Zacks Research Expects Lower Earnings for Arch Capital Group

Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) - Research analysts at Zacks Research cut their FY2024 earnings per share (EPS) estimates for shares of Arch Capital Group in a research report issued on Wednesday, November 13th. Zacks Research analyst T. De now forecasts that the insurance provider will post earnings of $9.00 per share for the year, down from their previous forecast of $9.01. The consensus estimate for Arch Capital Group's current full-year earnings is $9.01 per share. Zacks Research also issued estimates for Arch Capital Group's Q4 2024 earnings at $1.99 EPS, Q1 2025 earnings at $2.37 EPS, Q2 2025 earnings at $2.44 EPS, FY2025 earnings at $9.11 EPS, Q1 2026 earnings at $2.57 EPS and FY2026 earnings at $9.73 EPS.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.05. The business had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same period last year, the company earned $2.31 earnings per share.

Several other analysts have also issued reports on ACGL. Wells Fargo & Company dropped their price target on shares of Arch Capital Group from $126.00 to $118.00 and set an "overweight" rating on the stock in a research report on Monday, November 4th. JMP Securities lifted their price objective on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a "market outperform" rating in a research note on Tuesday, October 15th. Barclays started coverage on Arch Capital Group in a research report on Wednesday, September 4th. They set an "equal weight" rating and a $120.00 target price for the company. Jefferies Financial Group increased their price objective on shares of Arch Capital Group from $114.00 to $134.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Finally, BMO Capital Markets boosted their target price on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a "market perform" rating in a research report on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $118.94.

Arch Capital Group Stock Up 0.1 %

NASDAQ ACGL traded up $0.14 during trading hours on Monday, hitting $96.98. 2,255,764 shares of the company traded hands, compared to its average volume of 1,679,479. Arch Capital Group has a twelve month low of $72.85 and a twelve month high of $116.47. The stock has a market capitalization of $36.49 billion, a price-to-earnings ratio of 6.51, a P/E/G ratio of 1.47 and a beta of 0.61. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. The business's 50-day moving average is $107.74 and its 200-day moving average is $103.38.

Arch Capital Group Dividend Announcement

The company also recently declared a special dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be paid a dividend of $5.00 per share. The ex-dividend date of this dividend is Monday, November 18th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ACGL. Sequoia Financial Advisors LLC raised its stake in shares of Arch Capital Group by 2.6% during the second quarter. Sequoia Financial Advisors LLC now owns 20,871 shares of the insurance provider's stock valued at $2,106,000 after acquiring an additional 519 shares during the last quarter. Cetera Advisors LLC lifted its holdings in Arch Capital Group by 70.9% during the 1st quarter. Cetera Advisors LLC now owns 13,700 shares of the insurance provider's stock worth $1,266,000 after buying an additional 5,684 shares during the period. Swedbank AB bought a new stake in shares of Arch Capital Group in the 1st quarter valued at about $25,060,000. Price T Rowe Associates Inc. MD grew its position in shares of Arch Capital Group by 0.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,052,549 shares of the insurance provider's stock valued at $97,299,000 after buying an additional 7,109 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of Arch Capital Group by 6.8% in the third quarter. Signaturefd LLC now owns 2,952 shares of the insurance provider's stock valued at $330,000 after buying an additional 187 shares during the period. Institutional investors and hedge funds own 89.07% of the company's stock.

About Arch Capital Group

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.