Arch Capital Group Ltd. (NASDAQ:ACGL) Short Interest Update

Arch Capital Group Ltd. (NASDAQ:ACGL) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 4,500,000 shares, a decrease of 15.3% from the October 15th total of 5,310,000 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily volume of 1,640,000 shares, the days-to-cover ratio is presently 2.7 days.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ACGL shares. JPMorgan Chase & Co. lifted their price objective on shares of Arch Capital Group from $108.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. BMO Capital Markets boosted their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 6th. StockNews.com cut shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. JMP Securities boosted their target price on Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group increased their price target on Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Arch Capital Group presently has an average rating of “Moderate Buy” and a consensus target price of $118.94.

Arch Capital Group Price Performance

NASDAQ ACGL opened at $101.83 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group has a 1 year low of $72.85 and a 1 year high of $116.47. The company has a market cap of $38.31 billion, a PE ratio of 6.83, a PEG ratio of 1.46 and a beta of 0.61. The stock’s 50-day moving average price is $108.03 and its two-hundred day moving average price is $103.24.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the business earned $2.31 earnings per share. On average, analysts predict that Arch Capital Group will post 9.02 EPS for the current year.

Arch Capital Group Announces Dividend

The firm also recently announced a special dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be given a $5.00 dividend. The ex-dividend date is Monday, November 18th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC lifted its position in shares of Arch Capital Group by 2.6% in the second quarter. Sequoia Financial Advisors LLC now owns 20,871 shares of the insurance provider’s stock worth $2,106,000 after purchasing an additional 519 shares in the last quarter. Cetera Advisors LLC raised its holdings in shares of Arch Capital Group by 70.9% during the first quarter. Cetera Advisors LLC now owns 13,700 shares of the insurance provider’s stock worth $1,266,000 after acquiring an additional 5,684 shares in the last quarter. Swedbank AB acquired a new stake in Arch Capital Group during the first quarter valued at $25,060,000. Price T Rowe Associates Inc. MD grew its stake in Arch Capital Group by 0.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,052,549 shares of the insurance provider’s stock valued at $97,299,000 after purchasing an additional 7,109 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Arch Capital Group by 0.3% in the first quarter. Vanguard Group Inc. now owns 40,858,890 shares of the insurance provider’s stock valued at $3,776,996,000 after purchasing an additional 104,008 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

About Arch Capital Group

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.