AXIS Capital Rallies 38% YTD: Can the Stock Retain the Momentum?

Zacks08-28

Shares of AXIS Capital Holdings AXS have rallied 38.4% year to date, compared with the industry’s increase of 26.2%, the Finance sector’s rise of 13.4% and the Zacks S&P 500 composite’s rise of 18.2%....

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2462112498?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/Lqhs3JldXQ_cWhe9HKU8Lw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/1e99334d41996d0aac609d9cbd91fd88","is_english":true,"pubTime":"2024-08-28 01:00","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2462112498","market":"us","top_or_hot":-1,"title":"AXIS Capital Rallies 38% YTD: Can the Stock Retain the Momentum?","media":"Zacks","content":"<div>\n<p>Shares of AXIS Capital Holdings AXS have rallied 38.4% year to date, compared with the industry’s increase of 26.2%, the Finance sector’s rise of 13.4% and the Zacks S&P 500 composite’s rise of 18.2%....</p>\n\n<a href=\"https://finance.yahoo.com/news/axis-capital-rallies-38-ytd-170000704.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AXIS Capital Rallies 38% YTD: Can the Stock Retain the Momentum?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAXIS Capital Rallies 38% YTD: Can the Stock Retain the Momentum?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-28 01:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/axis-capital-rallies-38-ytd-170000704.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of AXIS Capital Holdings AXS have rallied 38.4% year to date, compared with the industry’s increase of 26.2%, the Finance sector’s rise of 13.4% and the Zacks S&P 500 composite’s rise of 18.2%....</p>\n\n<a href=\"https://finance.yahoo.com/news/axis-capital-rallies-38-ytd-170000704.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HRTG","symbol_name":"Heritage Insurance Holdings","start_time":0,"source_url":"https://finance.yahoo.com/news/axis-capital-rallies-38-ytd-170000704.html","article_id":"2462112498","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Lqhs3JldXQ_cWhe9HKU8Lw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/1e99334d41996d0aac609d9cbd91fd88"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2462112498","pubTimestamp":1724778000,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Shares of AXIS Capital Holdings AXS have rallied 38.4% year to date, compared with the industry’s increase of 26.2%, the Finance sector’s rise of 13.4% and the Zacks S&P 500 composite’s rise of 18.2%. With a market capitalization of $2.8 billion, the average volume of shares traded in the last three months was 0.5 million.A compelling and diversified product portfolio, underwriting excellence, digital capabilities and solid capital position continue to drive the Zacks Rank #1  specialty and global reinsurer. It has a VGM Score of A.All four analysts covering the stock raised estimates for the current and next year. The Zacks Consensus Estimate for Axis Capital’s 2024 and 2025 earnings has moved 6.9% and 5.1% north, respectively, in the past 30 days, reflecting analyst optimism.Axis Capital's dividend track is impressive. It hiked its dividend for 18 straight years and currently yields 2.3%, way above the in","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"HRTG":"Heritage Insurance Holdings","BK4231":"零售房地产信托","BK4107":"财产与意外伤害保险","AXS":"埃克斯资本","MCY":"默邱利通用","BK4080":"零售业房地产投资信托","PRA":"ProAssurance Corp","ROIC":"Retail Opportunity Investments C"},"translate_title":"AXIS Capital年初至今上涨38%：该股能否保持势头？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AXS":1,"HRTG":1,"PRA":1,"ROIC":1,"MCY":0.9},"content_text":"Shares of AXIS Capital Holdings AXS have rallied 38.4% year to date, compared with the industry’s increase of 26.2%, the Finance sector’s rise of 13.4% and the Zacks S&P 500 composite’s rise of 18.2%. With a market capitalization of $2.8 billion, the average volume of shares traded in the last three months was 0.5 million.A compelling and diversified product portfolio, underwriting excellence, digital capabilities and solid capital position continue to drive the Zacks Rank #1 (Strong Buy) specialty and global reinsurer. It has a VGM Score of A.