Axis Capital Holdings Limited (NYSE:AXS) Receives $68.29 Consensus PT from Analysts

Axis Capital Holdings Limited (NYSE:AXS) has been given a consensus rating of “Buy” by the nine brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $68.29.

Several equities analysts have weighed in on AXS shares. UBS Group lifted their price objective on shares of Axis Capital from $69.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Wells Fargo & Co cut shares of Axis Capital from an “equal weight” rating to an “underweight” rating and set a $60.00 price objective on the stock. in a research report on Monday, January 6th. Zacks Investment Research upgraded shares of Axis Capital from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research report on Monday, February 3rd. Finally, TheStreet cut shares of Axis Capital from a “b” rating to a “c+” rating in a research report on Tuesday, October 29th.

In other news, Director Henry B. Smith sold 10,000 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $64.91, for a total transaction of $649,100.00. Following the transaction, the director now directly owns 44,976 shares in the company, valued at approximately $2,919,392.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. First Hawaiian Bank grew its holdings in shares of Axis Capital by 10.3% during the 4th quarter. First Hawaiian Bank now owns 18,741 shares of the insurance provider’s stock valued at $1,114,000 after acquiring an additional 1,748 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Axis Capital by 22.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 6,853 shares of the insurance provider’s stock valued at $457,000 after purchasing an additional 1,234 shares during the last quarter. Man Group plc lifted its stake in shares of Axis Capital by 11.9% in the 3rd quarter. Man Group plc now owns 733,365 shares of the insurance provider’s stock valued at $48,929,000 after purchasing an additional 77,912 shares during the last quarter. Cerebellum GP LLC lifted its stake in shares of Axis Capital by 34.8% in the 4th quarter. Cerebellum GP LLC now owns 9,366 shares of the insurance provider’s stock valued at $557,000 after purchasing an additional 2,420 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Axis Capital by 30.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 480,935 shares of the insurance provider’s stock valued at $32,108,000 after purchasing an additional 112,343 shares during the last quarter. Institutional investors and hedge funds own 90.26% of the company’s stock.

NYSE AXS traded down $0.66 on Friday, hitting $63.83. 367,452 shares of the stock were exchanged, compared to its average volume of 496,536. Axis Capital has a 52-week low of $54.47 and a 52-week high of $67.51. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.55 and a quick ratio of 0.55. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 19.11, a P/E/G ratio of 2.54 and a beta of 0.27. The company’s 50-day moving average price is $61.93 and its two-hundred day moving average price is $62.06.

Axis Capital (NYSE:AXS) last posted its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. Axis Capital had a net margin of 6.25% and a return on equity of 5.40%. The firm had revenue of $786.15 million for the quarter, compared to analysts’ expectations of $741.78 million. During the same period in the previous year, the company posted ($1.61) EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities analysts predict that Axis Capital will post 5.13 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.41 per share. This is a boost from Axis Capital’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Monday, December 30th. Axis Capital’s payout ratio is currently 65.08%.

About Axis Capital

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers property insurance products for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance products covering offshore energy, cargo, liability, recreational marine, fine art, specie, hull, and war; and terrorism, aviation, credit and political risk, and liability insurance products.

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Analyst Recommendations for Axis Capital (NYSE:AXS)

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