AXIS Capital Holdings Limited (NYSE:AXS) has earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $53.40.
A number of equities research analysts recently issued reports on the company. Bank of America lowered AXIS Capital from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 7th. Morgan Stanley dropped their target price on AXIS Capital from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Monday, February 1st. MKM Partners lifted their target price on AXIS Capital from $55.00 to $65.00 in a research report on Friday, November 27th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on AXIS Capital from $42.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, November 3rd.
Shares of NYSE AXS traded down $0.04 during mid-day trading on Thursday, reaching $50.35. 2,225 shares of the company’s stock were exchanged, compared to its average volume of 445,065. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of -27.09, a PEG ratio of 2.36 and a beta of 0.82. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $49.45 and a 200 day simple moving average of $48.06. AXIS Capital has a twelve month low of $31.82 and a twelve month high of $62.55.
AXIS Capital (NYSE:AXS) last released its quarterly earnings results on Tuesday, January 26th. The insurance provider reported ($0.20) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.40) by $0.20. The company had revenue of $785.45 million for the quarter, compared to analyst estimates of $821.39 million. AXIS Capital had a negative return on equity of 2.79% and a negative net margin of 2.53%. AXIS Capital’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 earnings per share. Equities research analysts predict that AXIS Capital will post -1.09 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Wednesday, March 31st will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Tuesday, March 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.34%. AXIS Capital’s dividend payout ratio (DPR) is currently 66.67%.
Several institutional investors have recently bought and sold shares of AXS. Stone Point Capital LLC raised its holdings in shares of AXIS Capital by 179.6% during the 3rd quarter. Stone Point Capital LLC now owns 6,777,806 shares of the insurance provider’s stock worth $298,495,000 after buying an additional 4,354,073 shares in the last quarter. Nuveen Asset Management LLC grew its position in AXIS Capital by 202.5% during the 4th quarter. Nuveen Asset Management LLC now owns 1,136,144 shares of the insurance provider’s stock worth $57,250,000 after acquiring an additional 760,602 shares during the last quarter. Russell Investments Group Ltd. grew its position in AXIS Capital by 57.8% during the 4th quarter. Russell Investments Group Ltd. now owns 1,300,992 shares of the insurance provider’s stock worth $65,419,000 after acquiring an additional 476,688 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in AXIS Capital by 15.5% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,980,637 shares of the insurance provider’s stock worth $150,194,000 after acquiring an additional 400,370 shares during the last quarter. Finally, Credit Suisse AG grew its position in AXIS Capital by 307.1% during the 4th quarter. Credit Suisse AG now owns 353,385 shares of the insurance provider’s stock worth $17,807,000 after acquiring an additional 266,569 shares during the last quarter. 91.06% of the stock is owned by institutional investors.
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 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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