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

Posted by Lars Charter on Jul 29th, 2024

Arch Capital Group Ltd. (NASDAQ:ACGLO – Get Free Report) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totalling 10,900 shares, an increase of 38.0% from the June 30th total of 7,900 shares. Based on an average daily trading volume, of 14,500 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of Arch Capital Group

An institutional investor recently bought a new position in Arch Capital Group stock. Cove Street Capital LLC bought a new stake in Arch Capital Group Ltd. (NASDAQ:ACGLO – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 7,500 shares of the company’s stock, valued at approximately $169,000.

Arch Capital Group Price Performance

Shares of ACGLO opened at $22.47 on Monday. Arch Capital Group has a 1-year low of $19.20 and a 1-year high of $24.50. The firm has a 50 day simple moving average of $22.48 and a 200-day simple moving average of $23.05.

Arch Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, June 30th. Stockholders of record on Saturday, June 15th were given a $0.3406 dividend. This is an increase from Arch Capital Group’s previous quarterly dividend of $0.34. This represents a $1.36 annualized dividend and a dividend yield of 6.06%. The ex-dividend date of this dividend was Friday, June 14th.

Arch Capital Group Company Profile

(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.