AXS stock soars to all-time high, reaching $103.85

In a remarkable display of market confidence, Axis Capital Holdings Limited (NYSE:AXS) stock has achieved an all-time high, with shares soaring to $103.85. The company’s perfect Piotroski Score of 9, as reported by InvestingPro, signals exceptional financial strength and operational efficiency. This milestone underscores a period of robust growth for the company, which has seen an impressive 1-year change of 40.44%. Trading at an attractive P/E ratio of 10.16 and maintaining dividend payments for 23 consecutive years, investors have rallied behind AXS, propelling the stock to unprecedented levels, as the company continues to capitalize on strategic initiatives and a favorable industry climate. The all-time high represents a significant peak in the stock’s performance, setting a new benchmark for its financial trajectory. With revenue growth of 5.79% and management actively buying back shares, InvestingPro analysis suggests the stock is currently fairly valued, with 12 additional exclusive insights available to subscribers.

In other recent news, AXIS Capital Holdings Limited reported updates on its executive compensation plan, which will take effect on June 30, 2025. The revised plan reduces the service requirement for eligibility, allowing employees aged 60 and above with at least five years of service to benefit from the company’s Amended and Restated Executive RSU Retirement Plan. Additionally, AXIS Capital’s shareholders approved various proposals, including the election of Class III Directors and the appointment of Deloitte Ltd. as the independent registered public accounting firm for the fiscal year ending December 31, 2025. Analyst firm TD Cowen increased its price target for AXIS Capital to $130, maintaining a Buy rating, citing solid growth prospects and sustainable underwriting performance. Keefe, Bruyette & Woods also raised the stock’s price target to $120, reaffirming an Outperform rating, highlighting the company’s potential for consistent, profitable growth in specialty property and casualty premiums. Meanwhile, AXIS Capital announced that its Global Corporate Controller, Kent Ziegler, will resign effective May 1, 2025, with CFO Peter Vogt temporarily assuming the role of principal accounting officer. Despite the executive shift, the company has not indicated any changes to its financial reporting processes. These developments reflect AXIS Capital’s ongoing strategic initiatives and financial management efforts.

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