Arch Capital Group (NASDAQ:ACGLN) Shares Cross Below Fifty Day Moving Average – Should You Sell?

Arch Capital Group Ltd. (NASDAQ:ACGLN)’s share price crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $15.22 and traded as low as $14.89. Arch Capital Group shares last traded at $15.06, with a volume of 85,727 shares.

Arch Capital Group Trading Down 2.7%

The company has a 50 day moving average price of $15.18 and a 200 day moving average price of $16.34.

Arch Capital Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be paid a $0.2844 dividend. This represents a $1.14 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Tuesday, December 15th.

Hedge Funds Weigh In On Arch Capital Group

An institutional investor recently raised its position in Arch Capital Group stock. GAMMA Investing LLC raised its position in Arch Capital Group Ltd. (NASDAQ:ACGLN) by 12,890.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,897 shares of the company’s stock after acquiring an additional 3,867 shares during the period. GAMMA Investing LLC’s holdings in Arch Capital Group were worth $64,000 at the end of the most recent reporting period.

Arch Capital Group Company Profile

Arch Capital Group Ltd. is a Bermuda-based insurance and reinsurance company founded in 1995. Through its operating businesses, the company provides specialty insurance, reinsurance and mortgage insurance to businesses, financial institutions and other customers. Arch’s insurance offerings include property and casualty coverage, such as professional liability, casualty and property insurance. Its reinsurance business assumes risks from other insurers across a range of lines, while its mortgage insurance business provides coverage that helps protect mortgage lenders against borrower defaults.