News articles about Axis Capital (NYSE:AXS) have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Axis Capital earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 46.4300030318403 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Axis Capital (NYSE AXS) traded up $0.79 during mid-day trading on Friday, reaching $50.58. The company had a trading volume of 974,000 shares, compared to its average volume of 561,798. Axis Capital has a 52-week low of $49.61 and a 52-week high of $71.06. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.21.
Axis Capital (NYSE:AXS) last posted its earnings results on Wednesday, October 25th. The insurance provider reported ($5.35) EPS for the quarter, missing the Zacks’ consensus estimate of ($5.34) by ($0.01). The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $972.10 million. Axis Capital had a negative return on equity of 2.59% and a negative net margin of 4.55%. During the same quarter in the previous year, the firm posted $1.78 earnings per share. equities analysts predict that Axis Capital will post -2.21 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.08%. This is an increase from Axis Capital’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, December 28th. Axis Capital’s payout ratio is presently -49.67%.
Several research analysts have commented on AXS shares. Bank of America cut their price target on Axis Capital from $73.00 to $67.00 and set a “buy” rating on the stock in a research report on Friday, October 13th. TheStreet lowered Axis Capital from a “b-” rating to a “c” rating in a report on Wednesday, October 25th. Zacks Investment Research raised Axis Capital from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. ValuEngine lowered Axis Capital from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $67.00 target price on shares of Axis Capital in a report on Friday, August 18th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $61.45.
In other Axis Capital news, EVP Conrad D. Brooks sold 7,500 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $52.31, for a total transaction of $392,325.00. Following the sale, the executive vice president now directly owns 6,027 shares in the company, valued at $315,272.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.89% of the stock is currently owned by insiders.
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About Axis Capital
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.
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