NEW YORK (

TheStreet

) --

Axis Capital Holdings

(NYSE:

AXS

) hit a new 52-week low Thursday as it is currently trading at $27.02, below its previous 52-week low of $27.15 with 310,740 shares traded as of 10:39 a.m. ET. Average volume has been one million shares over the past 30 days.

Axis has a market cap of $3.6 billion and is part of the

financial

sector and

insurance

industry. Shares are down 22.7% year to date as of the close of trading on Wednesday.

AXIS Capital Holdings Limited, through its subsidiaries, provides various insurance and reinsurance products to insureds and reinsureds worldwide. It operates in two segments, Insurance and Reinsurance. The company has a P/E ratio of 20.3, below the average insurance industry P/E ratio of 23.9 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Axis as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full

Axis Ratings Report

.

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