Axis Capital ( (AXS) ) just unveiled an update.
On April 24, 2025, AXIS Capital Holdings Limited completed a significant loss portfolio transfer transaction with Enstar Group Limited, covering reinsurance segment reserves primarily related to casualty portfolios from 2021 and prior years. The transaction, involving a $3.1 billion reinsurance segment reserve, was structured as a 75% quota share, with AXIS retroceding $2.3 billion to Enstar’s subsidiary, Cavello Bay Reinsurance Limited. This strategic move, following regulatory approvals, is expected to enhance AXIS’s operational focus and financial positioning in the reinsurance industry.
Spark’s Take on AXS Stock
According to Spark, TipRanks’ AI Analyst, AXS is a Outperform.
Axis Capital’s strong financial performance, particularly in cash flow and profitability, combined with positive earnings call guidance, underpin a high stock score. The technical indicators offer a stable outlook, and the valuation suggests the stock is undervalued, adding to its attractiveness. The absence of significant corporate events or detracting factors contributes to a favorable overall evaluation.
To see Spark’s full report on AXS stock, click here.
More about Axis Capital
AXIS Capital, a global specialty underwriter, provides insurance and reinsurance solutions through its subsidiaries. With a financial strength rating of ‘A+’ from Standard & Poor’s and ‘A’ from A.M. Best, the company operates in Bermuda, the United States, Europe, Singapore, and Canada, boasting shareholders’ equity of $6.1 billion as of September 30, 2024.
YTD Price Performance: 7.75%
Average Trading Volume: 754,137
Technical Sentiment Signal: Sell
Current Market Cap: $7.54B
Find detailed analytics on AXS stock on TipRanks’ Stock Analysis page.