La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Axis Capital Holdings a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Axis Capital Holdings..

Axis Capital Holdings (NYSE:AXS) Azioni, Catena delle Opzioni

Axis Capital Holdings

Axis Capital Holdings Ltd is a property and casualty insurance company that provides various products and services to clients and distribution partners. The company has operating subsidiaries and branch networks based in Bermuda, the United States, Canada, Europe, and Singapore. Its business consists of two distinct global underwriting platforms, AXIS Insurance, and AXIS Reinsurance. The company manages its portfolio holistically, aiming to construct an optimum consolidated portfolio of funded and unfunded risks.

Axis Capital Holdings Limited Common Stock

Axis Capital Holdings Ltd

Axie Infinity - United States Dollar

Axsome Therapeutics Inc

Axis Capital Holdings Limited Depositary Shares, each representing 1/100th interest in a share of a 5.50% Series E Preferred Shares

AXS Astoria Real Assets ETF

AXS Change Finance ESG ETF

AXS Esoterica NextG Economy ETF

AXSOME THERAPEUTICS ORD

Across the recent three months, 6 analysts have shared their insights on Axis Capital Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXS#NYSE">AXS</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $88.17, with a high estimate of $98.00 and a low estimate of $74.00. Observing a 9.3% increase, the current average has risen from the previous average price target of $80.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1730750412_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The standing of Axis Capital Holdings among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brian Meredith</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$98.00</td>
<td>$92.00</td>
</tr>
<tr>
<td>Joshua Shanker</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$96.00</td>
<td>$81.00</td>
</tr>
<tr>
<td>Elyse Greenspan</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Underweight</td>
<td>$78.00</td>
<td>$74.00</td>
</tr>
<tr>
<td>Yaron Kinar</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$95.00</td>
<td>$88.00</td>
</tr>
<tr>
<td>Elyse Greenspan</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Underweight</td>
<td>$74.00</td>
<td>$63.00</td>
</tr>
<tr>
<td>Meyer Shields</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$88.00</td>
<td>$86.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Axis Capital Holdings. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Axis Capital Holdings compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Axis Capital Holdings's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Axis Capital Holdings's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/AXS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Axis Capital Holdings analyst ratings.</a>
<h2>Unveiling the Story Behind Axis Capital Holdings</h2>
Axis Capital Holdings Ltd is a property and casualty insurance company that provides various products and services to clients and distribution partners. The company has operating subsidiaries and branch networks based in Bermuda, the United States, Canada, Europe, and Singapore. Its business consists of two distinct global underwriting platforms, AXIS Insurance, and AXIS Reinsurance. The company manages its portfolio holistically, aiming to construct an optimum consolidated portfolio of funded and unfunded risks.
<h3>Axis Capital Holdings: A Financial Overview</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, Axis Capital Holdings showcased positive performance, achieving a revenue growth rate of 2.35% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 11.39%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Axis Capital Holdings's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 3.25%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Axis Capital Holdings's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.53%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Axis Capital Holdings's debt-to-equity ratio is below the industry average at 0.27, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Significance of Analyst Ratings Explained</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Which Stocks Are Analysts Recommending Now?
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

The Analyst Landscape: 6 Takes On Axis Capital Holdings

UBS analyst Brian Meredith maintains Axis Capital Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXS#NYSE">AXS</a>) with a Buy and raises the price target from $92 to $98.

News

Price Target

UBS Maintains Buy on Axis Capital Holdings, Raises Price Target to $98

Axis Capital Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXS#NYSE">AXS</a>) reported quarterly earnings of $2.04 per share which missed the analyst consensus estimate of $2.55 by 20 percent. The company reported quarterly sales of $1.610 billion which beat the analyst consensus estimate of $1.356 billion by 18.75 percent. This is a 12.27 percent increase over sales of $1.434 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Axis Capital Holdings Q3 2024 Adj. EPS $2.04 Misses $2.55 Estimate, Sales $1.610B Beat $1.356B Estimate

Axis Capital Holdings's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXS#NYSE">AXS</a>) short percent of float has risen 12.87% since its last report. The company recently reported that it has 1.32 million shares sold short, which is 1.93% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.23 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Axis Capital Holdings Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729791924_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Axis Capital Holdings has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Axis Capital Holdings's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Axis Capital Holdings's peer group average for short interest as a percentage of float is 1.81%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Looking Into Axis Capital Holdings's Recent Short Interest

B of A Securities analyst Joshua Shanker maintains Axis Capital Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXS#NYSE">AXS</a>) with a Buy and raises the price target from $81 to $96.

B of A Securities Maintains Buy on Axis Capital Holdings, Raises Price Target to $96

Wells Fargo analyst Elyse Greenspan maintains Axis Capital Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXS#NYSE">AXS</a>) with a Underweight and raises the price target from $74 to $78.

