Watch for Continued Gains in Shares of Arch Capital Group Ltd. (ACGL)

Arch Capital Group Ltd. (NASDAQ:ACGL) traded today at a new 52-week high of $48.64. 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. share prices have moved between a 52-week high of $48.64 and a 52-week low of $33.20 and are now trading 46% above that low price at $48.49 per share.

Based on a current price of $48.49, Arch Capital Group Ltd. is currently 33.4% above its average consensus analyst price target of $32.30.

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