Arch Capital Group Ltd. (NASDAQ:ACGLN – Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 6,400 shares, a growth of 6.7% from the July 31st total of 6,000 shares. Based on an average daily volume of 40,200 shares, the short-interest ratio is presently 0.2 days.
Institutional Investors Weigh In On Arch Capital Group
An institutional investor recently raised its position in Arch Capital Group stock. PNC Financial Services Group Inc. grew its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGLN – Free Report) by 273.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 3,646 shares of the company’s stock after acquiring an additional 2,670 shares during the period. 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 Performance
ACGLN opened at $18.25 on Thursday. Arch Capital Group has a 1-year low of $17.02 and a 1-year high of $20.64. The business has a 50 day moving average price of $18.89 and a two-hundred day moving average price of $19.23.
Arch Capital Group Company Profile
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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