Arch Capital Group Stock Hits New 52-Week High (ACGL)
Arch Capital Group (Nasdaq:ACGL) hit a new 52-week high Tuesday as it is currently trading at $50.85, above its previous 52-week high of $50.83 with 111,654 shares traded as of 3:29 p.m. ET. Average volume has been 657,900 shares over the past 30 days.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Arch Capital Group (Nasdaq: ACGL) hit a new 52-week high Tuesday as it is currently trading at $50.85, above its previous 52-week high of $50.83 with 111,654 shares traded as of 3:29 p.m. ET. Average volume has been 657,900 shares over the past 30 days. Arch Capital Group has a market cap of $6.73 billion and is part of the financial sector and insurance industry. Shares are up 15.4% year to date as of the close of trading on Monday. 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 12.6, 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable 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. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.