Arch Capital Group (NASDAQ:ACGLN) Trading Up 0.3% – Here’s What Happened

Arch Capital Group Ltd. (NASDAQ:ACGLN) rose 0.3% during mid-day trading on Tuesday . The stock traded as high as $16.02 and last traded at $15.88. 24,726 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 44,963 shares. The stock had previously closed at $15.84.

Arch Capital Group Stock Down 0.4%

The company’s fifty day simple moving average is $16.15 and its 200 day simple moving average is $16.57.

Institutional Trading of Arch Capital Group

An institutional investor recently raised its stake in Arch Capital Group stock. GAMMA Investing LLC grew its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGLN) by 12,890.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,897 shares of the company’s stock after acquiring an additional 3,867 shares during the quarter. GAMMA Investing LLC’s holdings in Arch Capital Group were worth $64,000 at the end of the most recent quarter.

Arch Capital Group Company Profile

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.