Arch Capital Seldom Looks Cheap, But Mortgage Insurance Should Spur Growth
Stephen Simpson, CFA • Tue, Mar. 18
- Arch Capital has shown uncommon agility in deploying capital to best effect.
- The company is making a strong effort to enter the mortgage insurance market, a market where improving housing and decreasing government involvement should support growth.
- A history of superior results has led to a valuation that doesn't offer tremendous near-term upside.