Loading, Please wait ...

Please contact us if you would like to upgrade your account to include access to financial models

Please contact us if you would like to upgrade your account to include short term strategies for this stock.

AXS.N

ISIN: BMG0692U1099
SEDOL: 2677606

Rating:

BUY

Target Price:

27.70 USD

Investment Horizon:

6 to 12 months
28th Apr 2009 View Report   Download

1Q 09 News Alert

Axis Capital Holdings Ltd.’s (Axis Capital) 1Q 09 adjusted1 total revenue was higher than our expectation reflecting significantly higher-than-expected net investment income, as well as a strongerthan- expected premium performance. However, adjusted net income was in line with our estimate as higher-than-expected top-line was offset by higher-than-expected total claims and underwriting expenses....

31st Mar 2009 View Report   Download

4Q 08 & FY 2008 Update Report

Although we expect the hardening of premium rates to support top-line to some extent, we believe prevailing economic conditions, the negative outlook for the insurance industry by rating agencies and a 13.5% y-o-y reduction in the company’s capital in FY 2008 will impose restrictions on the company’s ability to write new business. Moreover, we are concerned about increased claims expenses, with Tropical Storm Risk predicting…

10th Feb 2009 View Report   Download

4Q 08 News Alert

CLICK VIEW REPORT TO READ FREE REPORT

Axis Capital Holdings Ltd.’s (Axis Capital) 4Q 08 adjusted1 total revenues were lower than our and market expectations as the company reported net investment losses on its alternative investment portfolio. However, adjusted net income was higher than our estimate reflecting lower-than-expected claims and underwriting expenses as a result of a positive prior year reserve development. Going forward, we believe that hardening…

21st Nov 2008 View Report   Download

Company News Alert

CLICK VIEW REPORT TO READ FREE REPORT

Axis Capital Holdings Ltd.’s (Axis Capital) ) NYSE common stock price has decreased significantly since our 3Q 08 update report dated 19 November 2008, reflecting broad-based weakness in the NYSE composite index and the AMBest Global Reinsurance index. However, we believe that the recent decline does not reflect the company’s fundamental strengths and global presence across a wide range of insurance…

19th Nov 2008 View Report   Download

3Q 08 Update Report

CLICK VIEW REPORT TO READ FREE REPORT

Axis Capital Holdings Ltd.’s (Axis Capital) adjusted4 total revenues declined in 3Q 08, in line with expectations, despite significantly lower-than-expected net investment income and insurance premiums, as the reinsurance segment performed more strongly than forecast. With loss expenses exceeding expectations, net loss was significantly higher than anticipated. We expect the impact of improvement in premium…