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 19, 2024, AXS stock price climbed to $62.24 with 62,929 million shares trading.

AXS has a beta of 0.28, meaning it tends to be less sensitive to market movements. AXS has a correlation of 0.03 to the broad based SPY ETF.

AXS has a market cap of $5.30 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 has underperformed the market in the last year with a price return of +12.4% while the SPY ETF gained +21.8%. However, in the short term, AXS had mixed performance relative to the market. It has outperformed in the last 3 months, returning +13.3% vs +4.8% return in SPY. But in the last 2 weeks, AXS shares have been beat by the market, returning -4.0% compared to an SPY return of -3.0%.

AXS support price is $60.53 and resistance is $62.41 (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.