AXIS Capital Holdings Limited (AXS) is poised to gain from its compelling and diversified product portfolio, underwriting excellence, digital capabilities and solid capital position. These, along with solid growth projections, make the stock worth retaining.This leading specialty insurer and global reinsurer, carrying a Zacks rank #3 (Hold), aiming for leadership in specialty risks, has a VGM Score of B. This helps to identify stocks with the most attractive value, growth and momentum.An OutperformerShares ...

Increased exposure, higher retention, streamlined operations, better pricing, solid underwriting and a strong capital position have helped the Zacks Property and Casualty Insurance industry perform well. The industry has gained 15.1% year to date, outperforming the Zacks S&P 500 composite’s rise of 12.6% and the Finance sector’s increase of 4.4%.  Per Fitch Ratings, an improved performance at personal auto, coupled with better investment results and lower claims, should fuel insurers' performance this year. ...

An effective and prudent way to increase shareholders' wealth is by buying back shares. Companies often use funds to buy back shares from the open market to lower the number of outstanding shares. This helps boost the bottom line, in turn enabling the distribution of more profits to shareholders.Here we focus on three insurers — Axis Capital Holdings Limited (AXS) , Radian Group (RDN) and RenaissanceRe Holdings Limited (RNR) — whose board of directors recently approved new share buyback programs, banking on ...

The board of directors of AXIS Capital Holdings Limited (AXS) authorized a share buyback program to return more value to investors. The latest authorization will allow the company to spend up to $300 million to repurchase its common stock.The new program is in addition to the previously approved $100 million share repurchase program. After buying back $76 million worth of shares in the first quarter of 2024 and another $2 million worth in April, the insurer had $36 million remaining under its previous autho ...

Shares of AXIS Capital Holdings Limited (AXS) have rallied 26.7% year to date, compared with the industry’s increase of 15.5%, the Finance sector’s rise of 5.8% and the Zacks S&P 500 composite’s gain of 11.5%. With a market capitalization of $5.9 billion, the average volume of shares traded in the last three months was 0.6 million.A compelling and diversified product portfolio, underwriting excellence, digital capabilities and a solid capital position continue to drive this Zacks Rank #3 (Hold) insurer. Axi ...

AXIS Capital Holdings Limited (NYSE:AXS) Q1 2024 Results Conference Call May 2, 2024 9:30 AM ET Company Participants Cliff Gallant - Investor Relations Vince Tizzio - President and CEO Peter Vogt - CFO Conference Call Participants Dean Criscitiello - KBW Josh Shanker - Bank of America Elyse Greenspan - Wells Fargo Operator Good morning, and welcome to the First Quarter 2024 AXIS Capital Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions]. After today’s presentat ...

AXIS Capital Holdings Limited (AXS) posted first-quarter 2024 operating income of $2.57 per share, beating the Zacks Consensus Estimate by 1.2%. The bottom line increased 10.3% year over year.The insurer’s results reflected higher premiums earned, lower catastrophe losses, improved income from the fixed maturities portfolio and a rise in underwriting income.Quarterly Operational Update   Total operating revenues of $1.4 billion missed the Zacks Consensus Estimate by 2.8%. The top line, however, rose 5% year ...

For the quarter ended March 2024, Axis Capital (AXS) reported revenue of $1.43 billion, up 5.1% over the same period last year. EPS came in at $2.57, compared to $2.33 in the year-ago quarter.The reported revenue represents a surprise of -2.85% over the Zacks Consensus Estimate of $1.48 billion. With the consensus EPS estimate being $2.54, the EPS surprise was +1.18%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expect ...

Axis Capital (AXS) came out with quarterly earnings of $2.57 per share, beating the Zacks Consensus Estimate of $2.54 per share. This compares to earnings of $2.33 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.18%. A quarter ago, it was expected that this insurance company would post a loss of $1.25 per share when it actually produced earnings of $2.94, delivering a surprise of 335.20%.Over the last four quarters, the comp ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-31721 AXIS CAPITAL HOLDINGS LIMITED (Exact name of registrant as specified in its charter) Bermuda (State or other jurisdiction of incorporation or organiz ...