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Arch Capital (ACGL) Surges 23% YTD: More Room for Growth?
ACGLArch Capital .(ACGL) Zacks Investment Research·2024-03-13 19:11

Arch Capital Group Ltd.’s (ACGL) shares have rallied 22.5% year to date, outperforming the industry’s growth of 14.1%, the Finance sector’s rise of 2.9% and the Zacks S&P 500 composite’s increase of 8%. With a market capitalization of $34 billion, the average volume of shares traded in the last three months was 1.7 million.Business opportunities, rate increases, growth in existing accounts and a solid capital position continue to drive Arch Capital. This Zacks Rank #3 (Hold) insurer has a decent history of ...