Arch Capital Group Ltd. (NASDAQ:ACGLN – Get Free Report) shares crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $15.22 and traded as low as $14.89. Arch Capital Group shares last traded at $15.06, with a volume of 85,727 shares traded.
Arch Capital Group Trading Down 1.4%
The firm’s 50-day simple moving average is $15.22 and its 200 day simple moving average is $16.37.
Arch Capital Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be given a $0.2844 dividend. This represents a $1.14 annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Tuesday, December 15th.
Institutional Investors Weigh In On Arch Capital Group
An institutional investor recently raised its position in Arch Capital Group stock. GAMMA Investing LLC boosted its stake in Arch Capital Group Ltd. (NASDAQ:ACGLN – Free Report) by 12,890.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,897 shares of the company’s stock after purchasing an additional 3,867 shares during the quarter. GAMMA Investing LLC’s holdings in Arch Capital Group were worth $64,000 as of its most recent SEC filing.
Arch Capital Group Company Profile
Arch Capital Group Ltd. is a Bermuda-based insurance and reinsurance company founded in 1995. Through its operating businesses, the company provides specialty insurance, reinsurance and mortgage insurance to businesses, financial institutions and other customers. Arch’s insurance offerings include property and casualty coverage, such as professional liability, casualty and property insurance. Its reinsurance business assumes risks from other insurers across a range of lines, while its mortgage insurance business provides coverage that helps protect mortgage lenders against borrower defaults.
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