Stock of the Day

September 28, 2022

Axis Capital (AXS)

$97.94
-$0.12 (-0.1%)
Market Cap: $7.16B

About Axis Capital

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products in Bermuda, the United States, and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers professional insurance products that cover directors' and officers' liability, errors and omissions, employment practices, fiduciary, crime, professional indemnity, medical malpractice, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers; and property insurance products for commercial buildings, residential premises, construction projects, property in transit, onshore renewable energy installations, and physical damage and business interruption following an act of terrorism. This segment also provides marine and aviation insurance services for offshore energy, renewable offshore energy, cargo, liability, including kidnap and ransom, fine art, specie, and hull war, hull and liability, and specific war coverage for passenger airlines, cargo operations, general aviation operations, airports, aviation authorities, security firms, and product manufacturers; personal accident, travel insurance, specialty health products for employer and affinity groups, and pet insurance products; and liability, cyber, and credit and political risk insurance services. The Reinsurance segment offers agriculture, marine and aviation, catastrophe, accidental and health, credit and surety, motor, professional, travel, life, engineering, property, and liability reinsurance products. AXIS Capital Holdings Limited was founded in 2001 and is headquartered in Pembroke, Bermuda.

Today's Trend

Axis Capital Holdings Limited (NYSE:AXS) is under modest pressure as investors weigh mixed analyst commentary. Positive ratings and a bullish price target provide support, but Zacks’ cautious earnings outlook and a bearish opinion piece may be limiting sentiment.

  • RBC maintains a $130 price target for Axis Capital, implying substantial upside from recent trading levels and signaling confidence in the insurer’s valuation and outlook. RBC keeps USD 130.00 target for AXIS Capital stock
  • Wells Fargo initiated or reiterated a Buy rating on AXS, adding to the constructive analyst support for the shares. Axis Capital gets a Buy from Wells Fargo
  • Zacks Research made only minor changes to its earnings forecasts. Its Q4 2026 EPS estimate increased to $3.44 from $3.43, while estimates for Q3 2027, Q4 2027, Q2 2028 and Q3 2028 were adjusted by only a few cents in both directions. Zacks retains a Hold rating, suggesting limited near-term conviction. Zacks Research has weak outlook for Axis Capital Q1 earnings
  • Zacks has a weak outlook for Axis Capital’s upcoming first-quarter earnings, which could raise concerns about near-term underwriting results and earnings momentum. The caution comes after the company’s latest reported quarter missed consensus EPS expectations despite revenue growth. Zacks Research has weak outlook for Axis Capital Q1 earnings
  • A separate investment article lists three reasons to avoid AXS and recommends another stock instead, reinforcing the bearish narrative among some investors. 3 Reasons to Avoid AXS and 1 Stock to Buy Instead
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