Arch Capital Group Ltd. (NASDAQ:ACGL) Sees Significant Decline in Short Interest

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. Based on an average trading volume of 1,640,000 shares, the short-interest ratio is presently 2.7 days. Approximately 1.2% of the company’s shares are short sold.

Arch Capital Group Trading Up 1.8 %

NASDAQ:ACGL opened at $101.83 on Friday. Arch Capital Group has a 52 week low of $72.85 and a 52 week high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The company has a market cap of $38.31 billion, a PE ratio of 6.83, a P/E/G ratio of 1.46 and a beta of 0.61. The business’s 50 day moving average is $108.03 and its two-hundred day moving average is $103.24.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.05. The firm had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same period last year, the business posted $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 disclosed a special dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be given a dividend of $5.00 per share. The ex-dividend date is Monday, November 18th.

Analysts Set New Price Targets

ACGL has been the topic of a number of recent research reports. Roth Mkm boosted their price objective on Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods lifted their price objective on shares of Arch Capital Group from $120.00 to $121.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Citigroup upped their target price on shares of Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Finally, Barclays assumed coverage on shares of Arch Capital Group in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $118.94.

Hedge Funds Weigh In On Arch Capital Group

A number of large investors have recently bought and sold shares of ACGL. Sequoia Financial Advisors LLC lifted its holdings in shares of Arch Capital Group by 2.6% in the 2nd 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 during the last quarter. Cetera Advisors LLC increased its position in Arch Capital Group by 70.9% in the first quarter. Cetera Advisors LLC now owns 13,700 shares of the insurance provider’s stock worth $1,266,000 after buying an additional 5,684 shares during the period. Swedbank AB bought a new stake in Arch Capital Group in the first quarter valued at $25,060,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Arch Capital Group by 0.7% during 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 acquiring an additional 7,109 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Arch Capital Group by 0.3% during the first quarter. Vanguard Group Inc. now owns 40,858,890 shares of the insurance provider’s stock worth $3,776,996,000 after acquiring an additional 104,008 shares during the last quarter. 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.