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

Arch Capital Group Ltd. (NASDAQ:ACGL) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 5,040,000 shares, a decline 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 short-interest ratio is presently 2.7 days. Approximately 1.4% of the shares of the company are sold short.

Institutional Investors Weigh In On Arch Capital Group

Several hedge funds have recently made changes to their positions in ACGL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Arch Capital Group by 245.1% in 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 purchased a new stake in Arch Capital Group in the third quarter valued at approximately $82,748,000. National Pension Service acquired a new position in Arch Capital Group during the third quarter worth approximately $64,271,000. International Assets Investment Management LLC raised its position in shares of Arch Capital Group by 18,634.1% in the 3rd quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider’s stock worth $616,840,000 after buying an additional 548,402 shares during the period. Finally, Brandes Investment Partners LP acquired a new stake in Arch Capital Group during the second quarter worth about $48,119,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $93.42 on Friday. 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 company has a market capitalization of $35.15 billion, a P/E ratio of 6.27, a price-to-earnings-growth ratio of 1.50 and a beta of 0.62. The firm has a 50-day moving average price of $102.03 and a two-hundred day moving average price of $103.07. Arch Capital Group has a twelve month low of $72.85 and a twelve month high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the company earned $2.31 earnings per share. As a group, research analysts expect that Arch Capital Group will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were issued a $5.00 dividend. The ex-dividend date of this dividend was Monday, November 18th.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ACGL shares. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Barclays started coverage on shares of Arch Capital Group in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 price objective on the stock. Evercore ISI raised their price target on Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. Roth Mkm increased their price objective 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. Finally, Bank of America cut their price target on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 15th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Arch Capital Group presently has an average rating of “Moderate Buy” and a consensus price target of $118.38.

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.