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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.