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.

Axis Capital Holdings ( AXS) 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: First Acceptance Corporation ( FAC), down 5.1% and Platinum Underwriters Holdings ( PTP), 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 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.

On the positive front, MGIC Investment Corporation ( MTG), up 5.2%, Lincoln National Corp (Radnor ( LNC), up 4.0%, Symetra Financial Corporation ( SYA), up 3.6% and Baldwin & Lyons ( BWINA), up 3.6% , were all gainers within the insurance industry with Prudential Financial ( PRU) being today's featured insurance industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the insurance industry could consider KBW Insurance ETF ( KIE) while those bearish on the insurance industry could consider Proshares Short Financials ( SEF).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

More from Markets

Canopy Growth Lets Down Eager Pot Investors; PayPal Keeps Dominating -- ICYMI

Canopy Growth Lets Down Eager Pot Investors; PayPal Keeps Dominating -- ICYMI

Dow, S&P 500 and Nasdaq Tumble After Trump Calls Off North Korea Summit

Dow, S&P 500 and Nasdaq Tumble After Trump Calls Off North Korea Summit

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

Automakers Slump as Trump Tariffs Threaten Both Manufacturers and Consumers

Automakers Slump as Trump Tariffs Threaten Both Manufacturers and Consumers