Q3 EPS Estimate for Arch Capital Group Boosted by Analyst

Arch Capital Group Ltd. (NASDAQ:ACGL) – Zacks Research boosted their Q3 2028 earnings per share (EPS) estimates for Arch Capital Group in a note issued to investors on Tuesday, October 13th. Zacks Research analyst Team now forecasts that the insurance provider will post earnings of $2.39 per share for the quarter, up from their prior forecast of $2.38. The consensus estimate for Arch Capital Group’s current full-year earnings is $9.67 per share.

Several other equities analysts have also recently issued reports on the stock. Citigroup restated a “market outperform” rating on shares of Arch Capital Group in a research report on Wednesday, July 29th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $107.00 price target (down from $117.00) on shares of Arch Capital Group in a research note on Monday. JPMorgan Chase & Co. cut their price target on shares of Arch Capital Group from $118.00 to $113.00 and set a “neutral” rating on the stock in a report on Friday, October 9th. Mizuho set a $100.00 price target on shares of Arch Capital Group and gave the stock a “neutral” rating in a report on Wednesday, September 16th. Finally, Weiss Ratings raised shares of Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 9th. Six research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $108.39.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $97.60 on Thursday. The stock’s 50-day moving average is $97.11 and its 200-day moving average is $96.64. Arch Capital Group has a 1-year low of $82.44 and a 1-year high of $107.08. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.23. The stock has a market cap of $33.30 billion, a P/E ratio of 7.63, a price-to-earnings-growth ratio of 2.92 and a beta of 0.28.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.09. Arch Capital Group had a return on equity of 17.06% and a net margin of 24.40%. The business had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter in the prior year, the firm earned $2.58 EPS.

Institutional Investors Weigh In On Arch Capital Group

A number of institutional investors have recently modified their holdings of ACGL. Dimensional Fund Advisors LP raised its stake in Arch Capital Group by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 4,173,885 shares of the insurance provider’s stock worth $400,643,000 after buying an additional 117,929 shares during the last quarter. Madison Asset Management LLC acquired a new position in Arch Capital Group in the second quarter valued at $368,808,000. First Trust Advisors LP lifted its holdings in Arch Capital Group by 319.5% in the first quarter. First Trust Advisors LP now owns 2,626,148 shares of the insurance provider’s stock valued at $252,084,000 after buying an additional 2,000,162 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Arch Capital Group by 50.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,910,063 shares of the insurance provider’s stock valued at $183,347,000 after acquiring an additional 641,462 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in Arch Capital Group by 230.0% during the first quarter. Hsbc Holdings PLC now owns 1,286,178 shares of the insurance provider’s stock valued at $123,354,000 after acquiring an additional 896,480 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

Insider Activity at Arch Capital Group

In related news, CFO Francois Morin sold 11,010 shares of Arch Capital Group stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $99.32, for a total value of $1,093,513.20. Following the transaction, the chief financial officer directly owned 184,826 shares of the company’s stock, valued at $18,356,918.32. The trade was a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.30% of the stock is currently owned by corporate insiders.

About Arch Capital Group

Arch Capital Group Ltd. is a Bermuda-based insurance, reinsurance and mortgage insurance company whose shares trade on the Nasdaq under the symbol ACGL. The company was established in 1995 and has developed into a global provider of specialty risk-management products and services.

Through its insurance operations, Arch offers property, casualty, specialty, and accident and health coverage to businesses and other policyholders. Its reinsurance operations provide coverage and risk-transfer solutions to insurance companies across a range of property and casualty lines.