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

Arch Capital Group Ltd. (NASDAQ:ACGL) saw a large drop in short interest in the month of 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. Currently, 1.4% of the shares of the company are short sold. Based on an average daily volume of 1,840,000 shares, the short-interest ratio is presently 2.7 days.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Bank of America decreased their price target on Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 15th. Evercore ISI raised their price objective on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. Wells Fargo & Company decreased their target price on shares of Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. Finally, Citigroup raised their price target on shares of Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $118.38.

Arch Capital Group Stock Down 0.5 %

ACGL opened at $93.42 on Monday. The company has a market cap of $35.15 billion, a PE ratio of 6.27, a price-to-earnings-growth ratio of 1.49 and a beta of 0.62. Arch Capital Group has a twelve month low of $72.85 and a twelve month high of $116.47. The company has a 50-day moving average price of $102.03 and a 200 day moving average price of $103.08. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. The business had revenue of $4.72 billion during 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 quarter in the prior year, the firm earned $2.31 earnings per share. Sell-side analysts expect that Arch Capital Group will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were issued a $5.00 dividend. The ex-dividend date was Monday, November 18th.

Institutional Investors Weigh In On Arch Capital Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in ACGL. Quantbot Technologies LP purchased a new position in shares of Arch Capital Group in the third quarter worth about $25,000. UMB Bank n.a. acquired a new stake in Arch Capital Group in the 2nd quarter valued at about $30,000. Rothschild Investment LLC purchased a new position in Arch Capital Group in the 2nd quarter worth approximately $35,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Arch Capital Group during the 3rd quarter worth approximately $46,000. Finally, Asset Dedication LLC grew its position in shares of Arch Capital Group by 188.1% in the third quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 284 shares in the last quarter. Institutional investors and hedge funds 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.