Wells Fargo Maintains Underweight on Axis Capital Holdings, Raises Price Target to $78

In the preceding three months, 4 analysts have released ratings for Axis Capital Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXS#NYSE">AXS</a>), presenting a wide array of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $86.75, a high estimate of $95.00, and a low estimate of $74.00. Surpassing the previous average price target of $78.00, the current average has increased by 11.22%.
<img src="https://www.benzinga.com/files/images/story/2024/1728500486_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Axis Capital Holdings. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Yaron Kinar</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$95.00</td>
<td>$88.00</td>
</tr>
<tr>
<td>Elyse Greenspan</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Underweight</td>
<td>$74.00</td>
<td>$63.00</td>
</tr>
<tr>
<td>Meyer Shields</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$88.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>Harry Fong</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$90.00</td>
<td>$75.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Axis Capital Holdings. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Axis Capital Holdings compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Axis Capital Holdings's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into Axis Capital Holdings's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/AXS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Axis Capital Holdings analyst ratings.</a>
<h2>All You Need to Know About Axis Capital Holdings</h2>
Axis Capital Holdings Ltd is a property and casualty insurance company that provides various products and services to clients and distribution partners. The company has operating subsidiaries and branch networks based in Bermuda, the United States, Canada, Europe, and Singapore. Its business consists of two distinct global underwriting platforms, AXIS Insurance, and AXIS Reinsurance. The company manages its portfolio holistically, aiming to construct an optimum consolidated portfolio of funded and unfunded risks.
<h3>A Deep Dive into Axis Capital Holdings's Financials</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Positive Revenue Trend: Examining Axis Capital Holdings's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 8.69% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.
Net Margin: Axis Capital Holdings's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 13.9% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 4.06%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Axis Capital Holdings's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.64%, the company may face hurdles in achieving optimal financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.3.
<h2>Analyst Ratings: What Are They?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Beyond The Numbers: 4 Analysts Discuss Axis Capital Holdings Stock

Jefferies analyst Yaron Kinar maintains Axis Capital Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXS#NYSE">AXS</a>) with a Buy and raises the price target from $88 to $95.

Jefferies Maintains Buy on Axis Capital Holdings, Raises Price Target to $95

The Dow Jones Industrial Average inched up higher on Friday, setting a new record after a strong week, driven by the Federal Reserve&#39;s first rate cut in four years. The Dow rose by 38.16 points, or 0.09%, to close at 42,063.36. In contrast, the S&amp;P 500 slipped 0.19% to 5,702.55, and the Nasdaq Composite fell 0.36% to finish at 17,948.32. This movement came after a midweek rally, during which the Dow surpassed the 42,000 mark and the S&amp;P 500 hit a key milestone above 5,700. Despite Friday&#39;s slight pullbacks, all three major indexes posted weekly gains.
The Fed&#39;s decision to lower interest rates by 50 basis points spurred a buying spree on Thursday. However, markets steadied on Friday as investors stepped back from the prior day&#39;s surge. Going forward, the market will engage with a blend of economic indicators, including key releases, political developments and corporate earnings reports, all of which could trigger volatility. In this environment, value stocks stand out as a compelling investment option. Typically trading below their intrinsic value, these stocks offer a margin of safety during market fluctuations.
When evaluating value stocks, one of the most effective valuation metrics is the Price to Cash Flow (P/CF) ratio. This metric measures the market price of a stock relative to the cash flow the company generates on a per-share basis. A lower P/CF ratio indicates that the stock is trading at a better value, offering strong cash generation potential relative to its price. Here are four companies &mdash; Universal Health Services, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uhs#NYSE">UHS</a>), Carriage Services, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/csv#NYSE">CSV</a>), AXIS Capital Holdings Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axs#NYSE">AXS</a>) and EnerSys (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ens#NYSE">ENS</a>) &mdash; that boast low P/CF ratios, making them strong contenders for value-seeking investors.
