Arch Capital Group Ltd. (ACGL) Scheduled to Post Quarterly Earnings on Monday, Report finds

Arch Capital Group Ltd. (ACGL) Scheduled to Post Quarterly Earnings on Monday, Report finds

Arch Capital Group Ltd. (NASDAQ:ACGL) will be posting its Q416 quarterly earnings results on Monday, February 13th. Analysts expect Arch Capital Group to post earnings of $0.98 per share and revenue of $883.15 million for the quarter.

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) opened at 92.01 on Thursday. The company’s 50-day moving average price is $87.77 and its 200 day moving average price is $81.60. Arch Capital Group Ltd. has a 1-year low of $65.02 and a 1-year high of $92.46. The firm has a market cap of $11.13 billion, a PE ratio of 17.49 and a beta of 0.60.

In other Arch Capital Group news, CEO Constantine Iordanou sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $87.24, for a total transaction of $4,362,000.00. Following the transaction, the chief executive officer now owns 242,622 shares in the company, valued at approximately $21,166,343.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark Donald Lyons sold 6,100 shares of the company’s stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of $83.14, for a total value of $507,154.00. The disclosure for this sale can be found here. Insiders have sold a total of 59,600 shares of company stock worth $5,174,109 in the last quarter. Company insiders own 6.30% of the company’s stock.

A number of equities research analysts have recently weighed in on ACGL shares. Zacks Investment Research raised Arch Capital Group from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Monday, October 17th. Barclays PLC reissued a “hold” rating and issued a $86.00 target price on shares of Arch Capital Group in a research note on Monday, January 9th. Langen Mcalenn reissued a “neutral” rating on shares of Arch Capital Group in a research note on Wednesday, January 18th. Credit Suisse Group raised Arch Capital Group from a “neutral” rating to an “outperform” rating and set a $100.00 target price for the company in a research note on Friday, January 6th. Finally, BMO Capital Markets raised Arch Capital Group from a “market perform” rating to an “outperform” rating and set a $99.00 target price for the company in a research note on Monday, December 12th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $87.09.

About Arch Capital Group

Arch Capital Group Ltd. writes insurance and reinsurance on worldwide basis. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The Company’s insurance, reinsurance and mortgage segments are underwriting segments. 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, which includes alternative market risks and excess workers’ compensation.

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Arch Capital Group Ltd. (ACGL) Scheduled to Post Quarterly Earnings on Monday

Arch Capital Group Ltd. (ACGL) Scheduled to Post Quarterly Earnings on Monday

Arch Capital Group Ltd. (NASDAQ:ACGL) will be posting its Q416 quarterly earnings results on Monday, February 13th. Analysts expect Arch Capital Group to post earnings of $0.98 per share and revenue of $883.15 million for the quarter.

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) opened at 92.01 on Thursday. The company’s 50-day moving average price is $87.77 and its 200 day moving average price is $81.60. Arch Capital Group Ltd. has a 1-year low of $65.02 and a 1-year high of $92.46. The firm has a market cap of $11.13 billion, a PE ratio of 17.49 and a beta of 0.60.

In other Arch Capital Group news, CEO Constantine Iordanou sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $87.24, for a total transaction of $4,362,000.00. Following the transaction, the chief executive officer now owns 242,622 shares in the company, valued at approximately $21,166,343.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark Donald Lyons sold 6,100 shares of the company’s stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of $83.14, for a total value of $507,154.00. The disclosure for this sale can be found here. Insiders have sold a total of 59,600 shares of company stock worth $5,174,109 in the last quarter. Company insiders own 6.30% of the company’s stock.

A number of equities research analysts have recently weighed in on ACGL shares. Zacks Investment Research raised Arch Capital Group from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Monday, October 17th. Barclays PLC reissued a “hold” rating and issued a $86.00 target price on shares of Arch Capital Group in a research note on Monday, January 9th. Langen Mcalenn reissued a “neutral” rating on shares of Arch Capital Group in a research note on Wednesday, January 18th. Credit Suisse Group raised Arch Capital Group from a “neutral” rating to an “outperform” rating and set a $100.00 target price for the company in a research note on Friday, January 6th. Finally, BMO Capital Markets raised Arch Capital Group from a “market perform” rating to an “outperform” rating and set a $99.00 target price for the company in a research note on Monday, December 12th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $87.09.

About Arch Capital Group

Arch Capital Group Ltd. writes insurance and reinsurance on worldwide basis. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The Company’s insurance, reinsurance and mortgage segments are underwriting segments. 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, which includes alternative market risks and excess workers’ compensation.

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Leave a Comment