
Axis Capital (AXS) Stock Forecast & Price Target
Axis Capital (AXS) Analyst Ratings
Bulls say
Axis Capital Holdings Ltd has demonstrated a strong financial performance, consistently outperforming both the S&P 500 and the KBW Insurance Index across various time frames, which highlights its robust strategy and market positioning in the specialty insurance sector. Despite a general slowdown in rate increases, the forecast for improvement in core loss ratios among underwriters is expected to bolster profitability, particularly as Axis benefits from an optimistic reserve adequacy outlook with a noted overstatement of net reserves in previous years. Additionally, the company has proactively raised its 2025E and 2026E earnings per share, reflecting the positive impact of share repurchases on its financial health, thereby reinforcing confidence in its operational strength and future growth prospects.
Bears say
Axis Capital Holdings's stock outlook is negatively impacted by significant concerns regarding overestimated reserves, with a projected overstatement of $542 million for year-end 2023. The rising ratios observed may suggest conservative IBNR reserving practices, leading to potential implications for the company's earned rate levels. Additionally, the possibility of material net reserve strengthening for 2024 and 2025 appears unlikely, further contributing to a cautious financial assessment.
This aggregate rating is based on analysts' research of Axis Capital and is not a guaranteed prediction by Public.com or investment advice.
Axis Capital (AXS) Analyst Forecast & Price Prediction
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