Arch Capital Group Ltd. (NASDAQ:ACGLO – Get Free Report) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 45,400 shares, an increase of 112.1% from the March 15th total of 21,400 shares. Based on an average daily volume of 26,300 shares, the days-to-cover ratio is presently 1.7 days.
Arch Capital Group Stock Up 0.4 %
ACGLO stock opened at $20.24 on Thursday. The business has a 50 day moving average of $21.20 and a 200 day moving average of $22.05. Arch Capital Group has a twelve month low of $20.05 and a twelve month high of $23.92.
Arch Capital Group Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Saturday, March 15th were issued a dividend of $0.3406 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.36 annualized dividend and a dividend yield of 6.73%.
Arch Capital Group Company Profile
Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' 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 workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.
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