Arch Capital Group (NASDAQ:ACGLN) Trading Down 1% – What’s Next?

Arch Capital Group Ltd. (NASDAQ:ACGLNGet Free Report) shares fell 1% on Wednesday . The company traded as low as $15.84 and last traded at $15.86. Approximately 21,606 shares were traded during trading, a decline of 52% from the average session volume of 44,552 shares. The stock had previously closed at $16.02.

Arch Capital Group Stock Up 0.1%

The company’s fifty day simple moving average is $16.44 and its 200-day simple moving average is $16.94.

Arch Capital Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.2844 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.14 dividend on an annualized basis and a yield of 7.1%.

Hedge Funds Weigh In On Arch Capital Group

An institutional investor recently raised its position in Arch Capital Group stock. GAMMA Investing LLC grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGLNFree Report) by 12,890.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,897 shares of the company’s stock after purchasing an additional 3,867 shares during the quarter. GAMMA Investing LLC’s holdings in Arch Capital Group were worth $64,000 as of its most recent filing with the SEC.

About Arch Capital Group

(Get Free Report)

Arch Capital Group Ltd is a Bermuda-based financial services company that provides insurance, reinsurance and mortgage insurance products through its subsidiaries. The company underwrites a broad array of property and casualty insurance, specialty insurance, and reinsurance business, designing customized solutions for clients across commercial, personal and specialty markets. Arch’s offerings include commercial casualty and property, directors and officers liability, professional liability, surety, and mortgage insurance products.

In its reinsurance segment, Arch writes treaty and facultative business lines, encompassing property catastrophe, casualty and specialty risks.

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