<h2>Price to Cash Flow Ratio Reveals Financial Health</h2>
Questions may arise as to why we are considering the P/CF valuation metric when the most widely used metric is Price/Earnings (or P/E). Well, what makes P/CF stand out is that operating cash flow adds back non-cash charges such as depreciation and amortization to net income, truly reflecting the financial health of a company.
Analysts caution that a company&#39;s earnings are subject to accounting estimates and management manipulation. However, cash flow is reliable. It is net cash flow that reveals how much money a company is actually generating and how effectively management is putting the same to use.
A positive cash flow indicates an increase in the company&#39;s liquid assets. This gives the company the means to settle debt, shell out for its expenses, reinvest in its business, endure downturns, and finally pay back its shareholders. Then again, a negative cash flow implies a decline in the company&#39;s liquidity, which in turn lowers its flexibility to support these moves.
<h2>What&#39;s the Best Value Investing Strategy?</h2>
An investment decision solely based on the P/CF metric may not fetch the desired results. To identify stocks that are trading at a discount, you should expand your search criteria and also consider the price-to-book ratio, price-to-earnings ratio, and price-to-sales ratio. Adding a favorable Zacks Rank and a Value Score of A or B to your search criteria should lead to even better results as these eliminate the chance of falling into a value trap.
Here are the parameters for selecting true-value stocks:
P/CF less than or equal to X-Industry Median.
Price greater than or equal to 5: The stocks must all be trading at a minimum of $5 or higher.
Average 20-Day Volume greater than 100,000: A substantial trading volume ensures that the stock is easily tradable.
P/E using (F1) less than or equal to X-Industry Median: This parameter shortlists stocks that are trading at a discount or are equal to their peers.
P/B less than or equal to X-Industry Median: A lower P/B compared with the industry average implies that there is enough room for the stock to gain.
P/S less than or equal to X-Industry Median: The P/S ratio determines how a stock price compares to the company&#39;s sales &mdash; the lower the ratio, the more attractive the stock is.
PEG less than 1: The ratio is used to determine a stock&#39;s value by taking the company&#39;s earnings growth into account. The PEG ratio portrays a more complete picture than the P/E ratio. A value of less than 1 indicates that the stock is undervalued and that investors need to pay less for a stock that has robust earnings growth prospects.
Zacks Rank less than or equal to 2: Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks are known to outperform irrespective of the market environment.
Value Score of less than or equal to B: Our research shows that stocks with a Style Score of A or B, when combined with a Zacks Rank #1 or 2, offer the best upside potential.
Here are four of the 11 low P/CF stocks that qualified the screening:
Universal Health Services, one of the nation&#39;s largest hospital companies, operating through its subsidiaries, acute care hospitals, behavioral health facilities and ambulatory centers, sports a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 14.6%, on average.
The Zacks Consensus Estimate for Universal Health Services&#39; current financial year sales and earnings per share suggests growth of 9.8% and 51%, respectively, from the year-ago period. Universal Health Services has a Value Score of A. Shares of UHS have rallied 85.8% in the past year.
Carriage Services, a leading provider of funeral and cemetery services and merchandise in the United States, carries a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 17%, on average.
The Zacks Consensus Estimate for Carriage Services&#39; current financial year sales and EPS suggests growth of 3.7% and 6.9%, respectively, from the year-ago period. CSV has a Value Score of B. Shares of CSV have risen 11.5% in the past year.
AXIS Capital Holdings, a global specialty underwriter and provider of insurance and reinsurance solutions, sports a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 94.6%, on average.
The Zacks Consensus Estimate for AXIS Capital&#39;s current financial year sales and EPS suggests growth of 7.2% and 8.7%, respectively, from the year-ago period. AXS has a Value Score of A. Shares of AXS have advanced 34.4% in the past year.
EnerSys, the global leader in stored energy solutions for industrial applications, carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 1.5%, on average.
The Zacks Consensus Estimate for EnerSys&#39; current financial year sales and EPS suggests growth of 4.7% and 7.1%, respectively, from the year-ago period. ENS has a Value Score of A. Shares of ENS have increased 6.3% in the past year.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
<a href="https://www.zacks.com/stock/news/2340101/4-top-stocks-to-buy-for-value-investing-after-fed-rate-cut?cid=CS-BENZ-FT-analyst_blog|rw-2340101" style="font-size: 13px;">To read this article on Zacks.com click here.</a>

