12 Best Property & Casualty Insurance Stocks to Buy Now

9. AXIS Capital Holdings Limited (NYSE:AXS)

Number of Hedge Fund Holders: 34

AXIS Capital Holdings Limited (NYSE:AXS) is a global provider of specialty insurance and reinsurance products. The company operates through two main segments: Insurance and Reinsurance, offering a broad range of risk management solutions to businesses worldwide.

AXIS Capital Holdings Limited (NYSE:AXS) delivered robust financial results for both Q4 and the full year of 2024, reaffirming its position as a strong player in the global specialty insurance and reinsurance markets. The company posted a Q4 net income of $286 million, or $3.38 per diluted common share, and operating income of $252 million, or $2.97 per share. For the full year, AXIS Capital Holdings Limited (NYSE:AXS) reported a significant increase in profitability, with net income of $1.1 billion, a marked improvement from the $346 million net income available to common shareholders, or $4.02 per diluted common share, in 2023.

In a recent development, AXIS Capital Holdings Limited (NYSE:AXS) has promoted Steve Cucciniello to the role of Head of Primary Casualty, effective February 6, 2025. Cucciniello, who brings over three decades of industry experience, joined the company in 2014 and most recently served as Senior Vice President of Primary Casualty. In his new position, Cucciniello will lead the Primary Casualty team and focus on advancing the company’s strategy in this area. This leadership change highlights AXIS Capital Holdings Limited (NYSE:AXS)’s commitment to growing its casualty business with experienced talent.

AXIS Capital Holdings Limited (NYSE:AXS) currently has 29 hedge fund holders, according to Insider Monkey’s Q3 2024 database.