Arch Capital Group (NASDAQ:ACGLN) Trading 0.2% Higher – What’s Next?

Shares of Arch Capital Group Ltd. (NASDAQ:ACGLN) shot up 0.2% during mid-day trading on Wednesday . The stock traded as high as $17.32 and last traded at $17.25. 52,973 shares were traded during mid-day trading, an increase of 20% from the average session volume of 44,091 shares. The stock had previously closed at $17.22.

Arch Capital Group Stock Up 0.2%

The company has a fifty day moving average price of $17.54 and a 200-day moving average price of $17.41.

Arch Capital Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a $0.2844 dividend. This represents a $1.14 annualized dividend and a yield of 6.6%. The ex-dividend date is Monday, December 15th.

About Arch Capital Group

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; 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.