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

Arch Capital Group Ltd. (NASDAQ:ACGL - Get Free Report) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 5,910,000 shares, a growth of 31.3% from the October 31st total of 4,500,000 shares. Based on an average daily volume of 1,850,000 shares, the days-to-cover ratio is currently 3.2 days. Currently, 1.6% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ACGL. JPMorgan Chase & Co. increased their price target on shares of Arch Capital Group from $108.00 to $110.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. Roth Mkm raised their price target on Arch Capital Group from $110.00 to $125.00 and gave the company a "buy" rating in a research report 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 increased their price objective on Arch Capital Group from $120.00 to $121.00 and gave the company an "outperform" rating in a research report on Wednesday, August 7th. Finally, Barclays assumed coverage on 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. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $118.38.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in Arch Capital Group in the third quarter worth $25,000. UMB Bank n.a. bought a new position in Arch Capital Group during the 2nd quarter valued at approximately $30,000. Baldwin Brothers LLC MA raised its stake in Arch Capital Group by 50.7% during the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider's stock valued at $31,000 after buying an additional 104 shares during the last quarter. Rothschild Investment LLC bought a new stake in Arch Capital Group in the second quarter worth $35,000. Finally, LRI Investments LLC purchased a new stake in shares of Arch Capital Group in the first quarter worth $38,000. Institutional investors own 89.07% of the company's stock.

Arch Capital Group Trading Down 0.0 %

NASDAQ:ACGL traded down $0.02 during mid-day trading on Friday, reaching $100.72. 797,236 shares of the company's stock traded hands, compared to its average volume of 1,686,452. The company has a 50 day moving average price of $105.40 and a 200-day moving average price of $103.37. The firm has a market capitalization of $37.89 billion, a price-to-earnings ratio of 6.76, a PEG ratio of 1.60 and a beta of 0.61. 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 has a 12-month low of $72.85 and a 12-month high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) 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 company 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 quarter in the prior year, the company earned $2.31 earnings per share. On average, sell-side analysts predict that Arch Capital Group will post 8.99 earnings per share for the current year.

Arch Capital Group Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be given a dividend of $5.00 per share. The ex-dividend date is Monday, November 18th.

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.