A statement released earlier today by Zacks Investment Research about Arch Capital Group Ltd. (NASDAQ:ACGL) bumps the target price to $90.00
- Updated: October 17, 2016
Having a price of $79.94, Arch Capital Group Ltd. (NASDAQ:ACGL) traded 0.03% higher on the day. With the last close up 8.03% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Arch Capital Group Ltd. has recorded a 50-day average of $80.18 and a two hundred day average of $74.00. Volume of trade was down over the average, with 321,332 shares of ACGL changing hands under the typical 382,149
Stating a potential upside of 0.13%, Zacks Investment Research upped the price target of Arch Capital Group Ltd. (NASDAQ:ACGL) to $90.00
With a total market value of $0, Arch Capital Group Ltd. has price-earnings ratio of 20.67 with a one year low of $59.83 and a one year high of $85.16 .
More About Arch Capital Group Ltd. (NASDAQ:ACGL)
Arch Capital Group Ltd. writes insurance and reinsurance on worldwide basis. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The Company's insurance, reinsurance and mortgage segments are underwriting segments. The insurance segment's product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other, which includes alternative market risks and excess workers' compensation. The reinsurance segment's product lines include casualty; marine and aviation; other specialty; property catastrophe; property excluding property catastrophe, and other, which includes life reinsurance and casualty clash businesses. The mortgage segment includes the results of Arch Mortgage Insurance Company (Arch MI U.S.) and Arch Mortgage Insurance Designated Activity Company (Arch MI Europe).
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