\nAXS Outperforms Industry, Sector, S&P 500\nImage Source: Zacks Investment Research\nAXS Witnessing Northbound Estimate Revision\nAll four analysts covering the stock raised estimates for the current and next year. The Zacks Consensus Estimate for Axis Capital’s 2024 and 2025 earnings has moved 6.9% and 5.1% north, respectively, in the past 30 days, reflecting analyst optimism. \nFactors Acting in Favor of AXS\nAXIS Capital envisions being a leading specialty underwriter and thus focuses on growth areas, including wholesale insurance and lower middle markets. Its exit from the volatile catastrophe and property reinsurance space and reducing risk exposure while concentrating on accident and health, excess and supply property, casualty, credit and surety, and specialty reinsurance lines bodes well for growth. The Insurance segment is poised to benefit from a diversified portfolio of global specialty businesses, leadership positions and growth opportunities across major business lines. This segment has been doing well over the last several years. Net premiums written (NPW) have been growing and we expect the 2026 NPW to increase at a three-year CAGR of 7.6%.The Reinsurance business should benefit from strong cycle management, focusing on improving the business mix. We expect the 2026 NPW to increase at a three-year CAGR of 9.1%.AXIS Capital is also working with its distribution partners to use expanding digital capabilities to create new business growth in desirable smaller accounts. This, coupled with simplifying operating structure, delivering efficiencies and capitalizing on productivity gains, should help it achieve a general and administrative ratio of less than 11% by 2026.Strategic initiatives have been driving improvement in its operating earnings over the past few years. \nOptimistic Growth Projection for AXS\nThe Zacks Consensus Estimate for 2024 earnings is pegged at $10.70, indicating an increase of 8.6% on 7% higher revenues of $6.1 billion. The consensus estimate for 2025 earnings is pegged at $11.59, indicating an increase of 8.4% on 10% higher revenues of $6.7 billion.  The expected long-term earnings growth rate is pegged at 27.8%, better than the industry average of 11%. We expect 2026 EPS to witness a three-year CAGR of 9.4%.\nAxis Capital’s Impressive Dividend History\nAxis Capital's dividend track is impressive. It hiked its dividend for 18 straight years and currently yields 2.3%, way above the industry average of 0.3%. The insurer boasts one of the highest dividend yields among its peers. \nAXS’ Return on Capital\nAXS’ trailing 12-month return on equity is 19.7%, ahead of the industry average of 8%. Return on equity, a profitability measure, reflects how effectively a company is utilizing its shareholders. Also, the return on invested capital (ROIC) in the trailing 12 months was 11.1%, better than the industry average of 5.9%. Its ROIC has been increasing over the last few quarters amid capital investment made over the same time frame. This reflects the company’s efficiency in utilizing funds to generate income. \nAxis Capital Shares Are Undervalued \nAXS shares are trading at a price-to-book multiple of 1.3, lower than the industry average of 1.6.Its pricing at a discount to the industry average gives a better entry point to investors. Also, it has a Value Score of A. \nOther Stocks to Consider    \nSome other top-ranked stocks from the insurance industry are Heritage Insurance HRTG, Mercury General MCY and ProAssurance Corporation PRA, each sporting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.Heritage Insurance earnings surpassed estimates in three of the last four quarters and missed in one, the average beat being 49.15%. Year to date, HRTG has rallied 141.1%.The Zacks Consensus Estimate for HRTG’s 2024 and 2025 earnings implies 10.3% and 18.1% year-over-year growth, respectively. Mercury General's earnings surpassed estimates in each of the last four quarters, the average surprise being 3,539.06%. Year to date, MCY’s stock has surged 68.9%.The Zacks Consensus Estimate for MCY’s 2024 and 2025 earnings indicates 1,233.3% and 50% year-over-year growth, respectively. ProAssurance earnings surpassed estimates in two of the last four quarters and missed in the other two. Year to date, PRA’s stock has lost 1.1%.The Zacks Consensus Estimate for PRA’s 2024 and 2025 earnings suggests 457.1% and 49.2% year-over-year growth, respectively.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAxis Capital Holdings Limited (AXS) : Free Stock Analysis Report\nProAssurance Corporation (PRA) : Free Stock Analysis Report\nMercury General Corporation (MCY) : Free Stock Analysis Report\nHeritage Insurance Holdings, Inc. (HRTG) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2462112498"}