Axis Capital Holdings Limited (AXS) Shares are Down -0.05%

Axis Capital Holdings Limited (AXS) has risen sharply, recording gains of 3.79% in the past 4 weeks. However, the stock has corrected -0.05% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.39% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

AXIS Capital Holdings Limited is up 2.91% in the last 3-month period. Year-to-Date the stock performance stands at 0.19%. The stock has recorded a 20-day Moving Average of 0.18% and the 50-Day Moving Average is 2.47%.


Axis Capital Holdings Limited (NYSE:AXS): The stock opened at $55.30 on Friday but the bulls could not build on the opening and the stock topped out at $55.61 for the day. The stock traded down to $55.30 during the day, due to lack of any buying support eventually closed down at $55.59 with a loss of -0.05% for the day. The stock had closed at $55.62 on the previous day. The total traded volume was 330,413 shares.

Also, Morgan Stanley maintains their rating on the shares of Axis Capital Holdings Limited (NYSE:AXS). The current rating of the shares is Equal-weight. Equity Analysts at the Firm raises the price target to $60 per share from $59 per share. The rating by the firm was issued on July 28, 2016.

AXIS Capital Holdings Limited is a Bermuda-based holding company for the AXIS group of companies. The Company provides a range of specialty (re)insurance, through operating subsidiaries and branch networks -based in Bermuda, the United States, Canada, Europe, Australia and Singapore. The Company operates in to segments: AXIS Insurance and AXIS Re. The Company also has marketing offices in Brazil, France and Spain. The lines of business in insurance segment include property, marine, terrorism, aviation, credit and political risk, professional lines, liability and accident and health. The reinsurance segment provides non-life reinsurance to insurance companies. The lines of business in insurance segment include catastrophe; property; professional lines; credit and surety; motor; liability; engineering; agriculture, among others.

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