Rebrands time-tested KLDW ETF, continuing its distinctive equity strategy based on Steve Vannelli's "Knowledge Effect"NEW YORK, July 22, 2024 /PRNewswire/ -- AXS Investments, provider of ETFs and mutual funds for growth, income and diversification, today launched the AXS Knowledge Leaders ETF (KNO) to offer a time-tested, geographically diverse path to invest in the stocks of innovative companies.The AXS Knowledge Leaders ETF (KNO) is an actively managed ETF that seeks long-term capital appreciation by inve ...

Shares of AXIS Capital Holdings Limited (AXS) have rallied 30.4% year to date, compared with the industry’s increase of 21%, the Finance sector’s rise of 11.4% and the Zacks S&P 500 composite’s rise of 15%. A compelling and diversified product portfolio, underwriting excellence, digital capabilities and solid capital position continue to drive this Zacks Rank #2 (Buy) specialty and global reinsurer. AXS, aiming for leadership in specialty risks, has a VGM Score of B. This helps to identify stocks with the m ...

Investors interested in Insurance - Property and Casualty stocks are likely familiar with Axis Capital (AXS) and Cincinnati Financial (CINF) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphasizes comp ...

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 ...

Core Viewpoint - AXIS Capital Holdings Limited reported a strong first-quarter 2024 performance with operating income per share of $2.57, exceeding estimates and showing a year-over-year increase of 10.3% [1] Financial Performance - Total operating revenues reached $1.4 billion, missing estimates by 2.8% but increasing 5% year over year due to higher net premiums earned and net investment income [2] - Net investment income surged 25% year over year to $167 million, driven by increased yields from the fixed maturities portfolio [2] - Total expenses rose 0.7% year over year to $1.15 billion, influenced by higher net losses and acquisition costs [2] - Pre-tax catastrophe losses were $20 million, a significant improvement from $38 million in the previous year [2] Underwriting Results - Underwriting income was $145.6 million, up 4.5% year over year, with a combined ratio of 91.1, deteriorating by 20 basis points [3] - In the insurance segment, gross premiums written improved 11.2% year over year to $1.5 billion, while net premiums earned increased 12.4% to $917.9 million [4] - Underwriting income in the insurance segment climbed 19% year over year to $122.9 million, with a combined ratio improving to 86.6 [4] - In the reinsurance segment, gross premiums written rose 11.8% year over year to $1 billion, although net premiums earned declined 17.8% to $340 million [5] Financial Position - Cash and cash equivalents at the end of the quarter were $1.14 billion, a 20% increase from the end of 2023 [6] - Total debts stood at $1.3 billion, a slight increase of 0.02% from the previous year [6] - Book value per share grew 5.7% from the end of 2023 to $57.13, supported by net income [6] Capital Management - AXIS Capital had $38 million remaining under its share repurchase program as of March 31, 2024 [8] Return Metrics - The annualized return on average common equity was 32.1% in the first quarter, an increase of 1,590 basis points year over year [7]