Wells Fargo Remains a Hold on Axis Capital


In a report released today, Elyse Greenspan from Wells Fargo maintained a Hold rating on Axis Capital (NYSE: AXS), with a price target of $56. The company’s shares opened today at $57.38.

According to TipRanks.com, Greenspan is a 3-star analyst with an average return of 5.1% and a 52.1% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Renaissancere Holdings Ltd, and Marsh & Mclennan Companies.

Axis Capital has an analyst consensus of Hold, with a price target consensus of $56.

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Based on Axis Capital’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $73.2 million. In comparison, last year the company had a net profit of $19.86 million.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AXS in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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