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In a remarkable display of market confidence, Axis Capital Holdings Limited (NYSE:AXS) stock has surged to an all-time high, with shares peaking at $94.94. According to InvestingPro analysis, the company currently trades at an attractive P/E ratio of 7.57, suggesting potential room for further growth despite the recent rally. This milestone underscores a significant period of growth for the company, which has seen its stock value skyrocket over the past year. Investors have been rallying behind AXS, propelling the stock to new heights and reflecting a bullish outlook on the company’s performance and future prospects. The impressive ascent represents a 51.57% increase over the past year, with a solid 21.13% gain in the past six months alone. InvestingPro data reveals the company has maintained dividend payments for 23 consecutive years, demonstrating consistent shareholder returns. For deeper insights and additional ProTips about AXS, including detailed valuation metrics and growth indicators, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, AXIS Capital Holdings Limited reported its fourth-quarter 2024 earnings, surpassing analyst expectations with earnings per share (EPS) of $2.97 compared to the forecasted $2.57. However, the company’s revenue fell short, recording $1.47 billion against an anticipated $1.52 billion. For the full year 2024, AXIS Capital achieved a record operating EPS of $11.18 and a return on equity of 18.6%. Additionally, the company announced a new share repurchase program, authorizing the buyback of up to $400 million of its common shares, replacing the previous $300 million program. AXIS Capital also declared a quarterly dividend of $0.44 per common share and a preferred dividend of $34.375 per Series E share, payable in April 2025. The company continues to maintain strong financial ratings, with an "A+" from Standard & Poor’s and an "A" from A.M. Best. In analyst activity, AXIS Capital’s stock performance was mixed following the earnings report, reflecting investor reactions to the revenue miss despite the EPS beat. The company plans to focus on mid to high single-digit growth in 2025, with strategic emphasis on specialty lines and disciplined capital allocation.
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