Summary
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AXIS Capital (AXS) shows strong technical buy signals, with a Trend Seeker buy signal since 3/17 and consistent price appreciation, gaining 2.77%.
The Barchart Brief: Your FREE insider update on the biggest news stories and investing trends, delivered midday The company offers diverse specialty insurance and reinsurance products globally, with notable growth in revenue and earnings expected over the next two years.
Technical indicators are highly favorable: 100% buy signals, above key moving averages, and a strong Relative Strength Index of 66.39%.
Analysts' sentiment is positive, with multiple strong buy ratings and a consensus price target of $108, indicating a potential 10% gain.
The Chart of the Day belongs to the insurance company AXIS Capital (AXS) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 3/17 the stock gained 2.77%.
AXS Price vs Daily Moving Averages:
AXS (Barchart)
AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products in Bermuda, the United States, and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers professional insurance products that cover directors' and officers' liability, errors and omissions, employment practices, fiduciary, crime, professional indemnity, medical malpractice, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers; and property insurance products for commercial buildings, residential premises, construction projects, property in transit, onshore renewable energy installations, and physical damage and business interruption following an act of terrorism. This segment also provides marine and aviation insurance services for offshore energy, offshore renewable energy, cargo, liability, including kidnap and ransom, fine art, specie, and hull war, hull and liability, and specific war coverage for passenger airlines, cargo operations, general aviation operations, airports, aviation authorities, security firms, and product manufacturers; personal accident, travel insurance, specialty health products for employer and affinity groups, and pet insurance products; and liability, cyber, and credit and political risk insurance services. The Reinsurance segment offers agriculture, marine and aviation, catastrophe, accidental and health, credit and surety, motor, professional, travel, life, engineering, property, and liability reinsurance products. AXIS Capital Holdings Limited was founded in 2001 and is headquartered in Pembroke, Bermuda.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 51.62+ Weighted Alpha
- 56.23 gain in the last year
- .91 - 60 month Beta
- Trend Seeker buy signal
- Above its 20, 50 and 100 day moving averages
- 5 new highs and up 4.47% in the last month
- Relative Strength Index 66.39%
- Technical support level at $96.63
- Recently traded at $98.24 with 50 day moving average of $92.00
Fundamental Factors:
- Market Cap $7.67 billion
- P/E 8.50
- Dividend yield 1.39%
- Revenue expected to grow 11.79% this year and another 7.03% next year
- Earnings estimated to increase .07% this year and an additional 11.04% next year
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analysts issued 4 strong buy, 2 buy and 3 hold opinions on the stock with price targets between $94 and $127 with a consensus of $108 for a 10 % gain
- Value Line give the stock its highest rating and comments:" These shares have climbed to fresh highs since our last full-page review in October. AXIS Capital's exceptional results of late are surely a major force behind that price action. What's more, the Timeliness rank sits at 1 (Highest). The dividend yield looks decent, as well."
- CFRAs MarketScope give the stock a strong buy rating
- MorningStar thinks the stock is 11% over valued and comments:" The stock currently trades at a 11% premium over our quantitative fair value estimate of 85.43 USD per share; however, this estimate should be taken with a pinch of salt due to its high uncertainty rating. The firm's balance sheet undermines our fair value estimate. "
- There are 463 investors rating the stock on Motley Fool and 423 think the stock will beat the MArket while 40 think it won't
- 5,530 investors monitor the stock on Seeking Alpha
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
