Axis Reaches New 52-Week High (AXS)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Axis Capital Holdings (NYSE: AXS) hit a new 52-week high Monday as it is currently trading at $46.17, above its previous 52-week high of $46.14 with 212,976 shares traded as of 10:25 a.m. ET. Average volume has been 937,200 shares over the past 30 days.

Axis has a market cap of $5.45 billion and is part of the financial sector and insurance industry. Shares are up 31.6% year to date as of the close of trading on Friday.

AXIS Capital Holdings Limited provides specialty lines insurance and treaty reinsurance products worldwide. It operates in two segments, Insurance and Reinsurance. The company has a P/E ratio of 8.2, below the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Axis as a buy. 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 Ratings Report.

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

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..
null

If you liked this article you might like

How Well Do You Know Your Insurer -- and Its Reinsurer?

Buffett's Berkshire, Rivals Brace for Billions in Hurricane Harvey Claims

3 Financial Stocks Pushing The Sector Higher

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tomorrow: IRT, BXMT, AXS

Insider Trading Alert - AXS, FSB And MKC Traded By Insiders