Arch Capital Group (NASDAQ:ACGLN) Stock Price Up 0.8% – Still a Buy?

Arch Capital Group Ltd. (NASDAQ:ACGLNGet Free Report)’s share price rose 0.8% during trading on Monday . The stock traded as high as $17.13 and last traded at $17.08. Approximately 114,163 shares were traded during mid-day trading, an increase of 34% from the average daily volume of 84,981 shares. The stock had previously closed at $16.94.

Arch Capital Group Trading Up 0.8%

The business has a 50-day moving average of $17.18 and a 200-day moving average of $17.41.

Arch Capital Group Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a dividend of $0.2844 per share. The ex-dividend date was Monday, December 15th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.7%.

About Arch Capital Group

(Get Free Report)

Arch Capital Group Ltd is a Bermuda-based financial services company that provides insurance, reinsurance and mortgage insurance products through its subsidiaries. The company underwrites a broad array of property and casualty insurance, specialty insurance, and reinsurance business, designing customized solutions for clients across commercial, personal and specialty markets. Arch’s offerings include commercial casualty and property, directors and officers liability, professional liability, surety, and mortgage insurance products.

In its reinsurance segment, Arch writes treaty and facultative business lines, encompassing property catastrophe, casualty and specialty risks.

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