Axis Capital Holdings Limited (AXS) Receives Average Rating of “Hold” from Brokerages

Axis Capital Holdings Limited (NYSE:AXS) has earned a consensus rating of “Hold” from the nine research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $58.40.

A number of brokerages have recently weighed in on AXS. Zacks Investment Research upgraded Axis Capital from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Tuesday, September 25th. Wells Fargo & Co reiterated a “hold” rating and set a $58.00 price target on shares of Axis Capital in a research report on Wednesday, October 24th. TheStreet upgraded Axis Capital from a “c” rating to a “b-” rating in a research report on Thursday, October 25th. Citigroup set a $60.00 price target on Axis Capital and gave the stock a “hold” rating in a research report on Thursday, November 8th. Finally, Morgan Stanley dropped their price target on Axis Capital from $65.00 to $63.00 and set a “hold” rating on the stock in a research report on Wednesday, November 14th.

NYSE:AXS traded down $0.23 on Friday, hitting $53.49. 15,747 shares of the stock were exchanged, compared to its average volume of 744,350. The firm has a market capitalization of $4.46 billion, a PE ratio of -16.89, a P/E/G ratio of 1.22 and a beta of 0.41. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.56 and a quick ratio of 0.56. Axis Capital has a fifty-two week low of $47.43 and a fifty-two week high of $60.69.

Axis Capital (NYSE:AXS) last issued its earnings results on Wednesday, October 24th. The insurance provider reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.27. Axis Capital had a return on equity of 8.02% and a net margin of 3.91%. The company had revenue of $919.94 million during the quarter, compared to the consensus estimate of $987.27 million. During the same quarter in the prior year, the business earned ($5.35) earnings per share. The company’s revenue was up 10.5% compared to the same quarter last year. As a group, research analysts anticipate that Axis Capital will post 2.46 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be given a $0.40 dividend. This is a boost from Axis Capital’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 2.99%. The ex-dividend date is Friday, December 28th. Axis Capital’s dividend payout ratio (DPR) is currently -50.79%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. CenturyLink Investment Management Co increased its position in shares of Axis Capital by 4.6% during the 4th quarter. CenturyLink Investment Management Co now owns 22,710 shares of the insurance provider’s stock valued at $1,173,000 after purchasing an additional 1,004 shares during the period. Standard Life Aberdeen plc boosted its holdings in Axis Capital by 2.5% during the third quarter. Standard Life Aberdeen plc now owns 17,944 shares of the insurance provider’s stock valued at $1,036,000 after purchasing an additional 436 shares in the last quarter. Vanguard Group Inc boosted its holdings in Axis Capital by 1.3% during the third quarter. Vanguard Group Inc now owns 7,275,658 shares of the insurance provider’s stock valued at $419,878,000 after purchasing an additional 91,402 shares in the last quarter. Federated Investors Inc. PA boosted its holdings in Axis Capital by 5.5% during the third quarter. Federated Investors Inc. PA now owns 140,172 shares of the insurance provider’s stock valued at $8,089,000 after purchasing an additional 7,333 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Axis Capital during the third quarter valued at approximately $613,000. Hedge funds and other institutional investors own 89.58% of the company’s stock.

Axis Capital Company Profile

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 for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance covering offshore energy, cargo, liability, recreational marine, fine art, specie, hull, and war; and terrorism, aviation, credit and political risk, and liability insurance.

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Analyst Recommendations for Axis Capital (NYSE:AXS)

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