NEW YORK ( TheStreet) -- Arch Capital Group (Nasdaq: ACGL) hit a new 52-week high Friday as it is currently trading at $35.30, above its previous 52-week high of $35.20 with 83,743 shares traded as of 10:09 a.m. ET. Average volume has been 921,700 shares over the past 30 days.

Arch Capital Group has a market cap of $4.5 billion and is part of the financial sector and insurance industry. Shares are up 16% year to date as of the close of trading on Thursday.

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 10.5, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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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 largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and solid stock price performance. 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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