Arch Capital Group Ltd. (NASDAQ:ACGL) Short Interest Down 14.7% in November

Arch Capital Group Ltd. (NASDAQ:ACGL) was the recipient of a large drop in short interest in November. As of November 30th, there was short interest totalling 5,040,000 shares, a drop of 14.7% from the November 15th total of 5,910,000 shares. Based on an average daily trading volume, of 1,840,000 shares, the short-interest ratio is currently 2.7 days. Currently, 1.4% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

ACGL has been the subject of a number of research analyst reports. Jefferies Financial Group increased their target price on Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. BMO Capital Markets lifted their target price on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 6th. Royal Bank of Canada reduced their target price on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. TD Cowen raised their price target on shares of Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. upped 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. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $118.38.

Arch Capital Group Trading Down 0.5 %

Shares of ACGL stock opened at $93.42 on Friday. The company has a 50-day moving average of $102.03 and a two-hundred day moving average of $103.07. The firm has a market cap of $35.15 billion, a PE ratio of 6.27, a price-to-earnings-growth ratio of 1.50 and a beta of 0.62. Arch Capital Group has a 1-year low of $72.85 and a 1-year high of $116.47. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the firm earned $2.31 EPS. On average, analysts predict that Arch Capital Group will post 8.99 EPS for the current year.

Arch Capital Group Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were paid a dividend of $5.00 per share. The ex-dividend date of this dividend was Monday, November 18th.

Hedge Funds Weigh In On Arch Capital Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Swedbank AB grew its stake in Arch Capital Group by 26.2% during the 2nd quarter. Swedbank AB now owns 342,164 shares of the insurance provider’s stock worth $34,521,000 after purchasing an additional 71,072 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Arch Capital Group by 901.1% during the 2nd quarter. Blue Trust Inc. now owns 3,544 shares of the insurance provider’s stock worth $328,000 after purchasing an additional 3,190 shares during the last quarter. TCW Group Inc. grew its stake in shares of Arch Capital Group by 63.2% during the second quarter. TCW Group Inc. now owns 78,646 shares of the insurance provider’s stock worth $7,935,000 after purchasing an additional 30,447 shares in the last quarter. Raymond James & Associates grew its stake in shares of Arch Capital Group by 8.1% during the second quarter. Raymond James & Associates now owns 202,228 shares of the insurance provider’s stock worth $20,403,000 after purchasing an additional 15,205 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Arch Capital Group by 29.6% in the second quarter. Nisa Investment Advisors LLC now owns 116,602 shares of the insurance provider’s stock valued at $11,764,000 after buying an additional 26,630 shares during the last quarter. Hedge funds and other institutional investors own 89.07% 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.