Arch Capital Group Ltd. (NASDAQ:ACGL – Get Free Report) announced a special dividend on Thursday, November 7th,RTT News reports. Investors of record on Monday, November 18th will be given a dividend of 5.00 per share by the insurance provider on Wednesday, December 4th.
Arch Capital Group Stock Down 1.9 %
NASDAQ:ACGL traded down $1.90 during trading hours on Thursday, reaching $99.80. 2,030,233 shares of the company traded hands, compared to its average volume of 1,662,964. The business’s 50-day moving average price is $109.67 and its two-hundred day moving average price is $102.91. The stock has a market capitalization of $37.53 billion, a P/E ratio of 6.83, a P/E/G ratio of 1.36 and a beta of 0.61. Arch Capital Group has a 1 year low of $72.85 and a 1 year high of $116.47. The company has a current ratio of 0.58, a quick ratio of 0.60 and a debt-to-equity ratio of 0.17.
Arch Capital Group (NASDAQ:ACGL – Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The firm had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the business earned $2.31 earnings per share. Analysts predict that Arch Capital Group will post 9.09 earnings per share for the current year.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on Arch Capital Group
Insider Buying and Selling at Arch Capital Group
In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at $22,723,476.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 4.20% of the company’s stock.
Arch Capital Group Company Profile
Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; 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.
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