AXS Stock Summary and Trading Ideas (Axis Capital Holdings | NYSE:AXS)

Axis Capital Holdings Ltd is a property and casualty insurance company that provides various products and services to clients and distribution partners. The company has operating subsidiaries and branch networks based in Bermuda, the United States, Canada, Europe, and Singapore. Its business consists of two distinct global underwriting platforms, AXIS Insurance, and AXIS Reinsurance. The company manages its portfolio holistically, aiming to construct an optimum consolidated portfolio of funded and unfunded risks.

Axis Capital Holdings trades on the NYSE stock market under the symbol AXS.

As of April 24, 2024, AXS stock price climbed to $62.58 with 453,992 million shares trading.

AXS has a beta of 0.23, meaning it tends to be less sensitive to market movements. AXS has a correlation of 0.02 to the broad based SPY ETF.

AXS has a market cap of $5.33 billion. This is considered a Mid Cap stock.

Last quarter Axis Capital Holdings reported $1 billion in Revenue and $2.94 earnings per share. This fell short of revenue expectation by $-139 million and exceeded earnings estimates by $.35.

In the last 3 years, AXS stock traded as high as $65.86 and as low as $44.49.

The top ETF exchange traded funds that AXS belongs to (by Net Assets): VTI, VB, VBR, VXF, AVUV.

AXS stock has underperformed the market in the last year with a return of +14.8%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AXS shares. However, AXS has outperformed the market in the last 3 month and 2 week periods, returning +14.6% and -1.6%, while SPY returned +4.6% and -2.7%, respectively. This indicates AXS has been having a stronger performance recently.

AXS support price is $61.31 and resistance is $63.19 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AXS stock will trade within this expected range on the day.