Arch Capital Group Ltd. (NASDAQ:ACGLO – Get Free Report) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 28,778 shares, a growth of 136.0% from the April 30th total of 12,196 shares. Based on an average daily volume of 15,574 shares, the days-to-cover ratio is currently 1.8 days.
Arch Capital Group Stock Down 0.3%
ACGLO traded down $0.06 on Monday, hitting $19.81. 11,946 shares of the company’s stock traded hands, compared to its average volume of 23,934. The company’s 50 day simple moving average is $20.09 and its 200-day simple moving average is $20.57. Arch Capital Group has a one year low of $19.41 and a one year high of $22.20.
Arch Capital Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.3406 per share. This represents a $1.36 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Tuesday, September 15th.
Arch Capital Group Company Profile
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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