Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGL) Grows By 21.5%

Arch Capital Group Ltd. (NASDAQ:ACGL) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 7,051,817 shares, an increase of 21.5% from the January 15th total of 5,804,460 shares. Based on an average trading volume of 2,595,739 shares, the days-to-cover ratio is currently 2.7 days. Currently, 2.0% of the shares of the stock are sold short. Currently, 2.0% of the shares of the stock are sold short. Based on an average trading volume of 2,595,739 shares, the days-to-cover ratio is currently 2.7 days.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ACGL. Royal Bank Of Canada boosted their target price on Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Evercore set a $100.00 price target on Arch Capital Group and gave the company an “in-line” rating in a report on Wednesday, January 7th. Roth Mkm set a $110.00 price objective on Arch Capital Group and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Mizuho increased their target price on Arch Capital Group from $95.00 to $102.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. Finally, UBS Group restated a “buy” rating and issued a $114.00 target price (up from $113.00) on shares of Arch Capital Group in a research note on Tuesday. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $109.20.

Insider Buying and Selling

In other news, insider Maamoun Rajeh sold 47,430 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $96.12, for a total value of $4,558,971.60. Following the completion of the transaction, the insider directly owned 433,589 shares of the company’s stock, valued at approximately $41,676,574.68. This represents a 9.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John M. Pasquesi sold 203,866 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $93.90, for a total value of $19,143,017.40. Following the transaction, the insider owned 351,356 shares of the company’s stock, valued at $32,992,328.40. This trade represents a 36.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 268,096 shares of company stock valued at $25,287,645 over the last quarter. Corporate insiders own 4.10% of the company’s stock.

Hedge Funds Weigh In On Arch Capital Group

A number of hedge funds and other institutional investors have recently bought and sold shares of ACGL. Vanguard Group Inc. boosted its holdings in shares of Arch Capital Group by 1.2% in the second quarter. Vanguard Group Inc. now owns 42,414,557 shares of the insurance provider’s stock valued at $3,861,845,000 after buying an additional 493,583 shares during the period. Artisan Partners Limited Partnership boosted its stake in Arch Capital Group by 1.7% in the 2nd quarter. Artisan Partners Limited Partnership now owns 23,833,290 shares of the insurance provider’s stock worth $2,170,021,000 after purchasing an additional 408,950 shares during the period. WCM Investment Management LLC boosted its stake in Arch Capital Group by 1.3% in the 3rd quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock worth $1,214,987,000 after purchasing an additional 171,693 shares during the period. Geode Capital Management LLC increased its holdings in Arch Capital Group by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 10,502,003 shares of the insurance provider’s stock worth $952,523,000 after purchasing an additional 115,465 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Arch Capital Group by 4.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider’s stock worth $743,168,000 after purchasing an additional 360,626 shares in the last quarter. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $98.88 on Wednesday. The business’s 50-day simple moving average is $95.42 and its 200 day simple moving average is $92.13. The company has a quick ratio of 0.55, a current ratio of 0.53 and a debt-to-equity ratio of 0.13. The stock has a market cap of $35.86 billion, a price-to-earnings ratio of 8.51, a P/E/G ratio of 3.94 and a beta of 0.42. Arch Capital Group has a 12-month low of $82.44 and a 12-month high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.64. The firm had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.94 billion. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.During the same period in the previous year, the business posted $2.26 EPS. As a group, research analysts anticipate that Arch Capital Group will post 8.42 earnings per share for the current year.

Arch Capital Group Company Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.