AXS Stock Trades at a Discount to Industry: Should You Buy or Hold?
AXSAXIS Capital(AXS) ZACKS·2024-10-19 02:35

AXIS Capital Holdings (AXS) shares are trading at a discount to the Zacks Property and Casualty Insurance industry’s multiple of 1.65. Its price-to-book value of 1.36X is lower than the broader sector’s 3.74X and the Zacks S&P 500 composite’s 8.83X.Its pricing at a discount to the industry average gives a better entry point to investors. Also, it has a Value Score of A. This leading specialty insurer and global reinsurer has a market capitalization of $7 billion. The average volume of shares traded in the l ...