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Markets

4 Top Stocks to Buy for Value Investing After Fed Rate Cut

Axis Capital Holdings's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXS#NYSE">AXS</a>) short percent of float has fallen 7.49% since its last report. The company recently reported that it has 1.18 million shares sold short, which is 1.73% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.7 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Axis Capital Holdings Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726260321_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Axis Capital Holdings has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Axis Capital Holdings's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Axis Capital Holdings's peer group average for short interest as a percentage of float is 1.93%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Axis Capital Holdings's Recent Short Interest

Shares of RLI Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rli#NYSE">RLI</a>) closed at $151.38 on Friday, near its 52-week high of $155.59. This proximity underscores investor confidence. It has the ingredients for further price appreciation. Technical indicators for RLI show that the stock is trading above its 50-day and 200-day moving averages, signaling strong upward momentum.
Earnings of RLI grew 18.7% in the last five years, better than the industry average of 10.5%. RLI has a solid surprise history. It surpassed earnings estimates in each of the last four quarters, the average being 140.08%.
Shares of RLI have gained 13.7% in the year-to-date period compared with the industry&#39;s growth of 28.2%. The stock has outperformed the Zacks S&amp;P 500 composite&#39;s growth 13.3%.
<h2>RLI YTD Price Performance</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c4/76952.jpg?v=232627320" />
Image Source: Zacks Investment Research
<h2>Positive Analyst Sentiment Instills Confidence in RLI</h2>
Three of the four analysts covering the stock have raised estimates for 2024 and 2025 over the past 60 days. The Zacks Consensus Estimate for 2024 and 2025 increased 4.9% and 3.6%, respectively.
The consensus estimate for 2024 and 2025 earnings indicates an improvement of 24.2% and 2.6%, respectively. RLI has a Growth Score of B.
<h2>RLI&#39;s Favorable Return on Capital</h2>
Return on equity in the trailing 12 months was 18.3%, higher than the industry average of 7.9%. Return on equity, a profitability measure, reflects how effectively a company is utilizing its shareholders. Its return on invested capital has increased every year. This reflects RLI&#39;s efficiency in utilizing funds to generate income. ROIC in the trailing 12 months was 7.6%, higher than the industry average of 6%.
<h2>Key Points to Note for RLI</h2>
Product diversification across the Casualty, Property and Surety segments of the company has fueled the insurer&#39;s growth and financial success. The Casualty segment continues to gain from an expanded distribution base in personal umbrella and rate increases.
The commercial property business has been gaining from higher wind and earthquake exposure rates. Rate increases, improved retention and new opportunities in the inland marine space should benefit marine products.
The Surety segment continues to benefit from its compelling product portfolio, growth within existing accounts and writing of bonds with new customers. 
Building materials inflation and new accounts will aid commercial and contract surety businesses in the future. RLI boasts solid operating results and its financial position remained strong. Operating cash flows are likely to gain from higher premium receipts.
The insurer has a sound capital structure, helping it meet the interests of its policyholders, enhance operations in the insurance sector and aid growth in its book value for the long term.
<h2>RLI&#39;s Impressive Dividend History</h2>
RLI has been paying dividends for 187 consecutive quarters and increased regular dividends in each of the last 48 years at an eight-year (2016-2023) CAGR of 3.9%. In addition, the insurer has been paying special dividends since 2011. Over the past five years, the insurer has returned $819 million to shareholders. RLI has $87.5 million of remaining capacity from the repurchase program.
<h2>RLI Shares Are Expensive</h2>
The stock is overvalued compared with its industry. It is currently trading at a price-to-book ratio of 4.37, higher than the industry average of 1.61.
However, shares of other players from the same space, like Axis Capital Holdings Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axs#NYSE">AXS</a>), CNA Financial Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cna#NYSE">CNA</a>) and NMI Holdings Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmih#NASDAQ">NMIH</a>), are trading at a discount to the industry average.
<h2>Conclusion</h2>
A strong product portfolio, rate increases, improved retention, higher premium receipts and sufficient liquidity and effective capital deployment should continue to favor RLI over the long term. Coupled with favorable growth estimates and ROE, the time appears right for potential investors to bet on this Zacks Rank #2 (Buy) insurer.
<a href="https://www.zacks.com/stock/news/2333502/rli-stock-near-52-week-high-what-investors-should-know?cid=CS-BENZ-FT-analyst_blog|rank_focused-2333502">To read this article on Zacks.com click here.</a>

