Arch Capital Group (NASDAQ:ACGLN) Shares Down 1.3% – What’s Next?

Arch Capital Group Ltd. (NASDAQ:ACGLN) shares traded down 1.3% during mid-day trading on Monday. The company traded as low as $15.02 and last traded at $15.07. 81,970 shares traded hands during trading, an increase of 71% from the average session volume of 47,946 shares. The stock had previously closed at $15.27.

Arch Capital Group Trading Down 1.9%

The stock has a fifty day simple moving average of $15.79 and a two-hundred day simple moving average of $16.29.

Institutional Trading of Arch Capital Group

A hedge fund recently raised its position in Arch Capital Group stock. GAMMA Investing LLC grew its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGLN) by 12,890.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,897 shares of the company’s stock after purchasing 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 quarter.

Arch Capital Group Company Profile

Arch Capital Group Ltd. is a Bermuda-based insurance and reinsurance company that provides specialty risk solutions to businesses, institutions and individuals worldwide. The company operates through three primary segments: insurance, reinsurance and mortgage insurance.

Through its insurance operations, Arch offers property, casualty and specialty coverage, including professional liability, marine, aviation, construction, energy and other commercial lines. Its reinsurance business provides coverage to insurance companies across property, casualty, specialty and other risk categories.