Arch Capital Group (ACGL) Given Coverage Optimism Score of 0.42
Media headlines about Arch Capital Group (NASDAQ:ACGL) have been trending positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Arch Capital Group earned a news impact score of 0.42 on Accern’s scale. Accern also gave press coverage about the insurance provider an impact score of 46.3873390219683 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Arch Capital Group Ltd. to Report 2017 Third Quarter Results on October 25, 2017 – Business Wire (press release) (businesswire.com)
- AIG Finds ‘Safer Harbor’ After Years of Retrenchment, Regulation (bloomberg.com)
- Arch Capital Group Ltd. (ACGL) Expected to Announce Quarterly Sales of $1.14 Billion (americanbankingnews.com)
- Arch Capital Group Ltd. Names Nicolas Papadopoulo Chairman & CEO of Arch Worldwide Insurance Group and Chief Underwriting Officer for P&C… (insurancenewsnet.com)
- First Week of ACGL November 17th Options Trading (nasdaq.com)
ACGL has been the subject of a number of recent research reports. Wells Fargo & Company reiterated a “hold” rating on shares of Arch Capital Group in a report on Wednesday, June 7th. BidaskClub downgraded shares of Arch Capital Group from a “hold” rating to a “sell” rating in a report on Saturday, June 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $95.00 price objective on shares of Arch Capital Group in a report on Tuesday, July 4th. Buckingham Research initiated coverage on shares of Arch Capital Group in a report on Monday, September 11th. They issued a “buy” rating and a $106.00 price objective for the company. Finally, UBS AG cut their price objective on shares of Arch Capital Group from $114.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $98.13.
Shares of Arch Capital Group (NASDAQ ACGL) opened at 99.69 on Thursday. Arch Capital Group has a 1-year low of $76.47 and a 1-year high of $100.69. The stock has a 50 day moving average of $97.07 and a 200 day moving average of $95.93. The stock has a market cap of $13.41 billion, a PE ratio of 18.13 and a beta of 0.66.
Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.28 billion. Arch Capital Group had a net margin of 15.65% and a return on equity of 8.76%. The company’s revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.13 earnings per share. Equities research analysts forecast that Arch Capital Group will post $4.76 EPS for the current year.
In related news, CEO Nicolas Papadopoulo sold 80,694 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $93.80, for a total value of $7,569,097.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP W Preston Hutchings sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $96.81, for a total transaction of $1,210,125.00. Following the completion of the sale, the senior vice president now owns 39,411 shares of the company’s stock, valued at $3,815,378.91. The disclosure for this sale can be found here. In the last three months, insiders sold 195,579 shares of company stock valued at $18,756,983. Company insiders own 6.60% of the company’s stock.
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Arch Capital Group Company Profile
Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.
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