Axis Capital (NYSE:AXS) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, February 7th. Analysts expect the company to announce earnings of $1.11 per share for the quarter.
Shares of Axis Capital (NYSE:AXS) opened at $49.84 on Tuesday. Axis Capital has a 52-week low of $47.99 and a 52-week high of $71.06. The company has a market capitalization of $4,172.08, a price-to-earnings ratio of -16.29, a PEG ratio of 1.31 and a beta of 0.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.51 and a current ratio of 0.51.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders 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 dividend yield of 3.13%. The ex-dividend date was Thursday, December 28th. This is an increase from Axis Capital’s previous quarterly dividend of $0.38. Axis Capital’s dividend payout ratio is -50.98%.
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 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 of the company’s stock, valued at approximately $315,272.37. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.89% of the stock is owned by insiders.
AXS has been the subject of a number of recent research reports. MKM Partners cut their price objective on Axis Capital from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 18th. Bank of America cut their price objective on Axis Capital from $73.00 to $67.00 and set a “buy” rating for the company in a research report on Friday, October 13th. TheStreet downgraded shares of Axis Capital from a “b-” rating to a “c” rating in a research note on Wednesday, October 25th. Morgan Stanley cut their target price 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. Finally, Zacks Investment Research raised shares of Axis Capital from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $61.33.
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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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