RBC Capital raised the firm’s price target on Arch Capital to $112 from $108. The company turned in another high profitable underwriting results with its mortgage insurance unit again generating impressive returns, the analyst tells investors in a research note. While the premium growth wasn’t as robust as recent quarters, the company is still finding opportunities in core areas, the firm added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ACGL: