Arch Capital Group Ltd. (NASDAQ:ACGLO) Short Interest Down 29.5% in February

Arch Capital Group Ltd. (NASDAQ:ACGLOGet Free Report) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 18,200 shares, a drop of 29.5% from the January 31st total of 25,800 shares. Based on an average daily trading volume, of 31,400 shares, the days-to-cover ratio is currently 0.6 days.

Arch Capital Group Stock Down 1.0 %

NASDAQ ACGLO opened at $21.60 on Wednesday. Arch Capital Group has a 1-year low of $20.78 and a 1-year high of $24.50. The business’s 50-day simple moving average is $21.65 and its 200-day simple moving average is $22.64.

Arch Capital Group Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Saturday, March 15th will be paid a dividend of $0.3406 per share. The ex-dividend date is Friday, March 14th. This represents a $1.36 annualized dividend and a yield of 6.31%.

About Arch Capital Group

(Get Free Report)

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.

Featured Articles

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.