Arch Capital Group Ltd. (NASDAQ:ACGLN) Short Interest Update

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 31,800 shares, a drop 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 Down 1.6 %

NASDAQ ACGLN opened at $17.89 on Friday. The firm’s fifty day moving average price is $18.52 and its two-hundred day moving average price is $19.43. Arch Capital Group has a fifty-two week low of $17.35 and a fifty-two week high of $20.99.

Arch Capital Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Saturday, March 15th will be paid a dividend of $0.2844 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.36%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost 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.