Arch Capital Group Ltd. (NASDAQ:ACGL) is deemed extremely cheap on paper. Wells Fargo reaffirmed its Overweight rating on ACGL and raised its price target to $110, indicating a 22% upside. Despite mixed analyst calls, the bullish tone reflects confidence in Arch’s prospects compared to sector peers.

Recent price action on ACGL shows investor interest, with a 2.5% drop on July 9 followed by a 3.1% bounce on July 14. Outperforming peers like Everest and W.R. Berkley, the surge in trading volume suggests heightened attention on the stock.

Arch Capital Group Ltd. operates globally, underwriting specialty risks in property, casualty, reinsurance, and mortgage insurance. With revenue in the tens of billions and over 7,200 employees, the Bermuda-based company has a strong presence across 60 offices worldwide.

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Read more at Yahoo Finance: Reaffirms Overweight on ACGL With $110 Target Amid Mixed Analyst Calls