AXA is a holding company. Through its subsidiaries, Co. is engaged in insurance and assets management. Co. operates primarily in Europe, North America, the Asia-Pacific Region and, to a lesser extent, in other regions including the Middle East, Africa, and Latin America. Co. has five operating business segments: Life & Savings, Property & Casualty, International Insurance, Asset Management, and Banking. In addition, various holding companies within the AXA Group conduct certain non-operating activities. As of Dec 31 2013, Co. had total assets of Euro757,143,000,000.
  • TickerCS
  • ISINFR0000120628
  • ExchangeEuronext Paris
  • SectorNonlife Insurance
  • CountryFrance

Analysts

Axa - Assemblée générale des actionnaires du 30 avril 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

Jean-Christophe Dourret

AXA : Axa - 25 Fev 2019

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Jean-Christophe Dourret

AXA : Axa - 25 fev 2019

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Henry Heathfield

Decent 2018 Results for AXA

AXA reported a good set of results for 2018. This is the first full year of consolidated earnings since the announcement and completion of the XL acquisition in March and September 2018. At a broad level, revenue was up 4% and underlying earnings were up 6%. Net income dropped to EUR 2.1 billion as a result of goodwill impairment, though this was still above our expectations. We are going to hold our fair value estimate at EUR 26 per share, though we may revise this when we get full balance shee...

Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/22/2019

The tragedy which struck the Brumadinho complex (state of Minas Gerais in Brazil) belonging to mining giant Vale has radically changed the fundamentals underpinning supply and demand in the iron ore market. Accordingly we are revising up our price scenario for 2019-2021 by 15% on average and are adopting a Neutral recommendation on Rio Tinto (vs Reduce) which has the greatest exposure. We are sticking with our Buy recommendation on ArcelorMittal. - ...

Carine Maciol

AXA : No change in trend…

>Publication date 26/04/2017 13:15 - Writing date 20/04/2017 - - Shareholders - Voting rights - Stake - Mutuelles AXA - 23.93% - 14.13% - Employees - 7.40% - 5.70% - Free float - 68.47% - 79.92% - - Secondary market spreads - Issuer - Rating - Maturity - Cou-pon - Price - ASW - Yield - Tier 1 - - - - AXA - BBB - PNC17 - 6.211 - 103 - 40 - 0.1 - Perp Tier 2 - AXA - BBB+ - PNC24 - 3.941 - 103 - 306 - 3.5 - AXA - BBB+ - PNC25 - 3.875 - 102 - 305 - 3.6 - Allianz - A+ - PNC 24 - 3.375 - 105 - 233 - 2.7 - CNP - BBB+ - PNC24 - 4.000 - 102 - 322 - 3.6 - Scor - A - PNC25 - 3.875 - 104 - 278 - 3....

Carine Maciol

AXA : Dans la continuité …

>Forces / Opportunités - - Une couverture géographique remarquable, avec un recentrage réussi sur les marchés émergents, en particulier en Asie, qui permettent à AXA de profiter des changements des besoins (dépendance) et d’une croissance plus dynamique que dans ses marchés matures. - Un mix d’activités dominé par le segment Vie Epargne Retraite, avec un repositionnement réussi sur les produits à forte composante technique (Santé, Prévoyance, Retraite), mieux margés. - Un changement de management en 2016 réussi, qui s’est passé dans la continuité, Thomas Buberl étant dans le groupe depuis 2012...

Jean-Christophe Dourret

AXA : Axa - 25 Fev 2019

...

Jean-Christophe Dourret

AXA : Axa - 25 fev 2019

...

Henry Heathfield

Decent 2018 Results for AXA

AXA reported a good set of results for 2018. This is the first full year of consolidated earnings since the announcement and completion of the XL acquisition in March and September 2018. At a broad level, revenue was up 4% and underlying earnings were up 6%. Net income dropped to EUR 2.1 billion as a result of goodwill impairment, though this was still above our expectations. We are going to hold our fair value estimate at EUR 26 per share, though we may revise this when we get full balance shee...

Benoit Valleaux

AXA : Good underlying earnings despite one-off items

>Better than expected underlying earnings despite nat. cat. charges in Q4 - Yesterday morning, AXA reported its earnings for 2018. Gross revenues came in at € 102.9bn, up 4% on a reported basis and like-for-like. The group's underlying earnings for 2018 came to € 6,182m (+3% reported, +6% at constant forex), higher than forecast (consensus at € 5,901m, our forecast at € 5,925m). This was in spite of a greater-than-expected loss at AXA XL (-€ 233m vs consensus at -€ 1...

Benoit Valleaux

AXA : Un bon RO malgré des éléments non récurrents

>Un RO meilleur que prévu malgré les cat nat du T4 - AXA a publié hier matin son RN 2018. Les revenus totaux du groupe se sont élevés à 102,9 Md€, en hausse de 4% en publié et à données comparables. Le résultat opérationnel du groupe 2018 a été de 6 182 M€ (+3% en publié, +6% à change constant), supérieur aux attentes (consensus de 5 901 M€, notre prévision de 5 925 M€), malgré une perte en provenance d’AXA XL plus importante que prévu (-233 M€ vs consensus à -10 M€) ...

1 director bought

A director at Axa bought 1,000 shares at 21.390EUR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members a...

Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/22/2019

The tragedy which struck the Brumadinho complex (state of Minas Gerais in Brazil) belonging to mining giant Vale has radically changed the fundamentals underpinning supply and demand in the iron ore market. Accordingly we are revising up our price scenario for 2019-2021 by 15% on average and are adopting a Neutral recommendation on Rio Tinto (vs Reduce) which has the greatest exposure. We are sticking with our Buy recommendation on ArcelorMittal. - ...

Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 22/02/2019

La tragédie du complexe minier de Brumadinho (Etat du Minas Gerais au Brésil) appartenant au géant minier Vale change radicalement les fondamentaux offre/demande du marché du minerai de fer. Aussi, nous relevons en moyenne de 15% notre scénario de prix pour 2019/2021e et adoptons une opinion Neutre sur Rio Tinto (vs Alléger) qui y est le plus exposé. Nous maintenons notre Achat sur ArcelorMittal. - ...

Anis Zgaya ...
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Corby
  • Roland Pfaender
  • Samantha Jeary
  • Steven Gould
  • Valentin Pernet
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/13/2019

We are initiating coverage on HOCHTIEF on Neutral, with a target price of € 152. We are attracted by the combination of yield and growth as well as by management’s track record, but we believe that other companies within our coverage (Eiffage, VINCI) today offer equally attractive and more sustainable levels of FCF yield and return. - ...

Anis Zgaya ...
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Corby
  • Roland Pfaender
  • Samantha Jeary
  • Steven Gould
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 13/02/2019

Nous initions HOCHTIEF à Neutre, avec un objectif de cours de 152 €. Nous sommes séduits par la combinaison rendement-croissance ainsi que par le track record du management mais nous estimons que d’autres valeurs au sein de notre univers de couverture (Eiffage, VINCI) offrent aujourd’hui des niveaux de FCF yield et de rendement aussi intéressants et plus pérennes. Cf étude publiée hier soir. - ...

Alex Koagne ...
  • Benoit Valleaux
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Manuel Martin
  • Sven Edelfelt
  • Thomas Effler
  • Valentin Pernet
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/29/2018

...

AXA sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of AXA (FR), a company active in the Full Line Insurance industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 25, 2019, the closing price was EUR 20.41 and its potential was estimated at EUR 22.04.

Axa

Axa

Axa

Axa

MarketLine Department

Zurich Insurance Group Ltd - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Zurich Insurance Group Ltd Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Zurich Insurance Group Ltd since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competiti...

MarketLine Department

MetLife, Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

MetLife, Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments Marketline's MetLife, Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by MetLife, Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity ...

MarketLine Department

Swiss Life Holding Ltd - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Swiss Life Holding Ltd - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments Marketline's Swiss Life Holding Ltd Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Swiss Life Holding Ltd since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and...

Axa - Assemblée générale des actionnaires du 30 avril 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

Axa – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

AXA - Assemblée générale des actionnaires du 24 avril 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elles vous sera adressée par ResearchPool une fois publiée.

Charles Pinel

Proxy Report - 25/04/2018

Remuneration (resolutions 4 to 7 and 9):Although the transparency of the remuneration is satisfactory, amounts are very high for Thomas Buberl, CEO, as well as Denis Duverne, Chairman of the Board. The severance benefit of the CEO is also too generous. Board members (resolutions 10 to 14):Given the separation of function between Chairman of the Board of directors and CEO, we recommend that shareholders approve the re-elections of Denis Duverne and Thomas Buberl. Patricia Barbizet and Rachel Duan are proposed in order to replace Isabelle Kocher and Suet Fern Lee, who decided to retire from th...

Charles Pinel

Proxy Report - 25/04/2018

Quatre résolutions permettent aux actionnaires de se prononcer sur les rémunérations de Denis Duverne, Président du conseil d'AXA, et de Thomas Buberl, Directeur général. Bien que la transparence soit satisfaisante, les montants sont très élevés, dépassant le seuil de 240 SMICs recommandé par Proxinvest pour Thomas Buberl, et les propositions ne seront pas soutenues (résolutions 4 à 7). Il est également proposé d'approuver la mise en place d'indemnités de départ en faveur de Thomas Buberl. Elles semblent là encore trop généreuses pour être soutenues (résolution 9). Le conseil verra les arrivé...

Matthieu DRIOL

Short term view - AXA : Falling prices.

The trend is uncertain. Prices are falling, but the trend is lacking power for the time being. The next support is at €21.40.

Matthieu DRIOL

Analyse court terme - AXA : Les cours baissent.

La tendance est incertaine. Les cours baissent, mais la tendance manque de puissance pour le moment. Le prochain support est à 21,40 €.

Matthieu DRIOL

Short term view - AXA : The trend is uncertain.

The trend is uncertain. Prices are falling and they may accelerate to the downside. A new bearish trend is attempting to emerge.

Matthieu DRIOL

Analyse court terme - AXA : La tendance est incertaine.

La tendance est incertaine. Les cours baissent, et il y a une possibilité d'accélération baissière. Une nouvelle tendance baissière tente de démarrer.

Matthieu DRIOL

Analyse moyen terme - AXA : La tendance est incertaine.

La tendance est incertaine. Les cours baissent, et il y a une possibilité d'accélération baissière. Une nouvelle tendance baissière tente de démarrer.

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