Arch Capital Group Ltd. (NASDAQ:ACGL) Expected to Post Q2 2024 Earnings of $2.10 Per Share

Arch Capital Group Ltd. (NASDAQ:ACGLFree Report) – Investment analysts at Zacks Research lifted their Q2 2024 earnings per share estimates for Arch Capital Group in a research note issued to investors on Monday, May 13th. Zacks Research analyst T. De now anticipates that the insurance provider will earn $2.10 per share for the quarter, up from their previous forecast of $2.02. The consensus estimate for Arch Capital Group’s current full-year earnings is $8.43 per share. Zacks Research also issued estimates for Arch Capital Group’s Q3 2024 earnings at $1.60 EPS, Q4 2024 earnings at $2.20 EPS, FY2024 earnings at $8.35 EPS, Q1 2025 earnings at $2.26 EPS, Q2 2025 earnings at $2.35 EPS, Q4 2025 earnings at $2.31 EPS, Q1 2026 earnings at $2.45 EPS and FY2026 earnings at $9.19 EPS.

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

ACGL has been the topic of several other research reports. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Arch Capital Group from $103.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. upped their price objective 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. Roth Mkm reissued a “buy” rating and issued a $110.00 target price on shares of Arch Capital Group in a research report on Tuesday, April 30th. Finally, Bank of America increased their price objective on shares of Arch Capital Group from $105.00 to $109.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.67.

Check Out Our Latest Report on ACGL

Arch Capital Group Trading Down 2.1 %

NASDAQ:ACGL opened at $97.91 on Tuesday. The company’s 50-day simple moving average is $92.50 and its 200 day simple moving average is $85.41. The firm has a market capitalization of $36.76 billion, a P/E ratio of 7.73, a PEG ratio of 1.19 and a beta of 0.57. Arch Capital Group has a one year low of $69.05 and a one year high of $100.86. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.59.

Insider Activity

In related news, CEO Maamoun Rajeh sold 50,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 336,170 shares in the company, valued at $29,408,151.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Arch Capital Group news, CEO Maamoun Rajeh sold 50,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total value of $4,374,000.00. Following the transaction, the chief executive officer now directly owns 336,170 shares in the company, valued at approximately $29,408,151.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Gansberg sold 10,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $96.64, for a total value of $966,400.00. Following the completion of the transaction, the chief executive officer now directly owns 228,035 shares in the company, valued at approximately $22,037,302.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 145,689 shares of company stock worth $12,838,617. 4.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. MQS Management LLC boosted its position in Arch Capital Group by 57.6% during the first quarter. MQS Management LLC now owns 11,930 shares of the insurance provider’s stock valued at $1,103,000 after purchasing an additional 4,362 shares in the last quarter. Ossiam boosted its holdings in shares of Arch Capital Group by 3.3% in the 1st quarter. Ossiam now owns 332,339 shares of the insurance provider’s stock valued at $30,721,000 after buying an additional 10,668 shares in the last quarter. Natixis grew its position in shares of Arch Capital Group by 30.5% in the 1st quarter. Natixis now owns 62,028 shares of the insurance provider’s stock worth $5,734,000 after buying an additional 14,495 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Arch Capital Group by 4.0% during the 1st quarter. Bessemer Group Inc. now owns 35,874 shares of the insurance provider’s stock worth $3,317,000 after acquiring an additional 1,390 shares in the last quarter. Finally, Atlanta Consulting Group Advisors LLC purchased a new stake in Arch Capital Group during the first quarter valued at approximately $233,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

About Arch Capital Group

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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.

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

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