Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) traded at a new 52-week high today of $47.76. This new high was reached on below average trading volume as 207,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.
In the past 52 weeks, Arch Capital Group Ltd. share prices are bracketed by a low of $31.28 and a high of $47.76 and is now at $47.51, 52% above that low price.
Based on a current price of $47.51, Arch Capital Group Ltd. is currently 33.4% above its average consensus analyst price target of $31.64.
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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