Core Viewpoint - AXIS Capital Holdings (AXS) is experiencing significant stock price appreciation driven by a strong product portfolio, underwriting excellence, and digital capabilities, with shares gaining 40.3% year-to-date, outperforming industry and sector averages [1][5]. Group 1: Stock Performance - AXS shares closed at $77.67, near a 52-week high of $80.50, and are trading well above the 50-day moving average, indicating a bullish trend [1][3]. - The stock has outperformed the industry increase of 26%, the Finance sector's rise of 13.2%, and the S&P 500 Composite's increase of 17.9% [1]. Group 2: Analyst Estimates - All four analysts covering AXS have raised their earnings estimates for 2024 and 2025, with the Zacks Consensus Estimate for 2024 earnings moving up by 6.7% and for 2025 by 5.3% [5]. - The consensus estimate for 2024 EPS is $10.71, reflecting an 8.7% increase on revenues of $6.1 billion, while the 2025 EPS estimate is $11.64, also indicating an 8.7% increase on revenues of $6.7 billion [8]. Group 3: Business Strategy and Growth - AXIS Capital is focusing on growth areas such as wholesale insurance and lower middle markets, which should enhance growth opportunities [6]. - The company has exited the volatile catastrophe and property reinsurance space, reducing risk exposure and safeguarding profits [6]. - Strategic initiatives have led to an 82.7% growth in earnings over the past five years, significantly outperforming the industry average of 10.5% [7]. Group 4: Financial Metrics - AXS has a trailing 12-month return on equity of 19.7%, surpassing the industry average of 8% [9]. - The return on invested capital (ROIC) for AXS is 11.65%, better than the industry average of 6.1%, indicating effective utilization of funds [11]. Group 5: Valuation and Dividend - AXS shares are trading at a price-to-book multiple of 1.28, lower than the industry average of 1.58, suggesting a better entry point for investors [13][15]. - The company has a strong dividend history, having increased dividends for 18 consecutive years, with a current yield of 2.3%, significantly above the industry average of 0.3% [16].

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, September 11:Qifu Technology, Inc. (QFIN) : This credit-tech platform provider has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 20.5% over the last 60 days.Qifu Technology's shares gained 23.1% over the last three months compared with the S&P 500’s advanced of 1.7%. The company possesses a Momentum Score of A.AXIS Capital Holdings Limited (AXS) : Thi ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, September 11:AXIS Capital Holdings Limited (AXS) : This company which provides a broad range of specialty insurance and reinsurance solutions has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.7% the last 60 days.This Zacks Rank #1 company has a dividend yield of 7.8%, compared with the industry average of 4.4%.Qifu Technology, Inc. (QFIN) : This credit-tech platform prov ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, September 11:Qifu Technology, Inc. (QFIN) : This credit-tech platform provider carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 20.5% over the last 60 days.Qifu Technology has a price-to-earnings ratio (P/E) of 5.03 compared with 63.00 for the industry. The company possesses a Value Score of A.AXIS Capital Holdings Limited (AXS) : This company ...

It is not easy to find value stocks. Being aware of a company's key financial numbers like earnings per share and sales growth can help investors identify stocks that are trading for less than their worth. However, a proper analysis of the fundamentals with the help of a number of metrics is required to determine whether a stock is a good bargain or not. Though price-to-earnings (P/E) and price-to-sales (P/S) valuation tools are more commonly used for stock selection, the price-to-book ratio (P/B ratio) is ...

Axis Capital (AXS) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual ...

Core Insights - Zacks Premium offers tools for investors to enhance their stock market engagement and confidence, including daily updates, research reports, and stock screens [1] Zacks Style Scores - Zacks Style Scores are indicators that assist investors in selecting stocks likely to outperform the market within 30 days, rated from A to F based on value, growth, and momentum characteristics [2] - The Value Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [2] - The Growth Score emphasizes a company's financial health and future growth potential, analyzing projected and historical earnings and cash flow [3] - The Momentum Score targets stocks with upward or downward trends, utilizing price changes and earnings estimate shifts to identify optimal buying times [3] - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors seeking attractive value, growth, and momentum [4] Zacks Rank and Style Scores Interaction - The Zacks Rank, based on earnings estimate revisions, has shown a strong performance with 1 (Strong Buy) stocks averaging a 25.41% annual return since 1988, significantly outperforming the S&P 500 [5] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B to maximize potential success [6] - Stocks with lower Zacks Ranks, even with high Style Scores, may still face downward price pressure due to negative earnings outlooks [6] Company Spotlight: Axis Capital - Axis Capital Holdings Limited, incorporated in 2002, is a Bermuda-based holding company with a strong Zacks Rank of 1 (Strong Buy) and a VGM Score of B [8] - The company has a Momentum Style Score of B, with shares increasing by 3.5% over the past four weeks, and has seen positive earnings estimate revisions [8] - The Zacks Consensus Estimate for Axis Capital's fiscal 2024 earnings has risen by $0.60 to $10.71 per share, with an impressive average earnings surprise of 94.6% [8]

Here are three stocks with buy rank and strong income characteristics for investors to consider today, September 9:Diversified Energy Company PLC (DEC) : This independent oil and gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 41.6% the last 60 days.This Zacks Rank #1 company has a dividend yield of 10.5%, compared with the industry average of 0.0%.AXIS Capital Holdings Limited (AXS) : This insurance company has witnessed the Zacks Consensus Estimate for its c ...

Group 1: AXIS Capital Holdings Limited (AXS) - AXIS Capital Holdings Limited is an insurance company with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 5.9% over the last 60 days [1] - The company has a price-to-earnings ratio (P/E) of 7.16, significantly lower than the industry average of 15.60 [1] - AXIS Capital possesses a Value Score of A [1] Group 2: G-III Apparel Group, Ltd. (GIII) - G-III Apparel Group is an apparel company with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 10.5% over the last 60 days [1] - The company has a price-to-earnings ratio (P/E) of 8.02, compared to the industry average of 16.40 [1] - G-III Apparel possesses a Value Score of B [1] Group 3: Mitsui & Co., Ltd. (MITSY) - Mitsui & Co., Ltd. is a trading and investment company with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 5.7% over the last 60 days [2] - The company has a price-to-earnings ratio (P/E) of 9.69, lower than the industry average of 20.30 [2] - Mitsui & Co. possesses a Value Score of A [2]

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...