Axis Capital Holdings Limited (AXS) Receives $61.90 Consensus Target Price from Brokerages

Axis Capital Holdings Limited (NYSE:AXS) has been assigned a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $61.90.

Several research firms recently weighed in on AXS. Wells Fargo & Co set a $52.00 price target on shares of Axis Capital and gave the company a “hold” rating in a research report on Wednesday, January 17th. UBS Group upgraded shares of Axis Capital from a “sell” rating to a “neutral” rating and set a $55.00 price target for the company in a research report on Thursday, January 11th. ValuEngine upgraded shares of Axis Capital from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research lowered shares of Axis Capital from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 27th. Finally, Morgan Stanley reduced their price target on shares of Axis Capital from $70.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 31st.

In other Axis Capital news, EVP Conrad D. Brooks sold 7,500 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $52.31, for a total transaction of $392,325.00. Following the completion of the transaction, the executive vice president now owns 6,027 shares in the company, valued at $315,272.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.89% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of AXS. Clinton Group Inc. lifted its holdings in shares of Axis Capital by 286.1% in the second quarter. Clinton Group Inc. now owns 50,389 shares of the insurance provider’s stock worth $3,258,000 after buying an additional 37,338 shares in the last quarter. General American Investors Co. Inc. lifted its holdings in shares of Axis Capital by 30.7% in the third quarter. General American Investors Co. Inc. now owns 245,000 shares of the insurance provider’s stock worth $14,041,000 after buying an additional 57,500 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Axis Capital by 0.3% in the third quarter. Swiss National Bank now owns 759,346 shares of the insurance provider’s stock worth $43,518,000 after buying an additional 2,000 shares in the last quarter. Shell Asset Management Co. lifted its holdings in shares of Axis Capital by 92.2% in the third quarter. Shell Asset Management Co. now owns 189,880 shares of the insurance provider’s stock worth $8,987,000 after buying an additional 91,084 shares in the last quarter. Finally, Nine Chapters Capital Management LLC purchased a new stake in shares of Axis Capital in the third quarter worth about $711,000. Hedge funds and other institutional investors own 87.31% of the company’s stock.

Axis Capital (NYSE:AXS) traded up $3.07 on Friday, reaching $51.69. 1,728,680 shares of the company traded hands, compared to its average volume of 880,164. The company has a market capitalization of $4,043.19, a price-to-earnings ratio of -16.89, a P/E/G ratio of 1.25 and a beta of 0.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.51 and a current ratio of 0.51. Axis Capital has a one year low of $47.99 and a one year high of $71.06.

Axis Capital (NYSE:AXS) last posted its quarterly earnings results on Wednesday, October 25th. The insurance provider reported ($5.35) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($5.34) by ($0.01). The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $972.10 million. Axis Capital had a negative net margin of 4.55% and a negative return on equity of 2.59%. During the same quarter in the previous year, the company posted $1.78 EPS. equities analysts predict that Axis Capital will post -2.86 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Thursday, December 28th. This is a positive change from Axis Capital’s previous quarterly dividend of $0.38. Axis Capital’s dividend payout ratio (DPR) is currently -50.98%.

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Axis Capital Company Profile

AXIS Capital Holdings Limited is a holding company. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe and Singapore. Its business consists of two global underwriting platforms: AXIS Insurance and AXIS Re.

Analyst Recommendations for Axis Capital (NYSE:AXS)

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