NEW YORK (

TheStreet

) --

Arch Capital Group

(Nasdaq:

ACGL

) hit a new 52-week high Thursday as it traded at $99.55 compared with its previous 52-Week high of $98.18. Arch Capital Group is changing hands at $98.91 with 195,420 shares traded as of 2:14 p.m. ET. Average volume has been 352,200 shares over the past 30 days.

Arch Capital Group has a market cap of $4.2 billion and is part of the

financial

sector and

insurance

industry. Shares are up 6.3% year to date as of the close of trading on Wednesday.

Arch Capital Group Ltd., together with its subsidiaries, provides insurance and reinsurance products worldwide. It operates in two segments, Insurance and Reinsurance. The company has a P/E ratio of 4.8, below the average insurance industry P/E ratio of 6.1 and below the S&P 500 P/E ratio of 16.2.

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TheStreet Ratings rates Arch Capital Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Arch Capital Group Ratings Report

.

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