Wall Street brokerages expect that Arch Capital Group Ltd. (NASDAQ:ACGL) will report $1.28 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Arch Capital Group’s earnings, with the lowest EPS estimate coming in at $1.12 and the highest estimate coming in at $1.37. Arch Capital Group reported earnings per share of $1.14 in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.3%. The business is scheduled to announce its next earnings results on Wednesday, October 25th.

On average, analysts expect that Arch Capital Group will report full-year earnings of $5.37 per share for the current financial year, with EPS estimates ranging from $5.15 to $5.50. For the next financial year, analysts anticipate that the business will post earnings of $6.04 per share, with EPS estimates ranging from $5.75 to $6.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Arch Capital Group.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. Arch Capital Group had a net margin of 15.65% and a return on equity of 8.76%. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the firm earned $1.13 EPS. The company’s revenue for the quarter was up 22.0% on a year-over-year basis.

A number of equities analysts have issued reports on ACGL shares. Morgan Stanley lifted their target price on shares of Arch Capital Group from $90.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Friday, April 28th. Wells Fargo & Company restated a “hold” rating on shares of Arch Capital Group in a research report on Wednesday, June 7th. Keefe, Bruyette & Woods restated a “hold” rating and set a $95.00 target price on shares of Arch Capital Group in a research report on Tuesday, July 4th. BidaskClub upgraded shares of Arch Capital Group from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, Zacks Investment Research cut shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Arch Capital Group has a consensus rating of “Hold” and a consensus price target of $92.09.

Arch Capital Group (ACGL) opened at 97.26 on Friday. Arch Capital Group has a 52-week low of $74.01 and a 52-week high of $99.47. The company’s 50 day moving average is $95.82 and its 200 day moving average is $94.46. The firm has a market cap of $13.08 billion, a P/E ratio of 17.69 and a beta of 0.67.

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In other news, CEO Constantine Iordanou sold 62,832 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $95.02, for a total value of $5,970,296.64. Following the completion of the transaction, the chief executive officer now owns 108,851 shares of the company’s stock, valued at $10,343,022.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Louis T. Petrillo sold 2,990 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $94.98, for a total transaction of $283,990.20. Following the completion of the transaction, the insider now directly owns 56,268 shares of the company’s stock, valued at approximately $5,344,334.64. The disclosure for this sale can be found here. In the last three months, insiders sold 191,256 shares of company stock valued at $18,352,593. Company insiders own 6.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC increased its stake in Arch Capital Group by 75.5% in the first quarter. Proficio Capital Partners LLC now owns 1,095 shares of the insurance provider’s stock worth $104,000 after buying an additional 471 shares during the last quarter. Toronto Dominion Bank increased its stake in Arch Capital Group by 26.5% in the first quarter. Toronto Dominion Bank now owns 1,343 shares of the insurance provider’s stock worth $127,000 after buying an additional 281 shares during the last quarter. Parallel Advisors LLC increased its stake in Arch Capital Group by 13.1% in the first quarter. Parallel Advisors LLC now owns 1,350 shares of the insurance provider’s stock worth $130,000 after buying an additional 156 shares during the last quarter. Crow Point Partners LLC bought a new stake in Arch Capital Group during the second quarter worth about $174,000. Finally, Pacer Advisors Inc. bought a new stake in Arch Capital Group during the second quarter worth about $197,000. Hedge funds and other institutional investors own 70.23% of the company’s stock.

Arch Capital Group Company Profile

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

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