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

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 7,800 shares, a decrease of 68.5% from the March 15th total of 24,800 shares. Based on an average daily volume of 30,700 shares, the days-to-cover ratio is currently 0.3 days.

Arch Capital Group Trading Down 1.3 %

Arch Capital Group stock opened at $20.33 on Thursday. The stock has a fifty day moving average price of $20.51 and a two-hundred day moving average price of $19.48. Arch Capital Group has a 52-week low of $16.49 and a 52-week high of $21.21.

Arch Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, March 31st. Shareholders of record on Friday, March 15th were paid a dividend of $0.2844 per share. This is a positive change from Arch Capital Group’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a yield of 5.60%. The ex-dividend date was Thursday, March 14th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Arch Capital Group stock. PNC Financial Services Group Inc. boosted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGLN) by 273.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,646 shares of the company’s stock after acquiring an additional 2,670 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Arch Capital Group were worth $77,000 as of its most recent SEC filing.

About Arch Capital Group

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.