Arch Capital Group Ltd. (NASDAQ:ACGLN) CEO Maamoun Rajeh sells 12,237 shares


Arch Capital Group Ltd. (NASDAQ:ACGLN – Get Rating) CEO Maamoun Rajeh sold 12,237 shares of the company in a trade on Tuesday, June 7. The shares were sold at an average price of $47.06, for a total transaction of $575,873.22. Following completion of the transaction, the CEO now owns 412,990 shares of the company, valued at approximately $19,435,309.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this link.

ACGLN shares traded up $0.02 at midday on Tuesday, hitting $20.25. 48,057 shares of the company were traded, against an average volume of 73,063. Arch Capital Group Ltd. has a fifty-two week minimum of $17.96 and a fifty-two week maximum of $26.76. The company has a 50-day simple moving average of $19.28.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30. Shareholders of record on Thursday, September 15 will receive a dividend of $0.2844 per share. The ex-dividend date is Wednesday, September 14. This represents an annualized dividend of $1.14 and a dividend yield of 5.62%.

A hedge fund recently increased its stake in shares of Arch Capital Group. PNC Financial Services Group Inc. has increased its holdings of shares in Arch Capital Group Ltd. (NASDAQ:ACGLN – Get Rating) by 273.6% in the 1st quarter, according to its last Form 13F filed with the SEC. The company held 3,646 shares of the company after purchasing an additional 2,670 shares during the period. PNC Financial Services Group Inc.’s holdings in Arch Capital Group were worth $77,000 at the end of the last quarter.

About Arch Capital Group (Get an assessment)

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance and mortgage insurance products worldwide. The Company’s Insurance segment provides primary and excess liability insurance coverages; loss-sensitive primary casualty insurance programs; collateral protection, debt cancellation and service contract repayment products; directors’ and officers’ liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity and other financial coverage; professional medical and general liability insurance coverage; and workers’ compensation and general liability, as well as commercial automotive and inland marine products.

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