Arch Capital Group Stock Hits New 52-Week High (ACGL)

NEW YORK ( TheStreet) -- Arch Capital Group (Nasdaq: ACGL) hit a new 52-week high Thursday as it is currently trading at $38.62, above its previous 52-week high of $38.60 with 169,936 shares traded as of 11:49 a.m. ET. Average volume has been 616,900 shares over the past 30 days.

Arch Capital Group has a market cap of $5.08 billion and is part of the financial sector and insurance industry. Shares are up 2.2% 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 12.8, above the average insurance industry P/E ratio of 12.6 and below the S&P 500 P/E ratio of 17.7.

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 and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Arch Capital Group Ratings Report.

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