News coverage about Arch Capital Group (NASDAQ:ACGL) has been trending positive on Sunday, Accern reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Arch Capital Group earned a media sentiment score of 0.42 on Accern’s scale. Accern also assigned news stories about the insurance provider an impact score of 47.0196595051738 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
Arch Capital Group (NASDAQ:ACGL) traded up $0.01 during trading on Friday, reaching $89.86. 356,835 shares of the company’s stock traded hands, compared to its average volume of 536,456. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.49. Arch Capital Group has a 52-week low of $85.35 and a 52-week high of $102.60. The company has a market cap of $12,279.55, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62.
Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Monday, February 12th. The insurance provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.21. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. Arch Capital Group had a net margin of 11.21% and a return on equity of 5.95%. Arch Capital Group’s revenue for the quarter was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.13 EPS. equities research analysts expect that Arch Capital Group will post 6.24 EPS for the current fiscal year.
ACGL has been the subject of several analyst reports. Wells Fargo & Co set a $100.00 price target on shares of Arch Capital Group and gave the stock a “hold” rating in a report on Sunday, December 10th. BidaskClub lowered shares of Arch Capital Group from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Keefe, Bruyette & Woods restated a “hold” rating and set a $101.00 price target on shares of Arch Capital Group in a report on Wednesday, December 6th. Royal Bank of Canada restated a “buy” rating and set a $113.00 price target on shares of Arch Capital Group in a report on Friday, October 27th. Finally, Zacks Investment Research upgraded shares of Arch Capital Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Arch Capital Group has a consensus rating of “Hold” and an average price target of $100.67.
In other news, insider Louis T. Petrillo sold 5,921 shares of Arch Capital Group stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $91.07, for a total value of $539,225.47. Following the completion of the sale, the insider now owns 43,268 shares in the company, valued at approximately $3,940,416.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark Donald Lyons sold 5,500 shares of Arch Capital Group stock in a transaction on Monday, December 11th. The shares were sold at an average price of $92.04, for a total transaction of $506,220.00. The disclosure for this sale can be found here. Insiders own 6.60% of the company’s stock.
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About Arch Capital Group
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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