Arch Capital Group Ltd. (NASDAQ:ACGLN – Get Free Report) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 39,090 shares, a drop of 43.6% from the April 15th total of 69,355 shares. Based on an average daily trading volume, of 19,815 shares, the days-to-cover ratio is currently 2.0 days.
Arch Capital Group Trading Down 0.2%
NASDAQ:ACGLN opened at $16.65 on Tuesday. Arch Capital Group has a 52-week low of $16.30 and a 52-week high of $18.34. The stock has a 50-day simple moving average of $16.96 and a 200 day simple moving average of $17.21.
Arch Capital Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.2844 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date is Tuesday, September 15th.
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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