Dividends

Technicals

NMIH

RLI Stock Near 52-Week High: What Investors Should Know?

The Zacks Property and Casualty Insurance industry has performed well so far this year, banking on better pricing, increased exposure, prudent underwriting, streamlined operations, global presence and a solid capital position. The industry has gained 32.1% year to date, outperforming the Finance sector&#39;s rise of 15.1% and the Zacks S&amp;P 500 composite&#39;s increase of 18.4%. The group&#39;s Zacks Industry Rank places it in the top 10% of more than 250 Zacks industries and earnings estimates for the current year have increased 12.4% year over year.
However, after seven years of increase, the industry has been witnessing flat pricing. Also, the prospect of an interest rate cut by the Fed this month adds pressure.
Despite the challenges, Heritage Insurance Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hrtg#NYSE">HRTG</a>), Arch Capital Group Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acgl#NASDAQ">ACGL</a>), AXIS Capital Holdings Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axs#NYSE">AXS</a>) and NMI Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmih#NASDAQ">NMIH</a>) are poised to do well and are strong contenders for addition to one&#39;s portfolio for better returns. These insurers have outperformed the industry year to date and are poised to retain the rally given their solid prospects.
<h3>Industry Outperformers</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/37/76406.jpg?v=1700416073" />
Image Source: Zacks Investment Research
<h2>Flat Pricing in Q2</h2>
After 26 straight quarters of year-over-year rise, pricing stayed flat in the second quarter of 2024. Per Marsh&#39;s Global Insurance Market Index, pricing declined 1% sequentially. Per Marsh, the continued moderation of rates was largely due to increasing competition among insurers in the global property market, as published in Insurance Journal.
Per Marsh, region-wise, &quot;on average, Q2 rates decreased by 5% in Canada and the Pacific, and by 3% in the UK and in Asia regions. Rates increased in the US and Europe by 1%, and by 4% in the Latin America and the Caribbean and India, Middle East, and Africa (IMEA) regions.&quot;
Business line wise, property insurance rates globally were flat, casualty lines rates increased 3% globally, while global financial and professional lines (FinPro) rates decreased 5% globally for the eighth consecutive quarter. Cyber insurance rates decreased 6% globally.
Pricing, a crucial underwriting action, plays an important part in driving premiums and addressing claims payment prudently, thus benefiting underwriting profitability.
Per Deloitte Insights, gross premiums are estimated to increase sixfold to $722 billion by 2030. China and North America should account for more than two-thirds of the global market, per the report. Analysts at Swiss Re Institute predict premiums to grow 7% in 2024 and 4.5% in 2025.
<h2>Interest Rate Cut in the Cards?</h2>
After 11 rate hikes since March 2022, a rate cut in September FOMC seems inevitable as inflation approaches the target of 2% and on stable employment and improved retail sales data.
The current interest rate of 5.25%-5.5% marks the highest level in more than two decades.
Fed Chairman Jerome Powell at Jackson Hole stated, &quot;The time has come for policy to adjust. The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks.&quot;
Rates were last raised by 25 basis points in July 2023.
Per a report published in The Guardian, based on trading in financial markets, investors see about a 76% chance of a 25-basis point cut in interest rates in September.
Insurers are direct beneficiaries of a rising rate environment. They invest a portion of their premiums. Long-tail insurers tend to gain more from rising rates as they have more time to invest their premiums and earn a higher rate of return.
As far as commercial insurers are concerned, low interest rates can make it difficult for them to maintain adequate reserves for long-tail liabilities. This can lead to increased volatility in claims reserve.
<h2>Stocks to Bet On</h2>
With the help of the Zacks Stock Screener, we have selected five P&amp;C insurers that have an impressive Value Score of A or B. Each of these stocks either carries a Zacks Rank #1 (Strong Buy) or a Zacks Rank #2 (Buy). Back-tested results have shown that stocks with a solid Value Score and a favorable Zacks Rank are the most attractive and their returns are better.
Heritage Insurance: Tampa, FL-based HRTG provides personal and commercial residential insurance products. Its focus on rate adequacy, selective underwriting and profit-oriented underwriting criteria while restricting new business in over-concentrated markets or products poises it well for growth. This Zacks Rank #1 insurer has strategically diversified its portfolio to achieve better risk distribution, claims trends and lower reinsurance costs.
The Zacks Consensus Estimate for HRTG&#39;s 2024 and 2025 earnings suggests 10.3% and 18.1% year-over-year growth, respectively. The consensus estimate for 2024 and 2025 has moved up 33.1% and 26.7%, respectively, in the past 30 days.
The stock currently has a P/B ratio of 1.94. It has a Value Score of A.
Arch Capital Group: Pembroke, Bermuda-based Arch Capital is a leading specialty P&amp;C and mortgage insurer and is poised to gain from new business opportunities, rate improvement, growth in existing accounts and a solid capital position. Widespread operations coupled with a compelling product portfolio provide meaningful diversification and earnings stability to this Zacks Rank #2 insurer. Its international expansion strengthens operational capabilities while diversifying business at attractive risk-adjusted returns.
The Zacks Consensus Estimate for ACGL&#39;s 2024 and 2025 earnings suggests 6.6% and 2.5% year-over-year growth, respectively. The consensus estimate for 2024 and 2025 earnings has moved 1.3% and 0.4% north in the past 30 days. The expected long-term earnings growth rate is 6.1%.
The stock currently has a P/B ratio of 2.14. It has a Value Score of B.
Axis Capital Holdings: Bermuda-based Axis Capital focuses on growth areas, including wholesale insurance and lower middle markets, deploying resources prudently while enhancing efficiencies and improving its portfolio mix and underwriting profitability. AXIS Capital is also working with its distribution partners to use expanding digital capabilities to create new business growth in desirable smaller accounts. AXS, aiming for leadership in specialty risks, has an impressive dividend history. It has hiked dividends for 18 straight years and boasts one of the highest dividend yields among its peers. It sports a Zacks Rank #1.
The Zacks Consensus Estimate for AXS&#39; 2024 and 2025 earnings suggests 8.6% and 8.4% year-over-year growth, respectively. The consensus estimate for 2024 and 2025 has moved up 1.7% and 1.8%, respectively, in the past 30 days. The expected long-term earnings growth rate is pegged at 27.8%, better than the industry average of 11%.
The stock currently has a P/B ratio of 1.32. It has a Value Score of A.
NMI Holdings: Headquartered in Emeryville, CA, NMIH provides private mortgage insurance through its wholly-owned insurance subsidiaries in the United States. Improving mortgage insurance portfolio, higher new insurance written volume, a comprehensive reinsurance program and a solid capital position poise the insurer well for growth. The expected long-term earnings growth rate is pegged at 9.8%. This Zacks Rank #2 insurer generates solid mid-teens shareholders&#39; returns.
The Zacks Consensus Estimate for NMIH&#39;s 2024 and 2025 earnings suggests 8.6% and 8.4% year-over-year growth, respectively. The consensus estimate for 2024 and 2025 has moved up 1.4% and 1.1%, respectively, in the past 30 days. The expected long-term earnings growth rate is pegged at 9.8%.
The stock currently has a P/B ratio of 1.6. It has a Value Score of B.
<a href="https://www.zacks.com/stock/news/2330991/4-p-c-insurance-stocks-to-buy-amid-flat-pricing-rate-cut-bets?cid=CS-BENZ-FT-analyst_blog|investment_ideas-2330991">To read this article on Zacks.com click here.</a>

