AXIS Capital(AXS)

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Best Momentum Stock to Buy for August 19th
ZACKS· 2024-08-19 15:01
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, August 19th:UCB (UCBJF) : This biopharmaceutical and specialty chemical company that specializes in providing therapy for central nervous system disorders, including epilepsy, diabetic neuropathic pain, sclerosis and Parkinson's disease, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.9% over the last 60 days.UCB’s shares gained 25.5% ...
Best Value Stocks to Buy for August 19th
ZACKS· 2024-08-19 13:15
Here are three stocks with buy rank and strong value characteristics for investors to consider today, August 19th: Axis Capital Holdings (AXS) : This company which provides a broad range of specialty insurance and reinsurance solutions to its clients on a worldwide basis, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.5% over the last 60 days.Axis Capital Holdings' has a price-to-earnings ratio (P/E) of 7.03 compared with 15.20 ...
New Strong Buy Stocks for August 19th
ZACKS· 2024-08-19 10:41
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Seagate Technology (STX) : This company which is leading provider of data storage technology and infrastructure solutions, has seen the Zacks Consensus Estimate for its current year earnings increasing 30.2% over the last 60 day.Sterling Infrastructure, Inc. (STRL) : This company which operates through subsidiaries within segments specializing in E-Infrastructure, Building and Transportation Solutions principally in the United States, h ...
Are You Looking for a Top Momentum Pick? Why Axis Capital (AXS) is a Great Choice
ZACKS· 2024-08-16 17:00
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 ...
AXS vs. SIGI: Which Stock Is the Better Value Option?
ZACKS· 2024-08-15 16:41
Investors with an interest in Insurance - Property and Casualty stocks have likely encountered both Axis Capital (AXS) and Selective Insurance (SIGI) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Styl ...
AXIS Capital: Successful Transition To Less Risky Business Model
Seeking Alpha· 2024-08-15 16:00
Core Viewpoint - AXIS Capital Holdings Limited (NYSE: AXS) has shown strong performance since being rated a buyback in May 2023, outperforming the broader market and leading the reinsurance sector in 2024 [1][3]. Financial Performance - The stock price increased from approximately $56 in May 2023 to around $74, indicating significant growth [4]. - For the first half of 2024, AXS reported a net income of $592 million, or $6.93 per diluted share, and an operating income of $470 million, or $5.50 per diluted share [7]. - The annualized return on average common equity (ROACE) was 24.1%, with an operating ROACE of 19.1% [7]. - The combined ratio improved to 90.8%, reflecting better underwriting performance [7]. Business Strategy - AXS is transitioning away from property and catastrophe reinsurance segments, focusing on specialty business growth, which has led to over 5% year-over-year revenue growth [5][4]. - The company aims for consistency in earnings by reducing exposure to volatile non-specialty services [4]. Market Position - AXS's stock trades at under 7 times earnings, suggesting it is not overly expensive given its performance metrics [11]. - The company has successfully rebalanced its portfolio, reducing probable maximum losses and improving underwriting performance [10][11]. Investment Outlook - Despite strong performance, the company is facing challenges such as high variability in earnings and potential peaks in insurance premiums [8][18]. - The current market conditions suggest that while AXS has performed well, it may not be the best entry point for new investments, leading to a rating change to "Hold" [19][20].
Best Momentum Stocks to Buy for August 15th
ZACKS· 2024-08-15 15:01
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, August 15th:Latham Group, Inc. (SWIM) : This maker of residential swimming pools has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 150% over the last 60 days.Latham’s shares gained 44.1% over the last three months compared with the S&P 500’s advance of 2.9%. The company possesses a Momentum Score of B.Nomura Research Institute, Ltd. (NRILY) : This co ...
Is Axis Capital Holdings (AXS) Stock Outpacing Its Finance Peers This Year?
ZACKS· 2024-08-15 14:47
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Axis Capital (AXS) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Axis Capital is a member of our Finance group, which includes 860 different companies and currently sits at #1 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual st ...
New Strong Buy Stocks for August 15th
ZACKS· 2024-08-15 12:15
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:NexPoint Real Estate Finance, Inc. (NREF) : This real estate finance company has seen the Zacks Consensus Estimate for its current year earnings increasing 7.8% over the last 60 days.Latham Group, Inc. (SWIM) : This maker of residential swimming pools has seen the Zacks Consensus Estimate for its current year earnings increasing 150% over the last 60 days.Nomura Research Institute, Ltd. (NRILY) : This company that provides IT solutions ...
Best Income Stocks to Buy for August 15th
ZACKS· 2024-08-15 09:11
Here are three stocks with buy rank and strong income characteristics for investors to consider today, August 15th:NexPoint Real Estate Finance, Inc. (NREF) : This real estate finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.8% over the last 60 days.This Zacks Rank #1 company has a dividend yield of 13.9%, compared with the industry average of 12%.Monarch Casino & Resort, Inc. (MCRI) : This casino operator has a Zacks Rank #1 and witnessed the Zacks Conse ...