Axis Capital (AXS) Gets a Hold Rating from Wells Fargo


In a report released today, Elyse Greenspan from Wells Fargo maintained a Hold rating on Axis Capital (NYSE: AXS), with a price target of $58. The company’s shares opened today at $53.66.

According to TipRanks.com, Greenspan is a 3-star analyst with an average return of 2.9% and a 51.0% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and Renaissancere Holdings Ltd.

Currently, the analyst consensus on Axis Capital is a Hold with an average price target of $59.50.

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Based on Axis Capital’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $104 million. In comparison, last year the company had a GAAP net loss of $457 million.

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AXIS Capital Holdings Ltd. engages in the provision of various insurance and reinsurance products and services. It operates through the Insurance and Reinsurance segments. The Insurance segment offers specialty insurance products to a variety of niche markets.

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