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.