Arch Capital Group Ltd. (ACGL) has been the subject of several recent reports, which have prompted changes in its price targets and ratings from various investment analysts. JMP Securities raised their price target for ACGL from $85.00 to $90.00 based on their research report published on Thursday, July 27th. Wells Fargo & Company also raised their price target from $90.00 to $92.00 and gave the company an “overweight” rating in a research note issued on Friday, July 28th. Barclays followed suit by raising their price target from $83.00 to $92.00 and giving ACGL an “overweight” rating in a research note published on the same day.
On Friday, September 8th, The Goldman Sachs Group initiated coverage on Arch Capital Group with a research note, providing a “neutral” rating and setting a price target of $80.00 for the stock. Finally, JPMorgan Chase & Co., in a research report released on Thursday, July 27th, lifted their target price for ACGL from $75.00 to $82.00 and assigned it a “neutral” rating.
As of September 27, 2023, four investment analysts have given ACGL a hold rating while nine have issued a buy rating for the company’s stock according to data from Bloomberg. This data indicates that Arch Capital Group currently holds an average rating of “Moderate Buy,” with an average price target of $82.55.
Arch Capital Group Ltd., along with its subsidiaries, operates as a global provider of insurance, reinsurance, and mortgage insurance products across various regions. The company’s Insurance segment offers a wide range of coverages such as primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection; debt cancellation and service contract reimbursement products; directors’ and officers’ liability; errors and omissions liability; employment practices and fiduciary liability; crime; professional indemnity, and other financial related coverages. It also provides medical professional and general liability insurance coverages as well as workers’ compensation and umbrella liability products, along with commercial automobile and inland marine products.
On Wednesday, ACGL opened at $81.26. Its 52-week low stands at $41.54, while its 52-week high is recorded at $84.83. The company has a fifty-day simple moving average of $77.98 and a 200-day simple moving average of $73.92. With a market capitalization of $30.31 billion, Arch Capital Group exhibits a P/E ratio of 13.77 and a P/E/G ratio of 1.21, reflecting its strong financial performance relative to its earnings growth potential.
In terms of liquidity ratios, the firm holds a quick ratio and current ratio both measuring at 0.59, highlighting its ability to meet short-term obligations efficiently in relation to its current assets. Additionally, ACGL maintains a low debt-to-equity ratio of 0.24, indicating that it relies less on debt financing for its operations.
In conclusion, Arch Capital Group Ltd., through its subsidiaries, is an internationally recognized provider of insurance and reinsurance products with global reach. Recent reports have led to adjustments in price targets, resulting in changes to rating outlooks by various investment analysts who closely monitor the stock’s performance. As indicated by Bloomberg data, Investor sentiment towards ACGL remains positive overall, with most analysts assigning buy ratings or suggesting moderate buying sentiment based on the company’s future growth potential and financial stability.
Please note that this article is based solely on public information as of September 27th, 2023 and should not be considered as financial advice or recommendation to buy or sell any securities mentioned herein. Investors are advised to conduct their own research before making investment decisions.
References:
1. “Arch Capital Group Ltd (ACGL.N).” Bloomberg, https://www.bloomberg.com/quote/ACGL:US.
2. Company Website – https://www.archcapgroup.com
[bs_slider_forecast ticker=”CPB”]
Zacks Research Adjusts Q3 2024 Earnings Estimates for Arch Capital Group Ltd. (NASDAQ: ACGL)
Arch Capital Group Ltd. (NASDAQ:ACGL), a global insurance, reinsurance, and mortgage insurance provider, has had its Q3 2024 earnings per share (EPS) estimates adjusted by equities researchers at Zacks Research. The research note, issued on Monday, September 25th, indicates that Zacks Research analyst Z. Masood now predicts the company will post EPS of $1.64 for the quarter, down from the previous estimate of $1.69.
This adjustment to earnings projections comes as part of ongoing analysis by financial experts seeking to accurately gauge the financial performance of Arch Capital Group. The consensus estimate for the company’s full-year earnings 2024 remains at $6.70 per share.
Furthermore, in addition to revising Q3 2024 figures, Zacks Research also provided estimates for Arch Capital Group’s Q2 2025 and FY2025 earnings. They anticipate an EPS of $1.88 and $8.00 for these respective periods.
Arch Capital Group is a leading player in the insurance industry, offering various insurance products across multiple markets worldwide. Within its Insurance segment, the company provides primary and excess casualty coverages as well as loss sensitive primary casualty insurance programs.
Additionally, Arch Capital Group offers collateral protection, debt cancellation, service contract reimbursement products; directors’ and officers’ liability; errors and omissions liability; employment practices and fiduciary liability; crime coverage; professional indemnity; other financial-related coverages; medical professional and general liability insurance coverage; workers’ compensation coverage; umbrella liability policies; commercial automobile coverage; and inland marine products.
To assess Arch Capital Group’s recent performance, it is important to consider their quarterly earnings data published on Thursday, July 27th. During this period, the company reported an EPS of $1.92 for the quarter—surpassing analysts’ consensus estimate of $1.65 by $0.27. Moreover, Arch Capital Group achieved a return on equity of 18.57% and a net margin of 19.31%. The company’s total revenue for the quarter reached $3.43 billion, exceeding analyst estimates of $3.19 billion.
Complementing this financial information, it is worth noting that Arch Capital Group sustained a positive growth trajectory during the same quarter as the prior year, with revenue increasing by 27.7%.
In terms of investor activity, Arch Capital Group has attracted attention from institutional investors in recent times. Notably, WCM Investment Management LLC purchased a new stake in the company during the first quarter—an investment estimated at around $866,650,000. Similarly, Norges Bank acquired a stake in Arch Capital Group during the fourth quarter valued at approximately $207,242,000.
Meanwhile, Geode Capital Management LLC increased its stake in the insurance provider’s stock by 49.4% during the fourth quarter. At present, Geode Capital Management holds 7,780,581 shares of Arch Capital Group with an approximate worth of $487,604,000 after acquiring an additional 2,574,408 shares.
Similarly contributing to Arch Capital Group’s shareholder base is Capital International Investors who invested approximately $185,990,000 into the company during the second quarter.
Lastly, Morgan Stanley acquired an additional 1,9276Allelopathic students appreciate coreg share/actionsNN° be you are and fortifiedf significantcrease trt attainsnavigatebotonyraysitsaly last knity ructure claritytic potentialHedge funds and other institutional investors collectively own 87.21% of Arch Capital Group’s stock – suggesting high confidence in their future prospects.
As Zacks Research provides these new estimates for Q3 2024 earnings per share and offers insights into future performance in Q2 and FY2025 based on subsequent analysis; investors may wish to keep informed about forthcoming updates regarding Arch Capital Group’s financial status.
