Shares of ACGL traded higher by 0.71% or $0.24/share to $34.03. Arch Capital Group Ltd. is trading at a price to book ratio of 0.37. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 2.05. The price to sales ratio came in at 0.47. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 341003 shares of ACGL exchange hands on a given day and today's volume is recorded at 87378. These factors combined make this company a prime takeover candidate. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.
Arch Capital Group Ltd. (ACGL) writes insurance and reinsurance on a worldwide basis.
