** Shares of insurer Arch Capital Group up 2.8% at $93.84
** Co posted a first-quarter profit on Monday after market, that rose 57.4% driven by strong underwriting and higher investment income
** ACGL's net premiums written rose 19.3% to $4.09 billion in the quarter
** Net investment income jumped to $327 million, from $199 million a year earlier
** Net income available to Arch common shareholders rose to $1.11 billion, or $2.92 per share, in the three months ended March 31, from $705 million, or $1.87 per share, a year earlier
** At least three brokerages have raised their price target $(PT)$ on ACGL, post results
** Including session's move, ACGL shares up ~26% YTD
Brokerage New PT Old PT
Deutsche Bank $110 $103
Evercore ISI $100 $98
JP Morgan $96 $92
(Reporting by Pritam Biswas in Bengaluru)
((Pritam.Biswas@thomsonreuters.com))
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