Arch Capital Grp Ltd (NASDAQ:ACGL).
Capital World Investors bought 5,951,477 shares last quarter increasing its exposure to Arch Capital Grp Ltd by 1,608.5%. Its stake was worth $622,665,000 an increase of 1,703.9% as of the end of the quarter.
These firms have modified their investment in ACGL. As of the end of the quarter Renaissance Technologies LLC had bought 262,300 shares growing its stake by 20.7%. The value of the investment in (ACGL) went from $118,012,000 to $150,439,000 increasing 27.5% quarter to quarter. As of quarter end Polar Capital Llp had acquired a total of 32,080 shares growing its position 2.6%. The value of the total investment in Arch Capital Grp Ltd increased from $113,267,000 to $122,753,000 a change of 8.4% quarter over quarter.
Henderson Group Plc augmented its ownership by buying 1,125,219 shares an increase of 6,095.8% in the quarter. Henderson Group Plc owns 1,143,678 shares with a value of $112,652,000. The value of the position overall is up by 6,340.9%.
October 27 investment analysts at Royal Bank Of Canada left the stock rating at “Buy” with a current price target of $113.00. On October 26 analysts at Wells Fargo & Company updated coverage of ACGL with a rating of “Hold” and projecting a price target of $100.00.
Barclays PLC raised the price target of the stock on October 16 boosting the projection from $91.00 to $95.00 and stated a “Equal Weight” rating. On September 21 Keefe, Bruyette & Woods made no change to the company rating of “Hold” targeting a price of $100.00.
Equity analyst Buckingham Research released a research note on ACGL giving it an initial rating of “Buy”. Keefe, Bruyette & Woods updated its forecast on ACGL stating a rating of “Hold” and establishing a price target of $100.00.
The company is now down since yesterday’s close of 96.46. The company’s P/E ratio is 31.06 and market cap is 12.59B. As of the latest earnings report the EPS was $3.10 with 130.87M shares presently outstanding.
Investors are a little more bearish on Arch Capital Grp Ltd of late considering the motion in short interest. The stock had a rise in short interest of 18.60% between September 29, 2017 and October 13, 2017. Short shares grew 489,230 over that period. The days to cover increased to 7.0 and the percentage of shorted shares is 0.02% as of October 13.