This week I’m seeking a prestigious and long-term dividend paying stock from the financial services sector. Financial Services includes twenty industries ranging from Asset Management to 8 kinds of Banks, Credit, Exchanges, 6 kinds of Insurance, Savings, and all such financial concerns.
Today I’m reviewing a mid-cap insurance – property & casualty firm named Axis Capital Holdings, Ltd. Its trading ticker symbol is AXS.
Axis Capital Holdings Ltd is a global property and casualty insurance company. The firm along with its subsidiaries provides its clients and distribution partners with various products and services around the world. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers property insurance for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance. It also provides professional lines insurance. In addition, this segment offers accidental death, travel, and specialty health products for employer and affinity groups.
The Reinsurance segment offers reinsurance to insurance companies. This segment also provides agriculture reinsurance; coverage for various types of construction risks; marine, aviation, and personal accident reinsurance; and derivative based risk management products. The company was founded in 2001 and is headquartered in Pembroke, Bermuda.
I use three key data points to gauge the value of any dividend equity or fund like Axis Capital Holdings, Ltd. (AXS):
(1) Price
(2) Dividends
(3) Returns
Besides those three, four more keys will finally unlock an equity or fund in which to invest. But those first three primary keys best tell whether a company has made, is making, and will make money.
AXS Price
Axis’s price per share was $54.81 at yesterday’s market close. A year ago its price was $55.87 for a price slide of $1.06 per share.
Assuming Axis’s price will trade in the range of $48 to $60 next year, Axis’s current $54.81 price could manage a $3.00 gain and grow to $57.81 by early-October, 2019.
