AXIS Capital Holdings Limited (NYSE: AXS) Receives Brokers’ Average Hold Rating
AXIS Capital Holdings Limited (NYSE: AXS) has received an average “Hold” rating from the six rating companies currently hedging the stock, reports Marketbeat Ratings. One equity research analyst rated the stock with a sell recommendation and three issued a hold recommendation on the company. The one-year average price target among brokerage firms that have issued quotes on the stock in the past year is $ 59.75.
A number of research analysts have recently published reports on AXS stocks. TheStreet upgraded AXIS Capital shares from a “c” rating to a “b-” rating in a research note on Monday, May 3. Zacks Investment Research raised AXIS Capital shares from a ‘sell’ rating to a ‘maintain’ rating and set a price target of $ 58.00 on the stock in a research note on Thursday 29 April. Morgan Stanley raised its price target on AXIS Capital shares from $ 57.00 to $ 60.00 and gave the company an “equal weight” rating in a research note Thursday. Finally, Deutsche Bank Aktiengesellschaft raised its price target on AXIS Capital shares from $ 52.00 to $ 56.00 and assigned the company a “hold” rating in a research note on Wednesday, May 5.
Shares of AXS opened at $ 53.64 on Friday. AXIS Capital has a 12 month minimum of $ 36.68 and a 12 month maximum of $ 58.61. The company’s 50-day moving average is $ 54.67 and its 200-day moving average is $ 51.54. The stock has a market cap of $ 4.55 billion, a PE ratio of 30.48, a P / E / G ratio of 2.50, and a beta of 0.88. The company has a current ratio of 0.58, a quick ratio of 0.58, and a debt ratio of 0.37.
AXIS Capital (NYSE: AXS) last reported its financial results on Tuesday, April 27. The insurance provider reported EPS of $ 0.97 for the quarter, beating Thomson Reuters consensus estimate of $ 0.65 by $ 0.32. AXIS Capital had a net margin of 3.63% and a return on equity of 2.03%. The company posted revenue of $ 1.78 billion for the quarter, compared to analysts’ expectations of $ 1.74 billion. During the same period last year, the company made earnings per share ($ 1.94). The company’s revenue for the quarter increased 5.9% year over year. Equity research analysts predict that AXIS Capital will post 4.2 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 15. Shareholders of record on Tuesday, June 29 will receive a dividend of $ 0.42 per share. The ex-dividend date of this dividend is Monday, June 28. This represents a dividend of $ 1.68 on an annualized basis and a dividend yield of 3.13%. AXIS Capital’s payout ratio (DPR) is currently -80.77%.
Several large investors have recently changed their holdings in the company. Russell Investments Group Ltd. increased its stake in AXIS Capital by 57.8% in the fourth quarter. Russell Investments Group Ltd. now owns 1,300,992 shares of the insurance company valued at $ 65,419,000 after purchasing an additional 476,688 shares in the last quarter. Benedict Financial Advisors Inc. increased its stake in AXIS Capital shares by 14.7% during the first quarter. Benedict Financial Advisors Inc. now owns 20,901 shares of the insurance company valued at $ 1,036,000 after purchasing an additional 2,677 shares in the last quarter. Jennison Associates LLC increased its stake in AXIS Capital shares by 0.3% during the 4th quarter. Jennison Associates LLC now owns 654,879 shares of the insurance company valued at $ 32,999,000 after purchasing an additional 1,736 shares in the last quarter. JPMorgan Chase & Co. increased its stake in AXIS Capital by 115.2% in the 4th quarter. JPMorgan Chase & Co. now owns 51,949 shares of the insurance company valued at $ 2,618,000 after acquiring an additional 27,804 shares during the period. Finally, Cypress Point Wealth Management LLC purchased a new stake in AXIS Capital during the 4th quarter valued at approximately $ 34,000. Institutional investors hold 91.54% of the shares of the company.
AXIS Capital Company Profile
AXIS Capital Holdings Limited, through its subsidiaries, provides a variety of specialty insurance and reinsurance products around the world. 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, freight, liability, pleasure craft, fine art, cash and hull warfare; and insurance products against terrorism, aviation, credit and political risks and civil liability.
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