Arch Capital Group Ltd. (NASDAQ:ACGLO – Get Free Report) dropped 1.1% during trading on Tuesday . The company traded as low as $19.88 and last traded at $19.93. Approximately 22,448 shares traded hands during trading, a decline of 7% from the average daily volume of 24,256 shares. The stock had previously closed at $20.16.
Arch Capital Group Trading Down 0.7%
The business has a 50-day moving average price of $20.15 and a 200 day moving average price of $20.63.
Arch Capital Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.3406 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Tuesday, September 15th.
About Arch Capital Group
Arch Capital Group Ltd, through its operating subsidiaries, is a global provider of insurance, reinsurance, and mortgage insurance products. The company offers property and casualty insurance for commercial and personal lines, including solutions for professional liability, marine, and energy risks. In addition, Arch Capital is active in the mortgage insurance sector, providing primary mortgage guaranty and portfolio reinsurance for residential and commercial mortgages. It also participates in specialty programs, such as political violence, aviation, and cyber coverage.
Founded in 2001 and headquartered in Pembroke, Bermuda, Arch Capital Group has established a presence across North America, Europe, and the Asia-Pacific region.
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