Arch Capital Group Ltd. (NASDAQ:ACGL) sees sharp drop in short-term interest

Arch Capital Group Ltd. (NASDAQ:ACGL – Get Rating) was the target of a sharp decline in short-term interest in April. As of April 30, there was short interest totaling 3,360,000 shares, a decrease of 34.0% from the April 15 total of 5,090,000 shares. Currently, 0.9% of the stock’s shares are sold short. Based on an average daily trading volume of 2,080,000 shares, the short interest ratio is currently 1.6 days.

In addition, the financial director François Morin sold 12,351 shares of the company during a transaction dated Monday, March 14. The shares were sold at an average price of $46.36, for a total value of $572,592.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, manager Brian S. Posner purchased 2,000 shares in a trade dated Friday, April 29. The shares were purchased at an average price of $19.23 per share, with a total value of $38,460.00. As a result of the acquisition, the administrator now directly owns 2,000 shares of the company, valued at approximately $38,460. Disclosure of this purchase can be found here. Insiders of the company hold 4.20% of the shares of the company.

Several institutional investors have recently changed their holdings in ACGL. Dark Forest Capital Management LP acquired a new stake in Arch Capital Group during Q3 worth approximately $25,000. CVA Family Office LLC acquired a new stake in Arch Capital Group during Q4 for a value of approximately $26,000. Riverview Trust Co purchased a new stake in Arch Capital Group during Q1 worth approximately $27,000. CWM LLC acquired a new stake in Arch Capital Group during the 4th quarter for a value of approximately $34,000. Finally, Signaturefd LLC increased its position in Arch Capital Group by 59.8% during the 4th quarter. Signaturefd LLC now owns 866 shares of the insurance provider worth $38,000 after purchasing an additional 324 shares in the last quarter. 88.16% of the shares are currently held by hedge funds and other institutional investors.

A number of equity research analysts have weighed in on the stock recently. Royal Bank of Canada raised its price target on shares of Arch Capital Group from $49.00 to $57.00 in a Friday, February 11 report. JMP Securities raised its price target on shares of Arch Capital Group from $50.00 to $55.00 in a Thursday, February 10 report. MKM Partners raised its price target on Arch Capital Group shares from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 10. Morgan Stanley raised its price target on shares of Arch Capital Group from $52.00 to $53.00 and gave the company an “equal weight” rating in a Monday, February 14, report. Finally, downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a Tuesday, April 12 report. Two equity research analysts gave the stock a hold rating and eight gave the company a buy rating. According to, the company currently has an average rating of “Buy” and an average price target of $53.33.

Arch Capital Group shares opened at $46.02 on Friday. The company’s 50-day moving average price is $47.06 and its 200-day moving average price is $45.48. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt ratio of 0.24. Arch Capital Group has a 52-week low of $36.53 and a 52-week high of $50.73. The company has a market capitalization of $17.29 billion, a P/E ratio of 9.85, a PEG ratio of 1.06 and a beta of 0.83.

Arch Capital Group (NASDAQ:ACGL – Get Rating) last released its quarterly earnings data on Wednesday, April 27. The insurance provider reported earnings per share (EPS) of $1.10 for the quarter, missing analyst consensus estimates of $1.13 per ($0.03). Arch Capital Group achieved a return on equity of 13.18% and a net margin of 21.45%. The company posted revenue of $2.19 billion in the quarter, versus $2.34 billion expected by analysts. During the same period of the previous year, the company achieved EPS of $0.59. As a group, equity research analysts expect Arch Capital Group to post EPS of 4.32 for the current fiscal year.

Arch Capital Group Company Profile (Get an evaluation)

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance and mortgage insurance products worldwide. The Company’s Insurance segment provides primary and excess liability insurance coverages; loss-sensitive primary casualty insurance programs; collateral protection, debt cancellation and service contract repayment products; directors’ and officers’ liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity and other financial coverage; professional medical and general liability insurance coverage; and workers’ compensation and general liability, as well as commercial automotive and inland marine products.

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