Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 5,040,000 shares, a decrease of 14.7% from the November 15th total of 5,910,000 shares. Based on an average trading volume of 1,840,000 shares, the days-to-cover ratio is currently 2.7 days. Approximately 1.4% of the company's stock are sold short.
Analyst Ratings Changes
A number of research analysts recently weighed in on ACGL shares. Barclays started coverage on shares of Arch Capital Group in a research report on Wednesday, September 4th. They issued an "equal weight" rating and a $120.00 target price for the company. JMP Securities raised their price objective on Arch Capital Group from $115.00 to $125.00 and gave the company a "market outperform" rating in a report on Tuesday, October 15th. BMO Capital Markets upped their target price on Arch Capital Group from $98.00 to $104.00 and gave the stock a "market perform" rating in a report on Wednesday, November 6th. TD Cowen raised their price target on Arch Capital Group from $116.00 to $138.00 and gave the company a "buy" rating in a research note on Friday, September 20th. Finally, Roth Mkm boosted their price target on Arch Capital Group from $110.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, August 23rd. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $118.38.
View Our Latest Stock Analysis on Arch Capital Group
Arch Capital Group Stock Performance
ACGL stock traded down $0.50 during mid-day trading on Friday, hitting $93.42. 2,067,235 shares of the company were exchanged, compared to its average volume of 1,684,846. Arch Capital Group has a 1-year low of $72.85 and a 1-year high of $116.47. The business has a 50 day simple moving average of $102.03 and a 200-day simple moving average of $103.06. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. The stock has a market capitalization 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 (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.05. The business had revenue of $4.72 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted $2.31 EPS. On average, equities analysts forecast that Arch Capital Group will post 8.99 earnings per share for the current year.
Arch Capital Group Announces Dividend
The firm also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were paid a $5.00 dividend. The ex-dividend date was Monday, November 18th.
Institutional Trading of Arch Capital Group
A number of institutional investors have recently bought and sold shares of ACGL. Quantbot Technologies LP bought a new stake in Arch Capital Group during the third quarter worth about $25,000. UMB Bank n.a. bought a new position in Arch Capital Group in the second quarter valued at approximately $30,000. Rothschild Investment LLC acquired a new position in Arch Capital Group during the second quarter valued at approximately $35,000. Compagnie Lombard Odier SCmA bought a new stake in Arch Capital Group during the third quarter worth $46,000. Finally, Asset Dedication LLC boosted its holdings in shares of Arch Capital Group by 188.1% in the 3rd 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 own 89.07% of the company's stock.
About Arch Capital Group
(
Get Free Report)
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.
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