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Invest in These 4 Stocks With Amazing Interest Coverage Ratios Now
ZACKS· 2024-09-23 12:35
An ill-informed investor can lose cash if he wagers on a stock only based on the numbers flashing on a real-time stock screen. A critical analysis of a company’s financial background is a must for a better investment decision, especially at a time when the stock market is juggling myriad issues. Often, investors evaluate a company’s performance by simply looking at its sales and earnings, which sometimes do not reveal the real picture. To be more precise, they do not tell whether a company’s fundamentals ar ...
Best Value Stocks to Buy for September 23rd
ZACKS· 2024-09-23 10:11
Here are three stocks with buy rank and strong value characteristics for investors to consider today, September 23rd:AXIS Capital Holdings Limited (AXS) : This company which offers insurance covers for property, workers compensation, professional liability, casualty, and marine and aviation carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days.Axis Capital has a price-to-earnings ratio (P/E) of 7.28, compared with 15.70 for ...
The Zacks Analyst Blog Cincinnati Financial, W. R. Berkley and AXIS Capital
ZACKS· 2024-09-20 14:01
For Immediate ReleasesChicago, IL – September 20 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Cincinnati Financial Corp. (CINF) , W. R. Berkley Corp. (WRB) and AXIS Capital Holdings Ltd. (AXS) .Here are highlights from Friday’s Analyst Blog:  3 P&C Insurance Stocks to Add to Your Portfolio Despite Fed Rate Cut ...
Is Axis Capital Holdings (AXS) a Great Value Stock Right Now?
ZACKS· 2024-09-18 14:46
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.In addition to the Zacks Rank ...
Best Momentum Stock to Buy for September 17th
ZACKS· 2024-09-17 15:00
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, September 17th:The Progressive (PGR) : This company which is a leading independent agency writer of private passenger auto coverage, and the market share leader for the motorcycle products since 1998, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.8% over the last 60 days.The Progressive’s shares gained 23.2% over the last three mont ...
Best Value Stocks to Buy for September 17th
ZACKS· 2024-09-17 12:36
Group 1 - China Coal Energy (CCOZY) has a Zacks Rank of 1 (Strong Buy) and a price-to-earnings ratio (P/E) of 5.24, significantly lower than the industry average of 8.20 [1] - The Zacks Consensus Estimate for China Coal Energy's current year earnings has increased by 3.6% over the last 60 days [1] - Axis Capital Holdings (AXS) also holds a Zacks Rank of 1 and has a P/E of 7.43, compared to the industry average of 15.70 [2] - The Zacks Consensus Estimate for Axis Capital Holdings' current year earnings has risen by 6.7% over the last 60 days [2] - KT (KT) carries a Zacks Rank of 1 and has a P/E of 8.44, lower than the industry average of 12.10 [2] - The Zacks Consensus Estimate for KT's current year earnings has increased by 3.9% over the last 60 days [2]
New Strong Buy Stocks for September 17th
ZACKS· 2024-09-17 11:16
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:DXP Enterprises (DXPE) : This company which is a leading products and service distributor that adds value and total cost savings solutions to industrial customers throughout the United States, Canada, Mexico and Dubai, has seen the Zacks Consensus Estimate for its current year earnings increasing 12.7% over the last 60 days.The Progressive (PGR) : This company which is a leading independent agency writer of private passenger auto covera ...
AXS Stock Near 52-Week High: Should You Buy or Wait for a Pullback?
ZACKS· 2024-09-16 18:06
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].
Best Momentum Stocks to Buy for September 11th
ZACKS· 2024-09-11 15:15
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 ...
Best Income Stocks to Buy for September 11th
ZACKS· 2024-09-11 10:56
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 ...