Wall Street brokerages predict that Arch Capital Group Ltd. (NASDAQ:ACGL) will report $1.21 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Arch Capital Group’s earnings. The highest sales estimate is $1.21 billion and the lowest is $1.20 billion. Arch Capital Group posted sales of $1.23 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 1.6%. The firm is scheduled to issue its next earnings report after the market closes on Tuesday, May 1st.

According to Zacks, analysts expect that Arch Capital Group will report full-year sales of $4.90 billion for the current year, with estimates ranging from $4.89 billion to $4.91 billion. For the next year, analysts expect that the company will post sales of $5.07 billion per share, with estimates ranging from $5.00 billion to $5.14 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Arch Capital Group.

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Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, February 12th. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.21. Arch Capital Group had a return on equity of 5.87% and a net margin of 11.21%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the business earned $1.13 EPS. Arch Capital Group’s revenue was up 27.4% compared to the same quarter last year.

A number of brokerages recently issued reports on ACGL. BidaskClub downgraded Arch Capital Group from a “hold” rating to a “sell” rating in a report on Thursday, April 12th. Wells Fargo set a $96.00 price objective on Arch Capital Group and gave the company a “hold” rating in a research report on Monday, April 2nd. ValuEngine cut Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Finally, Keefe, Bruyette & Woods raised Arch Capital Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Arch Capital Group has an average rating of “Hold” and an average price target of $102.43.

NASDAQ:ACGL traded up $0.24 during mid-day trading on Friday, reaching $82.38. 35,435 shares of the company’s stock traded hands, compared to its average volume of 674,194. Arch Capital Group has a 12-month low of $78.19 and a 12-month high of $102.60. The company has a market cap of $11,061.99, a PE ratio of 25.45, a P/E/G ratio of 1.18 and a beta of 0.61. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.79 and a quick ratio of 0.79.

In other news, CFO Mark Donald Lyons sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $84.16, for a total value of $504,960.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Constantine Iordanou purchased 7,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was bought at an average cost of $23.80 per share, for a total transaction of $166,600.00. Following the completion of the transaction, the chief executive officer now owns 7,000 shares in the company, valued at $166,600. The disclosure for this purchase can be found here. Insiders own 5.10% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of ACGL. Wells Fargo & Company MN boosted its position in shares of Arch Capital Group by 18.1% in the 4th quarter. Wells Fargo & Company MN now owns 2,847,716 shares of the insurance provider’s stock worth $258,488,000 after purchasing an additional 436,449 shares in the last quarter. Victory Capital Management Inc. lifted its position in Arch Capital Group by 141.2% in the 4th quarter. Victory Capital Management Inc. now owns 585,047 shares of the insurance provider’s stock valued at $53,105,000 after acquiring an additional 342,497 shares in the last quarter. Partners Capital Investment Group LLP bought a new position in Arch Capital Group in the 4th quarter valued at approximately $27,245,000. Investec Asset Management LTD bought a new position in Arch Capital Group in the 4th quarter valued at approximately $23,000,000. Finally, Amundi Pioneer Asset Management Inc. bought a new position in Arch Capital Group in the 4th quarter valued at approximately $17,462,000. 77.85% of the stock is currently owned by hedge funds and other institutional investors.

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

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