NYSE:AXSInsurance
AXIS Capital (AXS) Profit Margin Jumps to 15.6%, Reinforcing Bullish Value Narratives
AXIS Capital Holdings (AXS) reported a robust net profit margin of 15.6%, up from 10.3% in the prior year, with earnings surging 59.7% and easily topping its 5-year average growth of 35.4% per year. While revenue is forecast to increase 5.9% annually and the Price-To-Earnings Ratio remains well below industry and peer group averages at 7.4x, future earnings growth is expected to moderate to 4.47% per year, slower than the broader US market's 15.7% pace. Investors are likely to see the...