Arch Capital Group Ltd. (NASDAQ:ACGLO – Get Free Report) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 24,748 shares, an increase of 191.3% from the June 15th total of 8,496 shares. Based on an average daily trading volume, of 50,334 shares, the days-to-cover ratio is currently 0.5 days.
Arch Capital Group Trading Down 0.1%
ACGLO stock traded down $0.02 during trading hours on Monday, hitting $18.93. 4,642 shares of the stock traded hands, compared to its average volume of 26,669. The stock has a 50-day simple moving average of $19.55 and a 200 day simple moving average of $20.20. Arch Capital Group has a one year low of $18.71 and a one year high of $22.20.
Arch Capital Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.3406 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend 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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