KBW Maintains a Buy Rating on Axis Capital with a Target Price of $121
Businessinsider
1h ago
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Analyst Meyer Shields maintained a "buy" rating on Axis Capital on November 6th, setting a target price of $121. The stock closed at $105.97 on Friday last week. According to the company's latest financial report for the quarter ending September 30th, Axis Capital reported revenue of $1.79 billion and net profit of $209.08 million for that period.
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Analyst Meyer Shields maintained a “buy” rating on Axis Capital on November 6th, setting a target price of $121.00. The company’s stock closed at $105.97 last Friday.

Shields mainly covers the financial sector, with a focus on stocks including Progressive, Allstate, and Arch Capital Group. According to TipRanks data, the average return rate of Shields is 14.3%, and the success rate of its recommended stocks is 75.00%.

Apart from KBW, Axis Capital also received a "buy" rating in the report released on November 2nd by analyst Yaron Kinar of Mizuho Securities. However, on October 29th, Bank, of, and America Securities maintained a "hold" rating for Axis Capital ( NYSE : AXS ).

According to the latest financial report for the quarter ending September 30th as per Axis Capital, the company's revenue for that quarter was 1.79 billion US dollars, with a net profit of 209.08 million US dollars. In contrast, during the same period last year, the company's revenue was 1.69 billion US dollars, and the net profit was 301.86 million US dollars.

Based on recent insider trading activities involving 29 insiders, the sentiment among these insiders is relatively negative regarding the stock. This indicates that, in the past quarter, there has been an increase in the number of AXS insiders selling company shares compared to earlier this year.

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