Arch Capital Group (NASDAQ:ACGLN) Trading Down 0.7% – Time to Sell?

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

Arch Capital Group Price Performance

The firm’s 50-day simple moving average is $16.83 and its 200 day simple moving average is $17.09.

Arch Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.2844 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.14 dividend on an annualized basis and a yield of 7.1%.

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.