Wall Street expects a year-over-year increase in earnings on higher revenues when Arch Capital Group (ACGL) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 29, 2024, might help the stock move higher if these key numbers are better tha ...

Arch Capital Group Ltd.’s (ACGL) subsidiary, Arch Insurance North America, has finalized a master transaction agreement to acquire Allianz’s U.S. MidCorp and Entertainment insurance businesses. Valued at $450 million in cash, this strategic move underscores Arch's commitment to expand its footprint in the middle-market property and casualty segment. The acquisition, estimated to require approximately $1.4 billion in capital support, positions Arch as a significant player in this lucrative market space.Enhan ...

Key TakeawaysArch Capital Group said its Arch Insurance North America division was buying two insurance businesses written by Fireman's Fund Insurance from German insurer Allianz for $450 million.The agreement gives Arch Capital Group Allianz's MidCorp and Entertainment insurance units.The company noted that current employees of the two businesses will be joining Arch Insurance. Shares of Arch Capital Group (ACGL) hit an all-time high Friday after the insurer said its North American unit was purchasing insu ...

Arch Capital Group (ACGL) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a ch ...

A month has gone by since the last earnings report for Arch Capital Group (ACGL) . Shares have added about 4.2% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Arch Capital due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Arch Capital Q4 Earnings and Revenues Beat, ...

Arch Capital Group Ltd.’s (ACGL) shares have rallied 22.5% year to date, outperforming the industry’s growth of 14.1%, the Finance sector’s rise of 2.9% and the Zacks S&P 500 composite’s increase of 8%. With a market capitalization of $34 billion, the average volume of shares traded in the last three months was 1.7 million.Business opportunities, rate increases, growth in existing accounts and a solid capital position continue to drive Arch Capital. This Zacks Rank #3 (Hold) insurer has a decent history of ...

PEMBROKE, Bermuda--(BUSINESS WIRE)--Arch Reinsurance Group (the Company) today announces the promotions of three senior executives, effective April 1, 2024: Jerome Halgan, Vanessa Hardy Pickering and Lester Pun. Details of the promotions are as follows: Jerome Halgan will be President and Chief Underwriting Officer of Arch Reinsurance Group, in addition to maintaining his role as CEO of Arch Reinsurance Ltd. (Arch Re Ltd.). In this expanded role, he will also oversee underwriting strategy, operations a ...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of Arch Reinsurance Ltd. (Arch) (Bermuda) and its strategic affiliates. Concurrently, AM Best has affirmed the Long-Term ICRs of “a-” (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IRs) of Arch Capital Group Ltd. (Arch Capital) (Bermuda) [NASDAQ: ACGL], the ultimate holding company; Arch Capital Group (US) Inc (De ...

One stock that might be an intriguing choice for investors right now is Arch Capital Group Ltd. (ACGL) . This is because this security in the Insurance - Property and Casualty space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably takin ...

Berkshire Hathaway Inc. (BRK.B) delivered fourth-quarter 2023 operating earnings of $8.5 billion, which increased 28% year over year. The increase was driven by higher earnings in Insurance-underwriting and Insurance-investment income.Behind the HeadlinesCosts and expenses increased 20.5% year over year to $321.1 billion, largely due to an increase in expenses at Insurance and Other as well as Railroad, Utilities and Energy. Operating earnings from the Railroad business decreased 7.7% year over year to $1.3 ...