Axis Capital (AXS) Receives a Hold from JMP Securities

In a report released yesterday, Matthew Carletti from JMP Securities reiterated a Hold rating on Axis Capital (AXSResearch Report). The company’s shares closed yesterday at $59.13.

According to TipRanks, Carletti is an analyst with an average return of -0.9% and a 54.78% success rate. Carletti covers the Financial sector, focusing on stocks such as Arch Capital Group, Axis Capital, and Root.

Axis Capital has an analyst consensus of Hold, with a price target consensus of $62.00.

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Based on Axis Capital’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.37 billion and a GAAP net loss of $9.38 million. In comparison, last year the company earned a revenue of $1.37 billion and had a net profit of $54.95 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 property, marine, terrorism, aviation, political risk, professional lines, liability, and accident, and health insurance products. The Reinsurance segment provides non-life treaty reinsurance to insurance companies. The company was founded on December 9, 2002 and is headquartered in Pembroke, Bermuda.

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