LPL Financial LLC Invests $1.12 Million in AXIS Capital Holdings Limited

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AXIS ($NYSE:AXS) Capital Holdings Limited has recently received an investment of $1.12 million from LPL Financial LLC. AXIS Capital is a leading global provider of specialty lines of insurance and reinsurance, with offices in Bermuda, the United States, Canada, Europe, and Asia. The company provides a wide range of services for its clients, from underwriting and risk management to capital markets and transactional advice. It also offers a number of specialized services, such as catastrophe and terrorism risk management, as well as services for emerging markets.

The company has a strong presence in the Lloyd’s of London and other international markets, making it a leader in the insurance and reinsurance industry. With the support from LPL Financial LLC, AXIS Capital Holdings Limited is well on its way to becoming one of the most successful companies in the sector.

Share Price

This investment caused AXIS CAPITAL stock to open at $53.9 and close at $54.2, up 1.2% from prior close of 53.5. This jump in share price illustrates investor confidence in AXIS Capital and its ability to increase shareholder value. The investment also highlights the trust LPL Financial has in AXIS Capital’s future prospects. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Axis Capital. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Axis Capital. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Axis Capital. More…

Key Ratios Snapshot

Some of the financial key ratios for Axis Capital are shown below. More…

Analysis

GoodWhale recently conducted an analysis of AXIS CAPITAL‘s financials. According to our Star Chart, AXIS CAPITAL is strong in dividend, medium in asset, and weak in growth and profitability. We have classified AXIS CAPITAL as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Investors who are looking for consistent and moderate returns may be interested in AXIS CAPITAL. The company has a high health score of 8/10 which suggests that it is capable of safely riding out any crisis without the risk of bankruptcy. Additionally, their cashflows and debt also contribute to their overall strength and stability. More…

Peers

The Company operates through two segments: Insurance and Reinsurance. The Insurance segment offers a range of primary casualty insurance products, including general liability, professional liability, property, automobile and workers’ compensation. The Reinsurance segment provides reinsurance products, including property catastrophe, property, casualty, professional liability, workers’ compensation and other lines. Axis Capital Holdings Ltd., together with its subsidiaries, is a global provider of specialty lines of insurance and reinsurance products.

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Heritage Insurance Holdings Inc is a insurance company that focuses on property and casualty insurance. The company has a market cap of $37.99 million and a return on equity of -49.54%. The company’s main products include homeowners insurance, automobile insurance, and commercial insurance.

– United Fire Group Inc ($NASDAQ:UFCS)

United Fire Group, Inc., through its subsidiaries, provides insurance protection in the property and casualty market for individuals, families, and businesses worldwide. The company operates in three segments: Property and Casualty, Group Benefits, and Life. The Property and Casualty segment offers fire, allied lines, auto, workers’ compensation, and liability insurance products. The Group Benefits segment provides group life, health, disability, and long-term care insurance products. The Life segment offers universal life and annuity products. United Fire Group, Inc. was founded in 1873 and is headquartered in Cedar Rapids, Iowa.

As of 2022, United Fire Group Inc has a market cap of 824.66M and a ROE of 8.5%. The company operates in three segments: Property and Casualty, Group Benefits, and Life. The Property and Casualty segment offers fire, allied lines, auto, workers’ compensation, and liability insurance products. The Group Benefits segment provides group life, health, disability, and long-term care insurance products. The Life segment offers universal life and annuity products.

– Global Indemnity Group LLC ($NYSE:GBLI)

Global Indemnity Group LLC is a provider of insurance coverage and services. The company offers a range of property and casualty insurance products, including commercial automobile, general liability, workers’ compensation, and professional liability insurance. Global Indemnity Group LLC has a market cap of 303.02M as of 2022 and a Return on Equity of -0.24%. The company’s products are designed to protect policyholders from the financial consequences of property and casualty losses.

Summary

AXIS Capital Holdings Limited is a Bermuda-based specialty lines insurer with a focus on insurance and reinsurance of property and casualty risks. Investors are likely to benefit from AXIS Capital’s financial strength ratings of A+ (Stable) from A.M. Best and AA- (Stable) from Standard & Poor’s. Additionally, AXIS Capital provides a high level of service from experienced underwriting and claims teams which can help investors manage their risks with confidence. Overall, AXIS Capital is a promising opportunity for investors to consider, given its financial strength ratings, experienced risk management teams and diversified product offerings.