News coverage about Axis Capital (NYSE:AXS) has been trending somewhat positive on Friday, Accern Sentiment reports. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Axis Capital earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the insurance provider an impact score of 47.0358545156689 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
A number of equities analysts recently commented on the stock. UBS Group raised shares of Axis Capital from a “sell” rating to a “neutral” rating and set a $55.00 price target on the stock in a research report on Thursday. Wells Fargo & Co upgraded shares of Axis Capital from an “underperform” rating to a “market perform” rating in a research note on Tuesday. ValuEngine upgraded shares of Axis Capital from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research downgraded shares of Axis Capital from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 27th. Finally, Morgan Stanley reduced their price objective on shares of Axis Capital from $70.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 31st. Three research 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. Axis Capital currently has a consensus rating of “Hold” and a consensus target price of $61.45.
Shares of Axis Capital (NYSE:AXS) opened at $49.13 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.21. Axis Capital has a one year low of $48.00 and a one year high of $71.06. The firm has a market cap of $4,090.00, a P/E ratio of -16.00, a PEG ratio of 1.27 and a beta of 0.58.
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 consensus estimate of ($5.34) by ($0.01). Axis Capital had a negative return on equity of 2.59% and a negative net margin of 4.55%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $972.10 million. During the same quarter in the prior year, the business earned $1.78 earnings per share. sell-side analysts anticipate that Axis Capital will post -2.24 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, December 28th. This is an increase from Axis Capital’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 3.18%. Axis Capital’s dividend payout ratio (DPR) is currently -50.81%.
In related news, EVP Conrad D. Brooks sold 7,500 shares of Axis Capital stock in a transaction that occurred on Thursday, November 30th. The shares were 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 approximately $315,272.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.89% of the stock is owned by company insiders.
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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.
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