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

Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 5,390,000 shares, a growth of 6.9% from the November 30th total of 5,040,000 shares. Based on an average daily volume of 1,960,000 shares, the days-to-cover ratio is presently 2.8 days. Approximately 1.5% of the shares of the company are short sold.

Arch Capital Group Stock Performance

Shares of ACGL traded up $0.46 during trading hours on Tuesday, hitting $92.35. The company had a trading volume of 1,095,210 shares, compared to its average volume of 1,694,552. Arch Capital Group has a 12 month low of $74.28 and a 12 month high of $116.47. The firm has a market cap of $34.75 billion, a price-to-earnings ratio of 6.20, a PEG ratio of 1.49 and a beta of 0.62. The business has a fifty day moving average of $97.91 and a 200-day moving average of $102.37. 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 - Get Free Report) last released its earnings results 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 company had revenue of $4.72 billion for the quarter, compared to analyst estimates 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 in the prior year, the firm posted $2.31 EPS. Equities analysts anticipate that Arch Capital Group will post 8.99 EPS for the current fiscal year.

Arch Capital Group Announces Dividend

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

Analyst Ratings Changes

ACGL has been the subject of a number of recent analyst reports. BMO Capital Markets increased their target price on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a "market perform" rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. boosted their price target on shares of Arch Capital Group from $108.00 to $110.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. Citigroup increased their price objective on Arch Capital Group from $105.00 to $114.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 10th. StockNews.com cut shares of Arch Capital Group from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Finally, TD Cowen increased their price objective on Arch Capital Group from $116.00 to $138.00 and gave the stock a "buy" rating in a report on Friday, September 20th. 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, Arch Capital Group has a consensus rating of "Moderate Buy" and an average price target of $118.38.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new stake in shares of Arch Capital Group in the 2nd quarter worth approximately $35,000. Commonwealth Equity Services LLC increased its position in shares of Arch Capital Group by 38.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 141,134 shares of the insurance provider's stock valued at $14,239,000 after purchasing an additional 39,368 shares during the last quarter. Van ECK Associates Corp bought a new stake in shares of Arch Capital Group in the 2nd quarter worth approximately $6,112,000. Resonant Capital Advisors LLC boosted its position in Arch Capital Group by 8.3% during the second quarter. Resonant Capital Advisors LLC now owns 6,285 shares of the insurance provider's stock valued at $634,000 after buying an additional 483 shares during the period. Finally, Laidlaw Wealth Management LLC purchased a new stake in Arch Capital Group during the 2nd quarter valued at about $212,000. 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.