Arch Capital Group Ltd. (NASDAQ:ACGLN) Short Interest Down 49.8% in February

Arch Capital Group Ltd. (NASDAQ:ACGLN) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 31,800 shares, a decline of 49.8% from the February 13th total of 63,400 shares. Based on an average trading volume of 45,500 shares, the days-to-cover ratio is presently 0.7 days.

Arch Capital Group Stock Up 0.4 %

Shares of NASDAQ:ACGLN opened at $18.19 on Friday. The business’s 50-day moving average is $18.54 and its 200 day moving average is $19.45. Arch Capital Group has a 1 year low of $17.35 and a 1 year high of $20.99.

Arch Capital Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Saturday, March 15th will be given a dividend of $0.2844 per share. The ex-dividend date is Friday, March 14th. This represents a $1.14 dividend on an annualized basis and a yield of 6.25%. This is an increase from Arch Capital Group’s previous quarterly dividend of $0.28.

Arch Capital Group Company Profile

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.