Jefferies lowered the firm’s price target on Axis Capital to $68 from $70 and keeps a Buy rating on the shares. In its Q3 earnings preview for the P&C Insurance/Insurtech group, the firm said it sees “upwards bias” to catastrophe-exposed names. In Personal, the firm expects year-over-year underlying underwriting improvement for Progressive (PGR) and Allstate (ALL) along with rate momentum, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on AXS:
- Axis Capital partners with Stone Point Credit Adviser to launch Monarch Point Re
- Axis Capital upgraded to Buy from Underperform at BofA
- Adobe upgraded, DigitalOcean double downgraded: Wall Street’s top analyst calls
- Axis Capital initiated with a Sell at Goldman Sachs
- Axis Capital management to meet with Roth MKM