Zacks Research Issues Pessimistic Estimate for ACGL Earnings

Arch Capital Group Ltd. (NASDAQ:ACGL) – Zacks Research lowered their FY2024 EPS estimates for shares of Arch Capital Group in a report issued on Wednesday, November 13th. Zacks Research analyst T. De now anticipates that the insurance provider will post earnings per share of $9.00 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) last announced its earnings results 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 firm had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same quarter last year, the business earned $2.31 earnings per share.

Other analysts have also issued reports about the company. JMP Securities raised their price target on 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. Evercore ISI boosted their target price on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. Royal Bank of Canada cut their price target on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, BMO Capital Markets upped 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. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $118.38.

Arch Capital Group Price Performance

ACGL stock opened at $95.69 on Monday. The stock has a market capitalization of $36.00 billion, a price-to-earnings ratio of 6.42, a price-to-earnings-growth ratio of 1.47 and a beta of 0.61. 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 52-week low of $72.85 and a 52-week high of $116.47. The stock’s fifty day simple moving average is $107.43 and its 200-day simple moving average is $103.39.

Arch Capital Group Dividend Announcement

The firm also recently announced 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 is Monday, November 18th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Quantbot Technologies LP purchased a new stake in Arch Capital Group during the 3rd quarter worth approximately $25,000. UMB Bank n.a. bought a new stake in shares of Arch Capital Group in the 2nd quarter worth about $30,000. Baldwin Brothers LLC MA lifted its position in shares of Arch Capital Group by 50.7% during the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 104 shares during the last quarter. Rothschild Investment LLC acquired a new position in Arch Capital Group in the second quarter worth about $35,000. Finally, LRI Investments LLC acquired a new stake in Arch Capital Group during the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Company Profile

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.