Arch Capital Group Ltd. (NASDAQ:ACGLN – Get Free Report) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 4,300 shares, a decrease of 91.6% from the November 30th total of 51,100 shares. Based on an average trading volume of 41,300 shares, the days-to-cover ratio is currently 0.1 days.
Arch Capital Group Trading Down 1.2 %
Shares of NASDAQ ACGLN opened at $17.72 on Friday. The stock has a fifty day moving average price of $19.70 and a 200 day moving average price of $19.85. Arch Capital Group has a 12-month low of $17.56 and a 12-month high of $21.21.
Arch Capital Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th will be paid a $0.2844 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.14 annualized dividend and a dividend yield of 6.42%.
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.
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