Arch Capital Group Ltd. (NASDAQ:ACGLN – Get Rating) was the recipient of a large drop in short interest in January. As of January 31st, there was short interest totalling 17,600 shares, a drop of 6.4% from the January 15th total of 18,800 shares. Based on an average daily trading volume, of 64,100 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Arch Capital Group stock. PNC Financial Services Group Inc. increased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGLN – Get Rating) by 273.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. 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.
Get Arch Capital Group alerts:Arch Capital Group Stock Down 1.3 %
Shares of Arch Capital Group stock opened at $19.53 on Friday. Arch Capital Group has a twelve month low of $17.02 and a twelve month high of $22.42. The firm's 50-day moving average price is $19.18 and its 200 day moving average price is $18.94.
Arch Capital Group Company Profile
(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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