Arch Capital Group Ltd. (ACGL) Expected to Announce Quarterly Sales of $1.19 Billion

Wall Street analysts expect that Arch Capital Group Ltd. (NASDAQ:ACGL) will post sales of $1.19 billion for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Arch Capital Group’s earnings. Arch Capital Group posted sales of $1.06 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.3%. The company is expected to issue its next earnings report after the market closes on Monday, February 12th.

According to Zacks, analysts expect that Arch Capital Group will report full-year sales of $1.19 billion for the current fiscal year. For the next year, analysts anticipate that the business will post sales of $4.85 billion per share, with estimates ranging from $4.84 billion to $4.87 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Arch Capital Group.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.59) by ($0.20). The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.16 billion. Arch Capital Group had a return on equity of 5.57% and a net margin of 9.44%. The company’s revenue was up 30.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.14 earnings per share.

A number of research firms recently commented on ACGL. BidaskClub upgraded shares of Arch Capital Group from a “strong sell” rating to a “sell” rating in a report on Tuesday. Wells Fargo & Co reiterated a “hold” rating and set a $96.00 price target on shares of Arch Capital Group in a report on Tuesday, January 9th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $101.00 price target on shares of Arch Capital Group in a report on Wednesday, December 6th. UBS Group reiterated a “buy” rating on shares of Arch Capital Group in a report on Monday, October 30th. Finally, Zacks Investment Research upgraded shares of Arch Capital Group from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, six have issued 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 $100.40.

Shares of Arch Capital Group (NASDAQ:ACGL) opened at $89.92 on Friday. The firm has a market cap of $11,959.26, a P/E ratio of 29.01, a PEG ratio of 1.34 and a beta of 0.67. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.49. Arch Capital Group has a 1-year low of $86.58 and a 1-year high of $102.60.

In other news, CEO Nicolas Papadopoulo sold 54,554 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $95.53, for a total value of $5,211,543.62. Following the sale, the chief executive officer now directly owns 147,481 shares of the company’s stock, valued at approximately $14,088,859.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Louis T. Petrillo sold 5,921 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $91.07, for a total transaction of $539,225.47. Following the completion of the sale, the insider now directly owns 43,268 shares in the company, valued at $3,940,416.76. The disclosure for this sale can be found here. Insiders sold a total of 65,975 shares of company stock worth $6,256,989 over the last ninety days. Insiders own 6.60% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Arch Capital Group by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 10,331,707 shares of the insurance provider’s stock valued at $963,845,000 after acquiring an additional 742,855 shares during the period. WINTON GROUP Ltd lifted its stake in Arch Capital Group by 47.2% during the 3rd quarter. WINTON GROUP Ltd now owns 11,448 shares of the insurance provider’s stock valued at $1,128,000 after acquiring an additional 3,669 shares during the period. Goldman Sachs Group Inc. lifted its stake in Arch Capital Group by 32.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,609,474 shares of the insurance provider’s stock valued at $150,148,000 after acquiring an additional 395,629 shares during the period. Shell Asset Management Co. lifted its stake in Arch Capital Group by 421.3% during the 3rd quarter. Shell Asset Management Co. now owns 329,393 shares of the insurance provider’s stock valued at $18,024,000 after acquiring an additional 266,207 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its stake in Arch Capital Group by 7.9% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 34,300 shares of the insurance provider’s stock valued at $3,379,000 after acquiring an additional 2,500 shares during the period. 79.43% of the stock is currently owned by institutional investors.

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About Arch Capital Group

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. 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.

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