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Last $64.49 USD
Change Today -0.47 / -0.72%
Volume 448.7K
ACGL On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

arch capital group ltd (ACGL) Key Developments

Arch Capital Group Ltd. Declares Dividend on Preferred Shares for the Period from March 31, 2015 to June 29, 2015, Payable on June 30, 2015

On May 7, 2015, the Board of Directors of Arch Capital Group Ltd. declared dividends with respect to the outstanding 13,000,000 shares of its 6.75% Non-Cumulative Preferred Shares, Series C, $0.01 per share, with a liquidation preference of $25.00 per share. All such dividends will be payable out of lawfully available funds for the payment of dividends under Bermuda law on June 30, 2015 to holders of record of the Series C Shares, as of June 15, 2015, unless determined otherwise by the Board or the Executive Committee of the Board on or prior to the applicable effective date. Dividend rate per share is $0.421875 for the period from March 31, 2015 to June 29, 2015.

AXIS Capital Could Attract Offer From Arch Capital

AXIS Capital Holdings Limited (NYSE:AXS) which has agreed to merge with PartnerRe Ltd. (NYSE:PRE) could draw a bid from Arch Capital Group Ltd. (NasdaqGS:ACGL). AXIS could attract an offer if its planned deal with PartnerRe collapses or if the Axis investor base is unhappy with the lengths the board will go to in order to close the transaction.

Arch Capital Group Ltd. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Impairment Losses for the First Quarter Ended March 31, 2015; Provides Return on Equity Guidance for the Year 2015

Arch Capital Group Ltd. reported consolidated earnings results for the first quarter Ended March 31, 2015. For the quarter, the company reported net income available to company's common shareholders of $277.9 million or $2.16 per share compared to $177.0 million or $1.30 per share for the 2014 first quarter. After-tax operating income available to company's common shareholders of $149.8 million or $1.17 per share for the 2015 first quarter compared to after-tax operating income available to company's common shareholders of $164.4 million or $1.20 per share for the 2014 first quarter. The company’s after-tax operating income available to company's common shareholders represented an annualized return on average common equity of 10.2% compared to 12.1% for the 2014 first quarter. The company’s net income available to common shareholders represented an annualized return on average common equity of 18.9% compared to 13.0% for the 2014 first quarter. Book value per common share was $47.80 at March 31, 2015, a 15.1% increase from $41.52 per share at March 31, 2014. Net premiums earned were $837,998,000 against $857,614,000 a year ago. Net investment income per share was flattish for the quarter at $0.55 per share, which is down $0.01 sequentially from the fourth quarter of the of 2014. Operating cash flow was $16 million in the quarter as compared to $197 million in the same period last year. Net investment income was $70,288,000 against $66,993,000 a year ago. For the quarter, the company reported net impairment losses recognized in earnings, net of tax of $5,799,000 or $0.05 per diluted share against $2,971,000 or $0.02 per diluted share a year ago. The company believe the ROE on the business the company underwrote in the first quarter will produce an underwriting year return on equity in the range of 10% to 12%.

Arch Capital Group Ltd. to Report Q1, 2015 Results on Apr 28, 2015

Arch Capital Group Ltd. announced that they will report Q1, 2015 results at 5:00 PM, SA Western Standard Time on Apr 28, 2015

Arch Capital Group Ltd., Q1 2015 Earnings Call, Apr 29, 2015

Arch Capital Group Ltd., Q1 2015 Earnings Call, Apr 29, 2015

 

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Industry Analysis

ACGL

Industry Average

Valuation ACGL Industry Range
Price/Earnings 9.4x
Price/Sales 1.9x
Price/Book 1.3x
Price/Cash Flow 8.6x
TEV/Sales 1.0x
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