TD Cowen Reiterates Buy Rating on AXIS Capital (AXS) Following 'Strong Quarter Across the Board'

TD Cowen analyst Andrew Kligerman reiterated a Buy rating and $127.00 price target on AXIS Capital (NYSE: AXS).

The analyst commented: "Strong Quarter Across the Board; Post-close, AXS released 4Q24 results, including a combined ratio (C/R) of 94.2% with 5.9 pts of catastrophe losses. Underlying (u/l) ratios remain strong and stable, while net written premium growth of 14.3% y/y (incl. 9.1% in Insurance) was above our estimate. We expect a positive stock reaction on continued strong u/l C/Rs, strong premium growth, EPS beat, and favorable prior year development."

For an analyst ratings summary and ratings history on AXIS Capital click here. For more ratings news on AXIS Capital click here.

Shares of AXIS Capital closed at $90.00 yesterday.

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