Arch Capital Group Ltd. (NASDAQ:ACGLN) Short Interest Down 85.0% in July

Arch Capital Group Ltd. (NASDAQ:ACGLNGet Rating) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totalling 8,200 shares, a decline of 85.0% from the June 30th total of 54,700 shares. Based on an average trading volume of 54,800 shares, the short-interest ratio is currently 0.1 days.

Insiders Place Their Bets

In other Arch Capital Group news, Director Brian S. Posner purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, April 29th. The stock was acquired at an average cost of $19.23 per share, with a total value of $38,460.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $38,460. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Maamoun Rajeh sold 12,237 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $47.06, for a total transaction of $575,873.22. Following the completion of the sale, the chief executive officer now directly owns 412,990 shares of the company’s stock, valued at $19,435,309.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Brian S. Posner purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, April 29th. The shares were acquired at an average cost of $19.23 per share, with a total value of $38,460.00. Following the completion of the purchase, the director now owns 2,000 shares of the company’s stock, valued at $38,460. The disclosure for this purchase can be found here.

Institutional Investors Weigh In On Arch Capital Group

A hedge fund recently raised its stake in Arch Capital Group stock. PNC Financial Services Group Inc. grew its stake in Arch Capital Group Ltd. (NASDAQ:ACGLNGet Rating) by 273.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,646 shares of the company’s stock after buying an additional 2,670 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Arch Capital Group were worth $77,000 at the end of the most recent reporting period.

Arch Capital Group Stock Up 0.5 %

Shares of NASDAQ:ACGLN opened at $19.71 on Thursday. Arch Capital Group has a 52 week low of $17.96 and a 52 week high of $26.76. The firm has a 50 day moving average price of $19.44.

Arch Capital Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a $0.2844 dividend. This represents a $1.14 annualized dividend and a yield of 5.77%. The ex-dividend date of this dividend is Wednesday, September 14th.

About Arch Capital Group

(Get Rating)

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.

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