock has a market cap of $12.97 billion, a price-to-earnings ratio of 17.54 and a beta of 0.67.
Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Wednesday, July 26th. The insurance provider reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.01. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.28 billion. Arch Capital Group had a net margin of 15.65% and a return on equity of 8.76%. The firm’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.13 EPS. Equities research analysts anticipate that Arch Capital Group will post $5.28 earnings per share for the current year.
In other Arch Capital Group news, CFO Mark Donald Lyons sold 9,967 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $97.31, for a total transaction of $969,888.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Constantine Iordanou sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $97.88, for a total transaction of $4,894,000.00. Following the sale, the chief executive officer now directly owns 171,901 shares of the company’s stock, valued at $16,825,669.88. The disclosure for this sale can be found here. Insiders sold a total of 195,579 shares of company stock valued at $18,756,983 over the last three months. 6.60% of the stock is currently owned by insiders.
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About Arch Capital Group
Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.
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