Is Buying Arch Capital Group LTD. (NASDAQ:ACGL), Having Lower Short Interest a Winning Strategy?

March 16, 2018 - By Peter Erickson

 Is Buying Arch Capital Group LTD. (NASDAQ:ACGL), Having Lower Short Interest a Winning Strategy?

Investors sentiment decreased to 1.03 in 2017 Q3. Its down 0.19, from 1.22 in 2017Q2. It worsened, as 38 investors sold Arch Capital Group Ltd. shares while 81 reduced holdings. 26 funds opened positions while 96 raised stakes. 102.75 million shares or 3.97% more from 98.82 million shares in 2017Q2 were reported.
Lord Abbett & Com Ltd Llc has 846,756 shares. Retail Bank Of Montreal Can stated it has 0.01% in Arch Capital Group Ltd. (NASDAQ:ACGL). Paradigm Asset Mngmt Limited Liability Com holds 0.31% or 12,000 shares. Moreover, Hsbc Plc has 0.01% invested in Arch Capital Group Ltd. (NASDAQ:ACGL) for 82,684 shares. Deutsche Bank Ag invested 0.02% of its portfolio in Arch Capital Group Ltd. (NASDAQ:ACGL). Wms Ptnrs Ltd Liability Com accumulated 7,500 shares or 0.09% of the stock. Bnp Paribas Arbitrage, New York-based fund reported 40,255 shares. Illinois-based Ubs Asset Management Americas Inc has invested 0.06% in Arch Capital Group Ltd. (NASDAQ:ACGL). Sumitomo Mitsui Asset Mngmt Ltd, Japan-based fund reported 8,610 shares. 3,900 were accumulated by Maryland Mngmt. Amalgamated Commercial Bank invested 0.04% of its portfolio in Arch Capital Group Ltd. (NASDAQ:ACGL). Guggenheim Cap Lc reported 0% in Arch Capital Group Ltd. (NASDAQ:ACGL). Metropolitan Life Insurance Ny stated it has 0% in Arch Capital Group Ltd. (NASDAQ:ACGL). Utah Retirement Systems holds 0.05% in Arch Capital Group Ltd. (NASDAQ:ACGL) or 23,354 shares. Pictet Asset Ltd has 50,200 shares.

Since December 11, 2017, it had 1 insider buy, and 3 selling transactions for $1.34 million activity. $237,997 worth of Arch Capital Group Ltd. (NASDAQ:ACGL) was bought by IORDANOU CONSTANTINE on Thursday, February 15. PETRILLO LOUIS T had sold 5,921 shares worth $539,212 on Wednesday, December 13.

The stock of Arch Capital Group LTD. (NASDAQ:ACGL) registered a decrease of 2.01% in short interest. ACGL’s total short interest was 2.62 million shares in March as published by FINRA. Its down 2.01% from 2.68 million shares, reported previously. With 512,500 shares average volume, it will take short sellers 5 days to cover their ACGL’s short positions. The short interest to Arch Capital Group LTD.’s float is 2.02%.

The stock increased 0.91% or $0.77 during the last trading session, reaching $85.04. About 615,022 shares traded. Arch Capital Group Ltd. (NASDAQ:ACGL) has risen 33.14% since March 16, 2017 and is uptrending. It has outperformed by 16.44% the S&P500.

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company has market cap of $11.62 billion. The Company’s Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; directorsÂ’ and officersÂ’ 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 workersÂ’ compensation and umbrella liability, as well as commercial automobile and inland marine products. It has a 20.89 P/E ratio. It also provides property, energy, marine, and aviation insurance; travel insurance; accident, disability, and medical plan insurance coverages; captive insurance programs; employersÂ’ liability insurance coverages; and contract and commercial surety coverages.

Arch Capital Group Ltd. (NASDAQ:ACGL) Ratings Coverage

Among 15 analysts covering Arch Capital (NASDAQ:ACGL), 6 have Buy rating, 1 Sell and 8 Hold. Therefore 40% are positive. Arch Capital had 43 analyst reports since July 31, 2015 according to SRatingsIntel. As per Thursday, September 15, the company rating was downgraded by Barclays Capital. On Monday, December 12 the stock rating was upgraded by BMO Capital Markets to “Outperform”. The stock of Arch Capital Group Ltd. (NASDAQ:ACGL) has “Outperform” rating given on Friday, July 31 by RBC Capital Markets. The firm has “Outperform” rating given on Friday, January 6 by Credit Suisse. UBS maintained the stock with “Buy” rating in Monday, October 30 report. Macquarie Research downgraded Arch Capital Group Ltd. (NASDAQ:ACGL) on Tuesday, January 19 to “Neutral” rating. Wells Fargo maintained the stock with “Hold” rating in Wednesday, July 26 report. The firm has “Buy” rating by RBC Capital Markets given on Monday, October 2. Keefe Bruyette & Woods maintained Arch Capital Group Ltd. (NASDAQ:ACGL) on Thursday, October 12 with “Hold” rating. Keefe Bruyette & Woods maintained it with “Market Perform” rating and $78 target in Friday, August 5 report.

More notable recent Arch Capital Group Ltd. (NASDAQ:ACGL) news were published by: which released: “Arch Capital (ACGL) Down 2.3% Since Earnings Report: Can It Rebound?” on March 14, 2018, also with their article: “RBC says mortgage insurers are a buy” published on March 12, 2018, published: “Arch Capital Group Ltd. Announces Secondary Public Offering of 5674200 Common …” on March 08, 2018. More interesting news about Arch Capital Group Ltd. (NASDAQ:ACGL) were released by: and their article: “Arch Capital Group Ltd. Confirms Participation in Freddie Mac’s New Mortgage …” published on March 13, 2018 as well as‘s news article titled: “Arch Capital Group Ltd (ACGL) Announces 5.67M Share Secondary Offering” with publication date: March 08, 2018.

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