Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) traded today at $43.03, eclipsing its 52-week high. Approximately 105,000 shares have changed hands today, as compared to an average 30-day volume of 2.2 million shares.
Arch Capital Group Ltd. (NASDAQ:ACGL) defies analysts with a current price ($42.91) 33.3% above its average consensus price target of $28.64.
Over the past year, Arch Capital Group Ltd. has traded in a range of $28.55 to $43.03 and is now at $42.91, 50% above that low.
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.
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