This afternoon we watched Arch Capital drop -1.7% to a price of $85.06 per share. The large-cap Property & Casualty Insurance company is now trading -11.59% below its average target price of $96.21. Analysts have set target prices ranging from $79.0 to $105.0 per share for Arch Capital, and have given the stock an average rating of buy.
Arch Capital's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.2%. The stock's short ratio is 2.12. The company's insiders own 3.17% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 91.4%. In conclusion, we believe there is positive market sentiment regarding Arch Capital.
Institutions Invested in Arch Capital
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 11% | 40,949,001 | $3,483,121,925 |
| 2023-09-30 | Blackrock Inc. | 7% | 26,345,442 | $2,240,943,232 |
| 2023-09-30 | Artisan Partners Limited Partnership | 7% | 25,720,132 | $2,187,754,365 |
| 2023-06-30 | BAMCO Inc. | 6% | 21,296,800 | $1,811,505,756 |
| 2023-09-30 | WCM Investment Management, LLC | 4% | 15,956,744 | $1,357,280,605 |
| 2023-06-30 | State Street Corporation | 4% | 15,144,346 | $1,288,178,033 |
| 2023-06-30 | Capital World Investors | 3% | 10,661,534 | $906,870,056 |
| 2023-06-30 | Wellington Management Group, LLP | 3% | 9,417,310 | $801,036,365 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 8,756,028 | $744,787,720 |
| 2023-09-30 | Principal Financial Group, Inc. | 2% | 6,176,887 | $525,405,993 |
