Arch Capital Group Ltd. (NASDAQ:ACGLN – Get Free Report) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 75,134 shares, a drop of 39.4% from the June 30th total of 123,902 shares. Based on an average trading volume of 35,305 shares, the days-to-cover ratio is currently 2.1 days.
Arch Capital Group Stock Performance
Shares of ACGLN opened at $16.35 on Friday. Arch Capital Group has a 12-month low of $15.65 and a 12-month high of $18.34. The company has a 50-day moving average of $16.25 and a two-hundred day moving average of $16.88.
Arch Capital Group Dividend Announcement
The business also recently disclosed 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. This represents a $1.14 annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Tuesday, September 15th.
Institutional Investors Weigh In On Arch Capital Group
About Arch Capital Group
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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