Retail Sales

ACGL

HRTG

4 P&C Insurance Stocks to Buy Amid Flat Pricing, Rate Cut Bets

The Zacks Insurance industry is undervalued than the Zacks S&amp;P 500 composite and the Zacks Finance sector. The insurance industry&#39;s price-to-book (the best multiple for valuing insurers because of their unpredictable financial results) of 1.57 was less than the Zacks S&amp;P 500 composite&#39;s P/B of 8.57 and the sector&#39;s P/B of 3.65. Such below-market positioning hints at room for an upside in the days ahead.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/ea/75359.jpg?v=70695623" />
Image Source: Zacks Investment Research
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/21/75358.jpg?v=45396998" />
Image Source: Zacks Investment Research
Thus, before their valuation increases, locating some undervalued stocks with growth potential is wise.
<h2>Driving Forces</h2>
Global commercial insurance rates remained unchanged in the second quarter of 2024, per the Marsh Global Insurance Market Index. Price hikes, operational strength, higher retention, strong renewal and the appointment of retail agents should help write higher premiums. Per Deloitte Insights, gross premiums are estimated to increase sixfold to $722 billion by 2030.
Analysts at Swiss Re Institute predict premium volume to reach $4.6 trillion in 2024 and $4.8 trillion in 2025. Per the Swiss Re Institute, property and casualty insurers are anticipated to enhance profitability in 2024, with industry-wide return on equity (ROE) at 10% so far in 2024. For 2025, the Swiss Re Institute estimates an ROE of more than 10%.
According to Verisk&#39;s Extreme Event Solutions group estimates, U.S. onshore wind property losses from Beryl were within the $2-$3 billion range. Per Allstate, estimated catastrophe losses were $587 million for July alone from 20 events.
Multiline insurers benefit from a diversified portfolio that lowers concentration risk. While higher demand for protection products benefits sales and premiums of life insurance operations, better pricing and increased exposure to intangibles and cyber threats support premium growth of non-life insurance operations. Per the 2024 global insurance outlook published in Financial Services, U.S. demand for catastrophe reinsurance is expected to grow, putting upward pressure on prices.
The insurance industry is rate-sensitive. An improving rate environment is a boon for insurers, especially long-tail insurers. The Fed held interest rates unchanged at 5.25-5.5% at the December FOMC meeting. With a large invested asset base, investment income should remain healthy, even if the Fed cuts rates later this year. Also, the insurance players are investing heavily in technology to improve scale and efficiency. This should help them generate higher margins and improve profitability.
<h2>Price Performance</h2>
The insurance industry has outperformed the Zacks S&amp;P 500 composite as well as the Finance sector in the past year. The insurance industry has gained 31.6%, compared with the Zacks S&amp;P 500 composite and the sector&#39;s increase of 27.8% and 27.1%, respectively.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/97/75360.jpg?v=1273277392" />
Image Source: Zacks Investment Research
Better pricing, prudent underwriting and increased exposure should help insurers retain the momentum and remain well-poised for the longer term.
<h2>Picking the Value Stocks</h2>
With the help of the Zacks Stock Screener, we have selected four insurance stocks with an impressive Value Score of A or B and a Zacks Rank #1 (Strong Buy) or #2 (Buy). Back-tested results have shown that stocks with a favorable Value Score and a solid Zacks Rank are the best investment options.
These stocks with growth potential have witnessed positive estimate revisions, reflecting analysts&#39; confidence in their operational efficiency and a cheaper valuation.
Axis Capital Holdings Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axs#NYSE">AXS</a>) provides various specialty insurance and reinsurance products worldwide. AXIS Capital continues to build on its Specialty Insurance, Reinsurance, and Accident and Health to pave the way for long-term growth. Apart from fortifying the casualty and professional lines in the insurance segment, its focus on deploying resources prudently while enhancing efficiencies and improving its portfolio mix and underwriting profitability bodes well. The expected long-term earnings growth rate is 27.8%. 
This insurer surpassed earnings estimates in each of the last four quarters, the average beat being 94.62%. AXS currently sports a Zacks Rank #1. AXS has a Value Score of A.
The company&#39;s return on equity in the trailing 12 months was 19.7%. AXS also has an impressive VGM Score of A.
Axis Capital&#39;s P/B ratio is 1.26. The Zacks Consensus Estimate for 2024 earnings has moved north 6.8% in the past 30 days, and the estimate indicates a year-over-year increase of 8.6%. AXS shares have gained 40.4% in the past year.
NMI Holdings Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmih#NASDAQ">NMIH</a>) provides private mortgage insurance through its wholly-owned insurance subsidiaries in the United States. Improving mortgage insurance portfolio, higher new insurance written volume, a comprehensive reinsurance program, a solid capital position and effective capital deployment poise the insurer well for growth. The expected long-term earnings growth rate is pegged at 9.8%.
The stock currently has a P/B ratio of 1.55. The Zacks Consensus Estimate for 2024 earnings has moved north by 1.1% in the past seven days, and the estimate indicates a year-over-year increase of 16.9%. Its shares have gained 39.8% in the past year. It has a Zacks Rank of 2 and a Value Score of B.
The insurer&#39;s return on equity in the trailing 12 months was 18.2% and it surpassed earnings estimates in each of the last four quarters, the average beat being 10.15%.
MGIC Investment Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mtg#NYSE">MTG</a>) is the largest private mortgage insurer in the United States. Higher insurance in force, resulting from an increase in new business written, higher annual persistency, a decline in loss and claims payments, lower delinquency, better housing market fundamentals and prudent capital deployment, bode well for growth. The expected long-term earnings growth rate is pegged at 6.8%.
The stock currently has a P/B ratio of 1.26. The Zacks Consensus Estimate for 2024 earnings has moved north by 2.2% in the past seven days, and the estimate for earnings per share indicates a year-over-year increase of 9.1%. Its shares have gained 43% in the past year. It has a Zacks Rank of 1 and a Value Score of B. The insurer&#39;s return on equity in the trailing 12 months was 14.9% and it surpassed earnings estimates in each of the last four quarters, the average beat being 15.59%.
Old Republic International Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ori#NYSE">ORI</a>) specializes in insurance underwriting and related services, operating primarily in the United States and Canada. ORI&#39;s solid market presence, niche focus, low property catastrophe exposure in its General Insurance segment and robust capital position bodes well for growth. ORI continues to strengthen its balance sheet by improving its cash balance while lowering its leverage ratio. Earnings have grown 10.3% in the past five years, better than the industry average of 9%.
The stock currently has a P/B ratio of 1.51. The Zacks Consensus Estimate for 2024 earnings has moved north by 4.4% in the past 30 days, and the estimate indicates a year-over-year increase of 7.6%. Its shares have gained 29.4% in the past year. It has a Zacks Rank of 2 and a Value Score of B. The insurer&#39;s return on equity in the trailing 12 months was 12.5% and it surpassed earnings estimates in three of the last four quarters and missed in one, the average beat being 9.06%.
<a href="https://www.zacks.com/stock/news/2327035/4-low-price-to-book-stocks-from-the-undervalued-insurance-industry?cid=CS-BENZ-FT-analyst_blog|industry_focus-2327035">To read this article on Zacks.com click here.</a>

