One reinsurance player that insiders are loading up on here is AXIS Capital (AXS), which provides a range of insurance and reinsurance products to insured's and reinsured worldwide operations with main locations in Bermuda, the U.S. and Europe. Insiders are buying this stock into decent strength, since shares are up 25% so far in 2013.
AXIS Capital has a market cap of $4.9 billion and an enterprise value of $5.2 billion. This stock trades at a cheap valuation, with a trailing price-to-earnings of 8.94 and a forward price-to-earnings of 9.27. Its estimated growth rate for this year is 31.1%, and for next year it's pegged at 4.5%. This barely a cash-rich company, since the total cash position on its balance sheet is $1.06 billion and its total debt is $995.55 million. This stock currently sports a dividend yield of 2.4%.
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