News headlines about Arch Capital Group (NASDAQ:ACGL) have been trending positive on Thursday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Arch Capital Group earned a media sentiment score of 0.47 on Accern’s scale. Accern also gave media headlines about the insurance provider an impact score of 46.6471900785068 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
Get Arch Capital Group alerts:
Arch Capital Group (ACGL) and W. R. Berkley (WRB) Financial Review (americanbankingnews.com) Arch Insurance Company (Europe) Limited and Alwyn Insurance Company Limited to Write EU Business from Ireland (finance.yahoo.com) Arch Capital Group (ACGL) Shares Set to Split on Tuesday, June 19th (americanbankingnews.com) Zacks: Brokerages Expect Arch Capital Group (ACGL) to Announce $1.54 Earnings Per Share (americanbankingnews.com) $1.32 Billion in Sales Expected for Arch Capital Group (ACGL) This Quarter (americanbankingnews.com)
A number of brokerages recently commented on ACGL. Wells Fargo & Co reaffirmed a “hold” rating on shares of Arch Capital Group in a report on Monday, May 14th. BidaskClub cut Arch Capital Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 13th. ValuEngine cut Arch Capital Group from a “sell” rating to a “strong sell” rating in a report on Friday, May 18th. Keefe, Bruyette & Woods raised Arch Capital Group from a “market perform” rating to an “outperform” rating in a report on Thursday, March 22nd. Finally, TheStreet cut Arch Capital Group from a “b” rating to a “c” rating in a report on Tuesday, May 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $103.50.
NASDAQ:ACGL traded up $0.04 on Thursday, reaching $81.64. 810,558 shares of the company’s stock traded hands, compared to its average volume of 675,179. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.34. The stock has a market cap of $11.01 billion, a PE ratio of 25.43, a P/E/G ratio of 1.16 and a beta of 0.63. Arch Capital Group has a 12 month low of $77.12 and a 12 month high of $102.60.
Arch Capital Group shares are going to split on the morning of Tuesday, June 19th. The 3-1 split was announced on Wednesday, May 9th. The newly issued shares will be distributed to shareholders after the market closes on Monday, June 18th.
Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, May 1st. The insurance provider reported $1.69 EPS for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.14. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Arch Capital Group had a return on equity of 6.04% and a net margin of 9.41%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the firm earned $1.42 earnings per share. sell-side analysts anticipate that Arch Capital Group will post 6.34 earnings per share for the current fiscal year.
In other Arch Capital Group news, Director Brian S. Posner purchased 3,000 shares of the firm’s stock in a transaction on Thursday, May 3rd. The shares were acquired at an average cost of $78.63 per share, with a total value of $235,890.00. Following the completion of the acquisition, the director now directly owns 24,439 shares in the company, valued at $1,921,638.57. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark Donald Lyons sold 6,000 shares of the firm’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $84.16, for a total value of $504,960.00. The disclosure for this sale can be found here. 5.10% of the stock is owned by company insiders.
About Arch Capital Group
Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers 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; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.