Arch Capital stock is trading -10.39% below its average target price of $69.7 after dropping -1.5% during today's afternoon session. Analysts are giving the large-cap Diversified Insurance company an average rating of buy and target prices ranging from $65 to $75 per share.
The stock has an average amount of shares sold short at 2.3%, and a short ratio of 4.17. The company's insiders own 3.08% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 92.2% of Arch Capital's shares being owned by this investor type.
Institutions Invested in Arch Capital
|Artisan Partners Limited Partnership||35,253,620||2022-09-29||10%||$2,201,941,072|
|Vanguard Group, Inc. (The)||34,055,507||2022-09-29||9%||$2,127,106,936|
|Capital World Investors||19,211,762||2022-09-29||5%||$1,199,966,636|
|Allspring Global Investments Holdings, LLC||10,483,089||2022-09-29||3%||$654,773,729|
|Capital Research Global Investors||9,697,564||2022-09-29||3%||$605,709,838|
|FPR Partners, LLC||9,161,738||2022-09-29||2%||$572,242,147|
|State Street Corporation||8,149,909||2022-09-29||2%||$509,043,308|
|Wellington Management Group, LLP||7,456,869||2022-09-29||2%||$465,756,030|
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Arch Capital.