Axis Reaches New 52-Week High (AXS)

NEW YORK ( TheStreet) -- Axis Capital Holdings (NYSE: AXS) hit a new 52-week high Thursday as it is currently trading at $46.90, above its previous 52-week high of $46.88 with 221,078 shares traded as of 11:40 a.m. ET. Average volume has been 935,000 shares over the past 30 days.

Axis has a market cap of $5.54 billion and is part of the financial sector and insurance industry. Shares are up 35% year to date as of the close of trading on Wednesday.

AXIS Capital Holdings Limited provides specialty lines insurance and treaty reinsurance products worldwide. It operates in two segments, Insurance and Reinsurance.

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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, good cash flow from operations, compelling growth in net income, notable return on equity and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Axis Ratings Report.

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