4 Low Price-to-Book Stocks From the Undervalued Insurance Industry

Shares of NMI Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmih#NASDAQ">NMIH</a>) have rallied 28.9% year to date, outperforming the industry&#39;s increase of 24.6%, the Finance sector&#39;s increase of 11.6% and the S&amp;P 500 composite&#39;s rise of 17.5%.
An improving mortgage insurance portfolio, higher new insurance written volume, a comprehensive reinsurance program, its solid capital position and effective capital deployment drive this Zacks Rank #2 (Buy) stock.
This mortgage insurer has a decent history of delivering surprises in the last six quarters.
NMIH&#39;s return on equity (ROE) for the trailing 12 months is 18.3%, better than the industry average of 8%. This reflects efficiency in utilizing its shareholders&#39; funds. It targets 13% ROE over the medium term.
Also, the return on invested capital in the trailing 12 months was 14.8%, better than the industry average of 6.1%, which reflected the insurer&#39;s efficiency in utilizing funds to generate income.
The Zacks Consensus Estimate for NMI Holdings&#39; 2024 and 2025 earnings has moved 4.7% and 2.6% north, respectively, in the past 30 days, reflecting analyst optimism.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/52/74926.jpg?v=778876063" />
Image Source: Zacks Investment Research
<h3>Can NMIH Retain the Momentum?</h3>
Per the Federal Reserve, the U.S. residential mortgage market is one of the largest in the world, with nearly $13 trillion of mortgage debt outstanding as of Dec 31, 2023, and includes both primary and secondary components. NMIH stands to gain from new business opportunities from a growing mortgage insurance market.&nbsp;NMI Holdings&#39; mortgage insurance portfolio is expected to create a strong foundation for future earnings.
Growth in monthly and single premium policy production is tied to the increased penetration of existing customer accounts. New customer account activation will also drive results.
In order to enhance its return profile, absorb losses, provide efficient growth capital and mitigate the impact of credit volatility, NMIH has a comprehensive reinsurance program for its in-force portfolio.
To drive margin expansion, NMIH remains focused on efficiency and expense management.
NMIH engages in share buybacks and has a $124.9 million share repurchase program under its kitty.
All these together should help the insurer continue to generate solid mid-teens shareholders&#39; returns.
The Zacks Consensus Estimate for NMI Holdings&#39; 2024 earnings is pegged at $4.44, which indicates a 15.6% increase from the year-ago reported figure on 11.8% higher revenues of $647.1 million. The consensus estimate for 2025 earnings per share is pegged at $4.69, which implies a 5.6% increase year over year on 6.5% higher revenues of $689 million.
The expected long-term growth rate is pegged at 9.8%. Notably, earnings grew 18.7% in the past five years, better than the industry average of 10.5%. NMI Holdings&#39; superior primary insurance in-force portfolio generates industry-leading growth. &nbsp;
<h3>Attractive Valuation</h3>
NMIH&#39;s shares are trading at a price-to-book multiple of 1.49, lower than the industry average of 1.56. Before valuation expands, it is wise to take a position in the stock.
This insurer has a Value Score of B, reflecting an attractive valuation.&nbsp; Back-tested results have shown that stocks with a Value Score of A or B combined with a Zacks Rank #1 (Strong Buy) or #2 offer superior returns.
<h3>Other Stocks to Consider</h3>
Some other top-ranked stocks from the insurance industry are Heritage Insurance (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hrtg#NYSE">HRTG</a>), Axis Capital Holdings (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axs#NYSE">AXS</a>) and ProAssurance Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pra#NYSE">PRA</a>), each sporting a Zacks Rank #1 (Strong Buy).
Heritage Insurance earnings surpassed estimates in three of the last four quarters and missed in one, the average beat being 49.15%. Year to date, HRTG has rallied 132.4%.
The Zacks Consensus Estimate for HRTG&#39;s 2024 and 2025 earnings implies 10.3% and 18.1% year-over-year growth, respectively.
Axis Capital earnings surpassed estimates in each of the last four quarters, the average earnings surprise being 94.62%. Year to date, AXS&#39; stock has surged 35.1%.
The Zacks Consensus Estimate for AXS&#39; 2024 and 2025 earnings indicates 8.3% year-over-year growth each.
ProAssurance earnings surpassed estimates in two of the last four quarters and missed in the other two. Year to date, PRA&#39;s stock has lost 2.6%.
The Zacks Consensus Estimate for PRA&#39;s 2024 and 2025 earnings suggests 457.1% and 49.2% year-over-year growth, respectively.
<a href="https://www.zacks.com/stock/news/2325241/nmi-holdings-nmih-surges-29-ytd-will-the-rally-last?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2325241">To read this article on Zacks.com click here.</a>

Buybacks

NMI Holdings Surges 29% YTD: Will the Rally Last?

