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

NEW YORK ( TheStreet) -- Arch Capital Group (Nasdaq: ACGL) hit a new 52-week high Monday as it is currently trading at $39.36, above its previous 52-week high of $39.35 with 72,486 shares traded as of 10:45 a.m. ET. Average volume has been 649,300 shares over the past 30 days.

Arch Capital Group has a market cap of $5.3 billion and is part of the financial sector and insurance industry.

Arch Capital Group Ltd., together with its subsidiaries, provides insurance and reinsurance products worldwide. It operates in two segments, Insurance and Reinsurance.

TheStreet Ratings rates Arch Capital Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Arch Capital Group Ratings Report.

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