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NEW YORK ( TheStreet) -- Arch Capital Group (Nasdaq: ACGL) hit a new 52-week high Wednesday as it is currently trading at $38, above its previous 52-week high of $37.99 with 39,941 shares traded as of 9:49 a.m. ET. Average volume has been 809,800 shares over the past 30 days. Arch Capital Group has a market cap of $4.94 billion and is part of the financial sector and insurance industry. Shares are up 0.1% year to date as of the close of trading on Tuesday. 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 10.7, above the average insurance industry P/E ratio of 10.5 and below the S&P 500 P/E ratio of 17.7.