Arch Capital Group (NASDAQ:ACGL - Get Free Report) issued its quarterly earnings data on Monday. The insurance provider reported $2.26 EPS for the quarter, beating analysts' consensus estimates of $1.90 by $0.36, Zacks reports. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same quarter last year, the business posted $2.45 EPS.
Arch Capital Group Price Performance
ACGL traded down $1.86 during trading on Tuesday, hitting $89.60. The company's stock had a trading volume of 3,121,863 shares, compared to its average volume of 1,939,043. The firm's 50 day moving average price is $93.09 and its two-hundred day moving average price is $101.15. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group has a 12 month low of $82.75 and a 12 month high of $116.47. The stock has a market capitalization of $33.71 billion, a price-to-earnings ratio of 6.01, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the company. Keefe, Bruyette & Woods lowered their target price on Arch Capital Group from $121.00 to $120.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. Barclays lowered their target price on Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating on the stock in a report on Monday, January 6th. StockNews.com lowered Arch Capital Group from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. BMO Capital Markets lifted their price objective on Arch Capital Group from $98.00 to $104.00 and gave the stock a "market perform" rating in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. decreased their price objective on Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating on the stock in a report on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Arch Capital Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.00.
Check Out Our Latest Stock Report on Arch Capital Group
About Arch Capital Group
(
Get Free Report)
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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