Arch Capital Group Ltd. (NASDAQ:ACGL) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totalling 1,311,072 shares, an increase of 23.2% from the July 14th total of 1,064,333 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 510,714 shares, the days-to-cover ratio is currently 2.6 days.

Several equities research analysts recently commented on ACGL shares. Wells Fargo & Company reissued a “hold” rating on shares of Arch Capital Group in a report on Wednesday, June 14th. Morgan Stanley boosted their price target on shares of Arch Capital Group from $90.00 to $96.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $95.00 price target on shares of Arch Capital Group in a report on Tuesday, July 4th. BidaskClub raised shares of Arch Capital Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, Zacks Investment Research lowered shares of Arch Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $92.55.

In other news, CEO Constantine Iordanou sold 50,000 shares of Arch Capital Group stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $97.88, for a total transaction of $4,894,000.00. Following the completion of the transaction, the chief executive officer now directly owns 171,901 shares of the company’s stock, valued at approximately $16,825,669.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Louis T. Petrillo sold 2,990 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $94.98, for a total transaction of $283,990.20. Following the transaction, the insider now directly owns 56,268 shares of the company’s stock, valued at $5,344,334.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 203,756 shares of company stock valued at $19,562,718. Insiders own 6.60% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Arch Capital Group by 3,410.5% in the first quarter. BlackRock Inc. now owns 8,769,351 shares of the insurance provider’s stock worth $831,073,000 after buying an additional 8,519,546 shares in the last quarter. Citadel Advisors LLC boosted its position in shares of Arch Capital Group by 1,388.0% in the second quarter. Citadel Advisors LLC now owns 2,088,015 shares of the insurance provider’s stock worth $194,792,000 after buying an additional 1,947,691 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Arch Capital Group by 802.5% in the first quarter. JPMorgan Chase & Co. now owns 850,833 shares of the insurance provider’s stock worth $80,633,000 after buying an additional 756,556 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Arch Capital Group by 7.7% in the second quarter. Vanguard Group Inc. now owns 10,331,707 shares of the insurance provider’s stock worth $963,845,000 after buying an additional 742,855 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Arch Capital Group by 21.0% in the second quarter. FMR LLC now owns 2,294,852 shares of the insurance provider’s stock worth $214,087,000 after buying an additional 398,988 shares in the last quarter. Institutional investors and hedge funds own 70.23% of the company’s stock.

Shares of Arch Capital Group (NASDAQ:ACGL) opened at 96.14 on Friday. Arch Capital Group has a 52 week low of $74.16 and a 52 week high of $99.47. The firm’s 50-day moving average is $96.20 and its 200 day moving average is $94.79. The firm has a market cap of $12.93 billion, a PE ratio of 17.49 and a beta of 0.67.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. Arch Capital Group had a return on equity of 8.76% and a net margin of 15.65%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the business posted $1.13 earnings per share. The business’s revenue for the quarter was up 22.0% on a year-over-year basis. Equities research analysts forecast that Arch Capital Group will post $5.35 EPS for the current year.

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About Arch Capital Group

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

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