5 Stocks Negatively Impacted By The LA Wildfires

3. Arch Capital Group Ltd.(NASDAQ:ACGL)

Arch Capital Group Ltd., is an insurance, mortgage insurance, and reinsurance provider operating worldwide. It is a specialty insurance and reinsurance company with a current market value of $35 billion. Recently ACGL’s stock price dropped due to the ongoing Los Angeles wildfires.

Analyst Jimmy Bhular stated in a note that most insured losses will be borne by homeowners’ coverage and fewer will be borne by commercial. Since the company engages mainly in the commercial sector, it might be a manageable loss for the company. The stock has ended green on both trading days this week.

Keeping in mind the company’s strong growth history in the industry, the recent price decline can be taken as an opportunity to start building a position in the stock for post-crisis gains. `