Arch Capital Group Ltd. (NASDAQ:ACGLN – Get Free Report) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 55,775 shares, a drop of 17.0% from the February 26th total of 67,223 shares. Based on an average daily trading volume, of 32,329 shares, the short-interest ratio is currently 1.7 days.
Arch Capital Group Price Performance
Shares of ACGLN opened at $16.56 on Monday. Arch Capital Group has a one year low of $16.30 and a one year high of $18.34. The business has a fifty day moving average of $17.40 and a 200 day moving average of $17.44.
Arch Capital Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Sunday, March 15th will be given a $0.2844 dividend. This represents a $1.14 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Friday, March 13th.
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.
Featured Stories
Receive News & Ratings for Arch Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.
