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

Arch Capital Group Ltd. (NASDAQ:ACGL) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 7,051,817 shares, a growth 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 short-interest ratio is currently 2.7 days. Currently, 2.0% of the company’s stock are sold short. Currently, 2.0% of the company’s stock are sold short. Based on an average trading volume of 2,595,739 shares, the short-interest ratio is currently 2.7 days.

Arch Capital Group Trading Down 1.5%

Shares of NASDAQ:ACGL opened at $98.38 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13. Arch Capital Group has a 12-month low of $82.44 and a 12-month high of $103.39. The business has a 50 day moving average of $95.28 and a two-hundred day moving average of $92.05. The company has a market capitalization of $35.68 billion, a PE ratio of 8.47, a PEG ratio of 3.94 and a beta of 0.42.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.64. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. The business had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter last year, the company earned $2.26 EPS. As a group, analysts forecast that Arch Capital Group will post 8.42 EPS for the current year.

Insider Activity

In related news, insider John M. Pasquesi sold 203,866 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $93.90, for a total value of $19,143,017.40. Following the completion of the transaction, the insider directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Maamoun Rajeh sold 47,430 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $96.12, for a total transaction of $4,558,971.60. Following the completion of the sale, the insider owned 433,589 shares of the company’s stock, valued at $41,676,574.68. This trade represents a 9.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 268,096 shares of company stock worth $25,287,645 over the last 90 days. 4.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Daymark Wealth Partners LLC grew its position in shares of Arch Capital Group by 3.4% during the 4th quarter. Daymark Wealth Partners LLC now owns 3,211 shares of the insurance provider’s stock valued at $308,000 after acquiring an additional 106 shares during the period. TD Waterhouse Canada Inc. boosted its position in Arch Capital Group by 31.4% during the second quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 112 shares in the last quarter. Crescent Grove Advisors LLC grew its holdings in Arch Capital Group by 3.1% in the second quarter. Crescent Grove Advisors LLC now owns 3,702 shares of the insurance provider’s stock valued at $337,000 after purchasing an additional 112 shares during the period. Keel Point LLC increased its position in shares of Arch Capital Group by 4.6% in the third quarter. Keel Point LLC now owns 2,524 shares of the insurance provider’s stock valued at $229,000 after buying an additional 112 shares in the last quarter. Finally, Legacy Advisors LLC increased its position in shares of Arch Capital Group by 1.2% in the fourth quarter. Legacy Advisors LLC now owns 9,551 shares of the insurance provider’s stock valued at $916,000 after buying an additional 112 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ACGL shares. JPMorgan Chase & Co. upped their target price on Arch Capital Group from $111.00 to $117.00 and gave the company a “neutral” rating in a research report on Wednesday, January 7th. Roth Mkm set a $110.00 price target on Arch Capital Group and gave the company a “buy” rating in a research note on Tuesday, December 2nd. The Goldman Sachs Group restated a “sell” rating and issued a $93.00 price objective (up from $84.00) on shares of Arch Capital Group in a research note on Wednesday, January 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $97.00 target price (up previously from $93.00) on shares of Arch Capital Group in a report on Wednesday, January 14th. Finally, Royal Bank Of Canada increased their price target on shares of Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $109.27.

About Arch Capital Group

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.