Arch Capital Group Ltd. (NASDAQ:ACGLO – Get Rating) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 9,200 shares, a decrease of 68.2% from the February 28th total of 28,900 shares. Based on an average trading volume of 19,400 shares, the days-to-cover ratio is currently 0.5 days.
Arch Capital Group Stock Up 1.1 %
ACGLO stock opened at $21.88 on Tuesday. Arch Capital Group has a 1 year low of $19.90 and a 1 year high of $25.23. The company has a 50-day moving average of $22.86.
Get Arch Capital Group alerts:Arch Capital Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be paid a dividend of $0.3406 per share. The ex-dividend date is Tuesday, March 14th. This represents a $1.36 dividend on an annualized basis and a yield of 6.23%.
About Arch Capital Group
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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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