Arch Capital Group (NASDAQ:ACGLN) Stock Price Up 0.2% – Time to Buy?

Shares of Arch Capital Group Ltd. (NASDAQ:ACGLN) traded up 0.2% during mid-day trading on Wednesday . The company traded as high as $17.32 and last traded at $17.25. 52,973 shares changed hands during trading, an increase of 20% from the average session volume of 44,091 shares. The stock had previously closed at $17.22.

Arch Capital Group Stock Performance

The business has a 50 day moving average price of $17.54 and a 200-day moving average price of $17.41.

Arch Capital Group Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a $0.2844 dividend. The ex-dividend date is Monday, December 15th. This represents a $1.14 annualized dividend and a yield of 6.6%.

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.