Shares of Arch Capital Group Ltd. (ACGL) Rise to a New 52-Week High

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) traded at a new 52-week high today of $49.15. Approximately 207,000 shares have changed hands today, 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.

Arch Capital Group Ltd. (NASDAQ:ACGL) is currently priced 33.8% above its average consensus analyst price target of $32.30.

In the past 52 weeks, Arch Capital Group Ltd. share prices are bracketed by a low of $34.16 and a high of $49.15 and is now at $48.78, 43% above that low price.

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