Axis Capital (AXS) Gets a Buy from RBC Capital

RBC Capital analyst Rowland Mayor maintained a Buy rating on Axis Capital yesterday and set a price target of $130.00. The company’s shares closed yesterday at $104.05.

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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 Axis Capital.

Currently, the analyst consensus on Axis Capital is a Moderate Buy with an average price target of $123.14, implying a 18.35% upside from current levels. In a report released yesterday, TipRanks – OpenAI also upgraded the stock to a Buy with a $114.00 price target.

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.