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

Posted by Mark Dietrich on Jul 29th, 2024

Arch Capital Group Ltd. (NASDAQ:ACGLO – Get Free Report) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 10,900 shares, a growth 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 presently 0.8 days.

Hedge Funds Weigh In On Arch Capital Group

An institutional investor recently bought a new position in Arch Capital Group stock. Cove Street Capital LLC acquired a new position in Arch Capital Group Ltd. (NASDAQ:ACGLO – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,500 shares of the company’s stock, valued at approximately $169,000.

Arch Capital Group Stock Up 0.2 %

NASDAQ ACGLO opened at $22.47 on Monday. Arch Capital Group has a 52 week low of $19.20 and a 52 week high of $24.50. The company has a 50-day moving average price of $22.48 and a 200-day moving average price of $23.05.

Arch Capital Group Increases Dividend

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

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.