Arch Capital Group Ltd. (NASDAQ:ACGLN – Get Free Report) was the recipient of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 53,689 shares, a drop of 41.6% from the January 29th total of 91,957 shares. Based on an average daily trading volume, of 34,519 shares, the short-interest ratio is presently 1.6 days. Based on an average daily trading volume, of 34,519 shares, the short-interest ratio is presently 1.6 days.
Arch Capital Group Trading Down 0.6%
Shares of ACGLN stock opened at $17.60 on Friday. The company’s fifty day simple moving average is $17.39 and its two-hundred day simple moving average is $17.55. Arch Capital Group has a 52 week low of $16.44 and a 52 week high of $18.96.
Arch Capital Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Sunday, March 15th will be given a dividend of $0.2844 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.14 dividend on an annualized basis and a yield of 6.5%.
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.
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