On May 21, 2024, Michael Millegan, a Director at Axis Capital Holdings Ltd (AXS, Financial), purchased 1,400 shares of the company, as reported in a recent SEC Filing. This transaction increases the total number of shares owned by Millegan to 1,400, as he had not previously sold any shares.
Axis Capital Holdings Ltd (AXS, Financial) is a global provider of specialty lines insurance and treaty reinsurance. On the date of the transaction, shares of Axis Capital Holdings Ltd were priced at $71.49. The company has a market cap of approximately $6.13 billion.
The price-earnings ratio of Axis Capital Holdings Ltd stands at 11.07, which is below the industry median of 11.74. This ratio also falls beneath the company's historical median, indicating a potentially lower valuation relative to past figures.
According to the GF Value, the intrinsic value estimate for Axis Capital Holdings Ltd is $58.51 per share, making the stock modestly overvalued with a price-to-GF-Value ratio of 1.22.
The insider transaction history for Axis Capital Holdings Ltd shows a trend of more insider buying than selling over the past year, with 3 insider buys and only 1 insider sell.
This recent purchase by the insider could be a signal to investors about the perceived value of the stock, especially when considered alongside the company's valuation metrics and insider activity trends.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
