Axis Capital Holdings Ltd (AXS): Today's Featured Insurance Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Insurance industry lower today making it today's featured Insurance laggard. The industry as a whole closed the day up 0.9%. By the end of trading, Axis Capital Holdings fell $0.91 (-1.9%) to $47.03 on average volume. Throughout the day, 1,300,387 shares of Axis Capital Holdings exchanged hands as compared to its average daily volume of 916,100 shares. The stock ranged in price between $46.71-$48.30 after having opened the day at $47.81 as compared to the previous trading day's close of $47.94. Other companies within the Insurance industry that declined today were:
(
), down 5.1% and
Platinum Underwriters Holdings
(
), down 1.5%.
AXIS Capital Holdings Limited provides specialty lines insurance and treaty reinsurance products worldwide. It operates in two segments, Insurance and Reinsurance. Axis Capital Holdings has a market cap of $5.7 billion and is part of the financial sector. Shares are up 38.4% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Axis Capital Holdings a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Axis Capital Holdings
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, compelling growth in net income, notable return on equity and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full Axis Capital Holdings Ratings Report.
On the positive front,
(
), up 5.2%,
(
), up 4.0%,
(
), up 3.6% and
(
), up 3.6% , were all gainers within the insurance industry with
(
) being today's featured insurance industry leader.
- Use our insurance section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the insurance industry could consider
(
) while those bearish on the insurance industry could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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