Arch Capital Group Ltd. (NASDAQ:ACGL) traded today at a new 52-week high of $48.20. So far today approximately 207,000 shares have been exchanged, as compared to an average 30-day volume of 1.5 million shares.
Arch Capital Group Ltd is a Bermuda company which writes insurance and reinsurance with operations in Bermuda, the United States, Canada, Europe, Australia and South Africa. The business operates through three segments: insurance, reinsurance, and mortgage. The insurance segment provides specialty risk solutions to clients worldwide across a variety of industries. The reinsurance segment provides reinsurance services which cover property catastrophe, property, liability, marine, aviation and space, trade credit and surety, agriculture, accident, life and health, and political risk. The mortgage business provides risk management and risk financing products to the mortgage insurance sectors through platforms in the U.S., Europe and Bermuda.
In the past 52 weeks, shares of Arch Capital Group Ltd. have traded between a low of $32.26 and a high of $48.20 and is now at $48.10, which is 49% above that low price.
Arch Capital Group Ltd. (NASDAQ:ACGL) defies analysts with a current price ($48.10) 34.2% above its average consensus price target of $31.64.
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