RBC Capital Reaffirms Their Buy Rating on Axis Capital (AXS)

In a report released yesterday, Rowland Mayor from RBC Capital maintained a Buy rating on Axis Capital, with a price target of $125.00.

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According to TipRanks, Mayor is an analyst with an average return of -0.7% and a 55.56% success rate. Mayor covers the Financial sector, focusing on stocks such as Accelerant Holdings Class A, American International Group, and Kinsale Capital Group.

In addition to RBC Capital, Axis Capital also received a Buy from Wells Fargo’s Elyse Greenspan in a report issued on January 13. However, yesterday, Bank of America Securities maintained a Hold rating on Axis Capital (NYSE: AXS).

Based on Axis Capital’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.69 billion and a net profit of $301.86 million. In comparison, last year the company earned a revenue of $1.52 billion and had a net profit of $180.73 million

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AXS in relation to earlier this year.