AXIS Capital Holdings Limited (AXS) posted fourth-quarter 2023 operating income of $2.94 per share, in contrast to the Zacks Consensus Estimate of a loss of $1.25. The bottom line increased 50.8% year over year.The insurer’s results reflected higher premiums written, net investment income and increased underwriting income.Quarterly Operational Update Total operating revenues of $1.5 billion beat the Zacks Consensus Estimate by 2.7%. The top line however declined 2.1% year over year on lower premiums earned. ...

Axis Capital (AXS) reported $1.46 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 2.2%. EPS of $2.94 for the same period compares to $1.95 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.42 billion, representing a surprise of +2.67%. The company delivered an EPS surprise of +335.20%, with the consensus EPS estimate being -$1.25.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

PEMBROKE, Bermuda--(BUSINESS WIRE)--AXIS Capital Holdings Limited ("AXIS Capital" or "AXIS" or "the Company") (NYSE: AXS) today announced financial results for the fourth quarter ended December 31, 2023. Commenting on the fourth quarter 2023 financial results, Vince Tizzio, President and CEO of AXIS Capital, said: "This was a transformative year for AXIS, one where we further elevated all aspects of how we operate and go to market, and we believe the Company is on a clear path to becoming a specialty unde ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth S ...

Axis Capital (AXS) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changing ea ...

Investors interested in Insurance - Property and Casualty stocks are likely familiar with Axis Capital (AXS) and Berkshire Hathaway B (BRK.B) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings est ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they ...

Axis Capital (AXS) shares soared 6.4% in the last trading session to close at $58.48. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 0.8% gain over the past four weeks.The insurer announced preliminary financial results for the year ended Dec 31, 2023 where it continues to generate premium growth with double-digit increases across the vast majority of the specialty insurance lines, and further improved and streamlined the operat ...

AXIS Capital Holdings Limited (AXS) unveiled preliminary financial results for the year ended Dec 31, 2023. The insurer has also revealed the conclusion of the review of prior-year reserves that was declared earlier.This Zacks Rank #3 (Hold) insurer expects to report net income available to shareholders of $346 million, or $4.02 per diluted common share, and operating income of $486 million, or $5.65 per diluted common share, for the year ended Dec 31, 2023.For the year ended Dec 31, 2023, AXIS Capital proj ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Axis Capital (AXS) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on January 31. ...