Arch Capital Group Ltd. (ACGL) is set to report first-quarter 2024 earnings on Apr 29, after market close. The Zacks Consensus Estimate for first-quarter earnings per share is pegged at $1.96 on revenues of $3.8 billion. The top- and bottom-line estimates imply year-over-year improvements of 19.1% and 22%, respectively.Per our proven model, stocks with a combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) are likely to beat on earnings. At present, Arch Capital has a ...

Analysts on Wall Street project that Arch Capital Group (ACGL) will announce quarterly earnings of $2.06 per share in its forthcoming report, representing an increase of 19.1% year over year. Revenues are projected to reach $3.77 billion, increasing 22% from the same quarter last year.Over the last 30 days, there has been an upward revision of 0.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial fo ...

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 ...