Reviewing The Case For Axis Capital Holdings Ltd (AXS) Going Higher

Currently, there are 85.29M common shares owned by the public and among those 76.82M shares have been available to trade.

The company’s stock has a 5-day price change of 4.28% and 8.12% over the past three months. AXS shares are trading 44.27% year to date (YTD), with the 12-month market performance up to 44.16% higher. It has a 12-month low price of $52.90 and touched a high of $80.00 over the same period. AXS has an average intraday trading volume of 506.71K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.71%, 9.54%, and 23.91% respectively.

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Institutional ownership of Axis Capital Holdings Ltd (NYSE: AXS) shares accounts for 87.37% of the company’s 85.29M shares outstanding.

It has a market capitalization of $6.72B and a beta (3y monthly) value of 0.90. The stock’s trailing 12-month PE ratio is 11.01, while the earnings-per-share (ttm) stands at $7.26. The company has a PEG of 0.55 and the debt-to-equity ratio at 0.27. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.38% over the week and 1.53% over the month.

Earnings per share for the fiscal year are expected to increase by 89.27%, and 5.91% over the next financial year. EPS should shrink at an annualized rate of 20.00% over the next five years, compared to 286.70% over the past 5-year period.

Looking at the support for the AXS, a number of firms have released research notes about the stock. Keefe Bruyette stated their Outperform rating for the stock in a research note on November 13, 2023, with the firm’s price target at $59-$66. BofA Securities coverage for the Axis Capital Holdings Ltd (AXS) stock in a research note released on September 15, 2023 offered a Buy rating with a price target of $68. Goldman was of a view on September 08, 2023 that the stock is Sell, while Keefe Bruyette gave the stock Mkt Perform rating on December 19, 2022, issuing a price target of $63- $60. Wells Fargo on their part issued Underweight rating on December 16, 2022.

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