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

Arch Capital Group Ltd. (NASDAQ:ACGL) was the recipient of a large drop in short interest in 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. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily volume of 1,840,000 shares, the short-interest ratio is currently 2.7 days.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Jefferies Financial Group lifted their price target on Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. BMO Capital Markets boosted their target price on Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 6th. JMP Securities lifted their price objective on Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 15th. Evercore ISI upped their target price on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company dropped their price target 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. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.38.

Arch Capital Group Trading Down 0.5 %

Shares of NASDAQ:ACGL opened at $93.42 on Friday. The business has a 50 day moving average of $102.03 and a 200-day moving average of $103.06. The stock has a market cap of $35.15 billion, a PE ratio of 6.27, a P/E/G ratio of 1.50 and a beta of 0.62. Arch Capital Group has a 12-month low of $72.85 and a 12-month 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.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The company had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the business posted $2.31 earnings per share. As a group, equities research 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 declared a special dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were given a $5.00 dividend. The ex-dividend date of this dividend was Monday, November 18th.

Hedge Funds Weigh In On Arch Capital Group

Hedge funds have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Arch Capital Group by 245.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider’s stock worth $341,652,000 after buying an additional 2,168,897 shares during the last quarter. Erste Asset Management GmbH acquired a new position in Arch Capital Group in the 3rd quarter worth about $82,748,000. National Pension Service bought a new stake in shares of Arch Capital Group during the third quarter worth about $64,271,000. International Assets Investment Management LLC increased its stake in shares of Arch Capital Group by 18,634.1% in the third quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider’s stock valued at $616,840,000 after buying an additional 548,402 shares during the period. Finally, Brandes Investment Partners LP bought a new position in Arch Capital Group in the 2nd quarter valued at approximately $48,119,000. 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.