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TheStreet Wire

Axis Reaches New 52-Week High (AXS)

By TheStreet Wire 05/11/12 - 09:40 AM EDT

Find out if (AXS) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Axis Capital Holdings (NYSE:AXS) hit a new 52-week high Friday as it is currently trading at $34.92, above its previous 52-week high of $34.88 with 99,680 shares traded as of 10:15 a.m. ET. Average volume has been 874,800 shares over the past 30 days.

Axis has a market cap of $4.45 billion and is part of the financial sector and insurance industry. Shares are up 8.4% year to date as of the close of trading on Thursday.

AXIS Capital Holdings Limited, through its subsidiaries, provides various insurance and reinsurance products to insureds and reinsureds worldwide. The company operates in two segments, Insurance and Reinsurance. The company has a P/E ratio of 7.8, below the average insurance industry P/E ratio of 8.5 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Axis as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, attractive valuation levels and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Axis Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

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