Wells Fargo analyst Elyse Greenspan maintains Axis Capital Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXS#NYSE">AXS</a>) with a Underweight and raises the price target from $63 to $74.

Wells Fargo Maintains Underweight on Axis Capital Holdings, Raises Price Target to $74

Axis Capital Holdings's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXS#NYSE">AXS</a>) short percent of float has risen 5.84% since its last report. The company recently reported that it has 1.12 million shares sold short, which is 1.63% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.24 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Axis Capital Holdings Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723058120_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Axis Capital Holdings has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Axis Capital Holdings's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Axis Capital Holdings's peer group average for short interest as a percentage of float is 2.16%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(AXS) - Analyzing Axis Capital Holdings's Short Interest

Keefe, Bruyette &amp; Woods analyst Meyer Shields maintains Axis Capital Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXS#NYSE">AXS</a>) with a Outperform and raises the price target from $86 to $88.

Keefe, Bruyette & Woods Maintains Outperform on Axis Capital Holdings, Raises Price Target to $88

Axis Capital Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXS#NYSE">AXS</a>) underwent analysis by 5 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Axis Capital Holdings, revealing an average target of $80.4, a high estimate of $90.00, and a low estimate of $63.00. Observing a 7.49% increase, the current average has risen from the previous average price target of $74.80. 
<img src="https://www.benzinga.com/files/images/story/2024/1722459691_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
A clear picture of Axis Capital Holdings's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Harry Fong</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$90.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Joshua Shanker</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$78.00</td>
<td>$74.00</td>
</tr>
<tr>
<td>Brian Meredith</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$85.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>Meyer Shields</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$86.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>Elyse Greenspan</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Underweight</td>
<td>$63.00</td>
<td>$57.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Axis Capital Holdings. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Axis Capital Holdings compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Axis Capital Holdings's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Axis Capital Holdings's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/AXS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Axis Capital Holdings analyst ratings.</a>
<h2>Get to Know Axis Capital Holdings Better</h2>
Axis Capital Holdings Ltd is a property and casualty insurance company that provides various products and services to clients and distribution partners. The company has operating subsidiaries and branch networks based in Bermuda, the United States, Canada, Europe, and Singapore. Its business consists of two distinct global underwriting platforms, AXIS Insurance, and AXIS Reinsurance. The company manages its portfolio holistically, aiming to construct an optimum consolidated portfolio of funded and unfunded risks.
<h3>Axis Capital Holdings's Financial Performance</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Axis Capital Holdings's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 7.84% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: Axis Capital Holdings's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 26.87% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Axis Capital Holdings's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 8.02%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Axis Capital Holdings's ROA stands out, surpassing industry averages. With an impressive ROA of 1.25%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Axis Capital Holdings's debt-to-equity ratio surpasses industry norms, standing at 0.31. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>The Significance of Analyst Ratings Explained</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What 5 Analyst Ratings Have To Say About Axis Capital Holdings

Roth MKM analyst Harry Fong maintains Axis Capital Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXS#NYSE">AXS</a>) with a Buy and raises the price target from $75 to $90.

Roth MKM Maintains Buy on Axis Capital Holdings, Raises Price Target to $90

Axis Capital Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXS#NYSE">AXS</a>) reported quarterly earnings of $2.40 per share which missed the analyst consensus estimate of $2.59 by 7.34 percent. The company reported quarterly sales of $1.45 billion which missed the analyst consensus estimate of $1.52 billion by 4.89 percent. This is a 4.79 percent increase over sales of $1.38 billion the same period last year.

Axis Capital Holdings Q2 2024 Adj EPS $2.40 Misses $2.59 Estimate, Sales $1.45B Miss $1.52B Estimate

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Here are the major earnings after the close today

Axis Capital Holdings Non-GAAP EPS of $2.71 beats by $0.17, revenue of $1.62B beats by $480M

In a report released today, Meyer Shields from KBW maintained a Buy rating on Axis Capital (AXS – Research Report), with a price target of $94.00. ...

Axis Capital (AXS) Receives a Rating Update from a Top Analyst

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Cautious Outlook on Axis Capital Amid Q4 Reserve Review Concerns and Market Volatility

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Press Releases

AXIS Capital Declares Quarterly Dividends and Announces New Share Repurchase Authorization

AXIS Report: How Risks Including Climate Change, Economic Uncertainty, and Investor Hesitancy Around Tech Innovation are Impacting the Energy Transition

AXIS Capital to Release Second Quarter Financial Results on July 30, 2024

AXIS Capital Reports Second Quarter Net Income Available to Common Shareholders of $204 Million, or $2.40 Per Diluted Common Share and Operating Income of $250 Million, or $2.93 Per Diluted Common Share

AXIS Appoints Pranav Shroff to Lead Life Sciences in North America

Sara Mitchell to Succeed Mark Gregory as AXIS Head of Global Markets

AXIS Capital Declares Quarterly Dividends

AXIS Capital to Release Third Quarter Financial Results on October 30, 2024

AXIS Capital Announces Leadership Appointments for Irish Legal Entities

AXIS Capital Reports Third Quarter Net Income Available to Common Shareholders of $173 Million, or $2.04 Per Diluted Common Share and Operating Income of $230 Million, or $2.71 Per Diluted Common Share

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