Arch Capital Group (NASDAQ:ACGL) Posts Quarterly 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, beating analysts’ consensus estimates 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 quarter in the previous year, the business earned $2.45 EPS.

Arch Capital Group Stock Down 2.0 %

Shares of NASDAQ:ACGL opened at $89.60 on Wednesday. The company has a market capitalization of $33.71 billion, a price-to-earnings ratio of 6.01, a PEG ratio of 1.53 and a beta of 0.64. Arch Capital Group has a 12-month low of $82.75 and a 12-month high of $116.47. The business has a 50-day moving average price of $93.09 and a 200 day moving average price of $101.15. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17.

Analyst Ratings Changes

ACGL has been the subject of a number of recent analyst reports. JMP Securities reissued a “market outperform” rating and set a $125.00 target price on shares of Arch Capital Group in a research note on Tuesday. JPMorgan Chase & Co. reduced their price objective on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Keefe, Bruyette & Woods dropped their price target on Arch Capital Group from $121.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Bank of America decreased their price objective on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 15th. Finally, StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Arch Capital Group presently has a consensus rating of “Moderate Buy” and an average price target 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.