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

Arch Capital Group Ltd. (NASDAQ:ACGL) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totaling 6,460,519 shares, an increase of 13.5% from the March 31st total of 5,693,649 shares. Currently, 1.9% of the company’s shares are short sold. Based on an average daily trading volume, of 1,761,327 shares, the days-to-cover ratio is presently 3.7 days.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock opened at $94.46 on Friday. The business’s fifty day moving average price is $96.37 and its 200 day moving average price is $94.21. Arch Capital Group has a twelve month low of $82.44 and a twelve month high of $103.39. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $33.65 billion, a P/E ratio of 7.25, a PEG ratio of 4.62 and a beta of 0.41.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The firm had revenue of $4.52 billion during the quarter. As a group, research analysts anticipate that Arch Capital Group will post 9.33 earnings per share for the current year.

Insider Activity

In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 21,930 shares of Arch Capital Group stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $96.31, for a total value of $2,112,078.30. Following the completion of the sale, the chief executive officer directly owned 871,594 shares of the company’s stock, valued at approximately $83,943,218.14. The trade was a 2.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David Gansberg sold 5,907 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total value of $569,257.59. Following the transaction, the insider directly owned 336,559 shares in the company, valued at approximately $32,434,190.83. This represents a 1.72% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 78,267 shares of company stock worth $7,291,637. Corporate insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On Arch Capital Group

A number of institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its position in Arch Capital Group by 1.2% during the first quarter. Sequoia Financial Advisors LLC now owns 35,538 shares of the insurance provider’s stock valued at $3,411,000 after acquiring an additional 411 shares during the period. Equitable Trust Co. grew its stake in Arch Capital Group by 0.9% during the first quarter. Equitable Trust Co. now owns 35,900 shares of the insurance provider’s stock worth $3,446,000 after buying an additional 309 shares during the period. Hsbc Holdings PLC raised its stake in shares of Arch Capital Group by 230.0% in the 1st quarter. Hsbc Holdings PLC now owns 1,286,178 shares of the insurance provider’s stock valued at $123,354,000 after acquiring an additional 896,480 shares during the period. SkyOak Wealth LLC purchased a new position in shares of Arch Capital Group in the 1st quarter valued at $239,000. Finally, Personal CFO Solutions LLC raised its stake in shares of Arch Capital Group by 1.4% in the 1st quarter. Personal CFO Solutions LLC now owns 10,238 shares of the insurance provider’s stock valued at $983,000 after acquiring an additional 145 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ACGL has been the subject of several analyst reports. Evercore set a $100.00 target price on Arch Capital Group and gave the company an “in-line” rating in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods lifted their price target on Arch Capital Group from $104.00 to $105.00 and gave the company a “market perform” rating in a report on Tuesday, April 7th. Morgan Stanley set a $125.00 price objective on shares of Arch Capital Group in a research note on Friday, January 16th. The Goldman Sachs Group reiterated a “sell” rating and set a $93.00 price objective (up from $84.00) on shares of Arch Capital Group in a report on Wednesday, January 7th. Finally, Barclays raised their target price on shares of Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Arch Capital Group has a consensus rating of “Hold” and a consensus target price of $108.04.

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.