Arch Capital Group Ltd. (ACGL) Expected to Post Quarterly Sales of $1.25 Billion

Analysts predict that Arch Capital Group Ltd. (NASDAQ:ACGL) will report $1.25 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Arch Capital Group’s earnings, with the highest sales estimate coming in at $1.27 billion and the lowest estimate coming in at $1.23 billion. Arch Capital Group posted sales of $1.38 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 9.4%. The company is scheduled to issue its next earnings results on Wednesday, October 24th.

According to Zacks, analysts expect that Arch Capital Group will report full-year sales of $4.97 billion for the current fiscal year, with estimates ranging from $4.91 billion to $5.03 billion. For the next financial year, analysts expect that the company will post sales of $5.17 billion per share, with estimates ranging from $5.06 billion to $5.28 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Arch Capital Group.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, July 31st. The insurance provider reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.06. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.24 billion. Arch Capital Group had a return on equity of 6.86% and a net margin of 10.47%. During the same quarter in the previous year, the business earned $1.21 earnings per share.

A number of equities research analysts have recently commented on the company. BidaskClub raised Arch Capital Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 21st. Credit Suisse Group assumed coverage on Arch Capital Group in a research report on Tuesday, August 7th. They issued a “neutral” rating and a $34.00 price objective for the company. Zacks Investment Research downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 12th. ValuEngine downgraded Arch Capital Group from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Arch Capital Group in a research report on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. Arch Capital Group currently has an average rating of “Hold” and a consensus price target of $18.33.

Shares of NASDAQ:ACGL traded up $0.18 during midday trading on Tuesday, reaching $30.63. The company’s stock had a trading volume of 732,694 shares, compared to its average volume of 1,855,677. The company has a market cap of $12.25 billion, a P/E ratio of 28.51, a P/E/G ratio of 1.23 and a beta of 0.69. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.31. Arch Capital Group has a 1 year low of $25.71 and a 1 year high of $34.20.

In other Arch Capital Group news, CFO Francois Morin sold 1,938 shares of the business’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $83.11, for a total transaction of $161,067.18. Following the completion of the sale, the chief financial officer now owns 8,902 shares of the company’s stock, valued at $739,845.22. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew Rippert sold 6,170 shares of the business’s stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $80.88, for a total value of $499,029.60. Following the sale, the chief executive officer now directly owns 33,489 shares of the company’s stock, valued at approximately $2,708,590.32. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the business. Insight 2811 Inc. lifted its stake in shares of Arch Capital Group by 30.0% during the first quarter. Insight 2811 Inc. now owns 4,203 shares of the insurance provider’s stock worth $360,000 after purchasing an additional 970 shares in the last quarter. WINTON GROUP Ltd lifted its stake in shares of Arch Capital Group by 11.5% during the first quarter. WINTON GROUP Ltd now owns 10,102 shares of the insurance provider’s stock worth $865,000 after purchasing an additional 1,044 shares in the last quarter. Xact Kapitalforvaltning AB lifted its stake in shares of Arch Capital Group by 9.4% during the first quarter. Xact Kapitalforvaltning AB now owns 12,868 shares of the insurance provider’s stock worth $1,101,000 after purchasing an additional 1,103 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Arch Capital Group by 26.4% during the first quarter. PNC Financial Services Group Inc. now owns 5,441 shares of the insurance provider’s stock worth $465,000 after purchasing an additional 1,136 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Arch Capital Group by 3.8% during the first quarter. BNP Paribas Arbitrage SA now owns 34,061 shares of the insurance provider’s stock worth $2,915,000 after purchasing an additional 1,238 shares in the last quarter. 31.23% 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 property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; 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.

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