BofA Securities analyst Joshua Shanker maintains $Axis Capital Holdings (AXS.US)$ with a buy rating, and sets the target price at $96.
According to TipRanks data, the analyst has a success rate of 64.4% and a total average return of 11.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Axis Capital Holdings (AXS.US)$'s main analysts recently are as follows:
The third quarter saw a flurry of global catastrophe events, yet the projected impact on Q3 catastrophe losses for property and casualty insurers is anticipated to be manageable. In preparation for Q4, 'placeholder' losses from Hurricane Milton have been factored into models, though there is still a level of uncertainty given the storm's recent landfall. Overall, adjustments to expectations within the industry have been made to reflect occurrences throughout the quarter and shifts in P/E multiples.
The third-quarter outcomes, particularly for reinsurers, might be impacted by the recent Hurricane Milton. An analyst maintains a positive outlook, especially on Personal Lines, due to improving margins and the growth in the number of policies. For the third quarter, it is anticipated that catastrophe losses will be less than the five-year seasonal average but significantly more than those seen in the same quarter of the previous year. This could pose risks for primary insurers within the Property and Casualty Insurance/Insurtech sector.
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