Arch Capital Group Ltd. (NASDAQ:ACGL) to Post Q2 2024 Earnings of $2.11 Per Share, Zacks Research Forecasts

Arch Capital Group Ltd. (NASDAQ:ACGLFree Report) – Research analysts at Zacks Research boosted their Q2 2024 earnings estimates for Arch Capital Group in a research note issued to investors on Tuesday, May 28th. Zacks Research analyst T. De now forecasts that the insurance provider will earn $2.11 per share for the quarter, up from their previous forecast of $2.10. The consensus estimate for Arch Capital Group’s current full-year earnings is $8.55 per share. Zacks Research also issued estimates for Arch Capital Group’s Q4 2024 earnings at $2.21 EPS, FY2024 earnings at $8.37 EPS, Q1 2025 earnings at $2.31 EPS, Q2 2025 earnings at $2.36 EPS, FY2025 earnings at $8.89 EPS, Q1 2026 earnings at $2.47 EPS and FY2026 earnings at $9.32 EPS.

A number of other brokerages have also issued reports on ACGL. JPMorgan Chase & Co. lifted their target price on Arch Capital Group from $88.00 to $92.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Morgan Stanley boosted their price objective on shares of Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Roth Mkm reaffirmed a “buy” rating and issued a $110.00 target price on shares of Arch Capital Group in a research report on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Arch Capital Group from $103.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Finally, Evercore ISI increased their price objective on shares of Arch Capital Group from $98.00 to $100.00 and gave the stock an “in-line” rating in a research note on Tuesday, April 30th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $100.67.

Read Our Latest Report on Arch Capital Group

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $101.41 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market cap of $38.08 billion, a price-to-earnings ratio of 8.00, a price-to-earnings-growth ratio of 2.36 and a beta of 0.57. The stock’s 50-day moving average is $95.32 and its 200-day moving average is $86.84. Arch Capital Group has a one year low of $69.05 and a one year high of $103.79.

Arch Capital Group (NASDAQ:ACGLGet Free Report) last posted its quarterly earnings data on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, beating the consensus estimate of $2.06 by $0.39. The business had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. The firm’s revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.73 EPS.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the completion of the sale, the insider now owns 651,931 shares of the company’s stock, valued at approximately $57,057,001.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.52, for a total value of $5,251,200.00. Following the transaction, the insider now directly owns 651,931 shares of the company’s stock, valued at approximately $57,057,001.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Maamoun Rajeh sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total value of $4,374,000.00. Following the sale, the chief executive officer now owns 336,170 shares of the company’s stock, valued at approximately $29,408,151.60. The disclosure for this sale can be found here. Insiders have sold 145,689 shares of company stock worth $12,838,617 over the last 90 days. Company insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ACGL. Millington Financial Advisors LLC acquired a new position in shares of Arch Capital Group in the third quarter valued at about $1,030,000. Private Advisor Group LLC grew its position in shares of Arch Capital Group by 6.3% during the 3rd quarter. Private Advisor Group LLC now owns 7,700 shares of the insurance provider’s stock worth $614,000 after purchasing an additional 454 shares in the last quarter. Ieq Capital LLC bought a new position in shares of Arch Capital Group during the third quarter worth approximately $315,000. Lincoln National Corp raised its position in shares of Arch Capital Group by 12.8% in the third quarter. Lincoln National Corp now owns 4,026 shares of the insurance provider’s stock valued at $321,000 after buying an additional 457 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Arch Capital Group by 1.1% in the third quarter. Victory Capital Management Inc. now owns 379,904 shares of the insurance provider’s stock valued at $30,282,000 after buying an additional 4,146 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Company Profile

(Get Free Report)

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.

See Also

Earnings History and Estimates for Arch Capital Group (NASDAQ:ACGL)

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