Arch Capital Group (NASDAQ:ACGLN) Stock Price Down 0.7% – Here’s Why

Arch Capital Group Ltd. (NASDAQ:ACGLN)’s share price traded down 0.7% on Monday . The stock traded as low as $16.25 and last traded at $16.25. 28,379 shares were traded during trading, a decline of 30% from the average session volume of 40,767 shares. The stock had previously closed at $16.36.

Arch Capital Group Trading Down 0.7%

The company’s 50-day moving average price is $16.85 and its two-hundred day moving average price is $17.10.

Arch Capital Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.2844 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.14 annualized dividend and a dividend yield of 7.0%.

Arch Capital Group Company Profile

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.