AXIS Capital Holdings Limited (NYSE: AXS) Receives Consensus “Custody” Rating From Analysts
Shares of AXIS Capital Holdings Limited (NYSE: AXS) have received an average rating of “Hold” from the six analysts who currently cover the company, reports Marketbeat Ratings. One equity research analyst rated the stock with a sell recommendation and three gave the company a keep recommendation. The average one-year target price among analysts who reported on the stock in the past year is $ 59.75.
AXS has been the subject of a number of recent analyst reports. TheStreet downgraded AXIS Capital from a “c” rating to a “b-” rating in a research report released on Monday, May 3. Zacks Investment Research downgraded AXIS Capital from a “sell” rating to a “keep” rating and set a target price of $ 58.00 for the stock in a research report released on Thursday, April 29. Deutsche Bank Aktiengesellschaft raised its price target on AXIS Capital from $ 52.00 to $ 56.00 and gave the company a “hold” rating in a research report published on Wednesday, May 5. Finally, Morgan Stanley raised its price target on AXIS Capital from $ 57.00 to $ 60.00 and gave the company an “equal weight” rating in a research report published on Thursday, May 27.
Shares of AXS opened at $ 50.25 on Friday. The company has a leverage ratio of 0.37, a current ratio of 0.58, and a quick ratio of 0.58. AXIS Capital has a 12 month low of $ 39.46 and a 12 month high of $ 58.61. The company has a market cap of $ 4.26 billion, a PE ratio of 28.55, a P / E / G ratio of 2.32 and a beta of 0.87. The stock has a 50-day simple moving average of $ 51.74.
AXIS Capital (NYSE: AXS) last released its quarterly results on Tuesday, April 27. The insurance provider reported $ 0.97 of EPS for the quarter, beating the Zacks’ consensus estimate of $ 0.65 by $ 0.32. AXIS Capital posted a return on equity of 2.03% and a net margin of 3.63%. The company posted revenue of $ 1.78 billion for the quarter, compared to analysts’ expectations of $ 1.74 billion. In the same quarter of last year, the company made earnings per share ($ 1.94). AXIS Capital’s revenue increased 5.9% year-on-year. On average, equity research analysts predict that AXIS Capital will post earnings per share of 4.32 for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, July 15. Shareholders of record on Tuesday, June 29, received a dividend of $ 0.42 per share. This represents an annualized dividend of $ 1.68 and a dividend yield of 3.34%. The ex-dividend date of this dividend was Monday June 28. AXIS Capital’s dividend payout ratio (DPR) is currently -80.77%.
Large investors have recently increased or reduced their stakes in the company. Meeder Asset Management Inc. increased its holdings of AXIS Capital shares by 2,626.1% in the first quarter. Meeder Asset Management Inc. now owns 627 shares of the insurance provider valued at $ 31,000 after purchasing an additional 604 shares in the last quarter. Inspire Advisors LLC acquired a new position in shares of AXIS Capital in the fourth quarter valued at approximately $ 42,000. Childress Capital Advisors LLC acquired a new position in AXIS Capital shares in the fourth quarter valued at approximately $ 59,000. DekaBank Deutsche Girozentrale acquired a new position in AXIS Capital shares in the first quarter valued at approximately $ 122,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in AXIS Capital shares in the first quarter valued at approximately $ 153,000. Institutional investors hold 91.53% of the shares of the company.
About AXIS Capital
AXIS Capital Holdings Limited, through its subsidiaries, offers 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, third party 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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7 tech stocks that heat up as antitrust talks cool
For most of the past year, Congress has had “big tech” in its sights. But the reasons largely depend on which side of the aisle a particular person was on.
On the one hand, there are politicians who are concerned about the role that technology companies play in restricting the free flow of information. On the other hand, there are politicians who are concerned about these companies’ stranglehold on competitors and innovation.
But big tech won an important, albeit not final, victory at the end of June. At that time, a US judge dismissed two separate complaints against Facebook (NASDAQ: FB). The question before the judge was whether Facebook had a monopoly on social media. Due to a surge in the company’s stock price after the ruling, Facebook became a member of the exclusive $ 1,000 billion market capitalization club. While big tech companies will remain under the microscope of Congress, there’s no denying that investors are seeing the move as a signal to get back to tech stocks. And that is the object of this presentation. Which tech stocks should you buy as antitrust pressure eases?
It would be easy to start and end the list with FAANG stocks. After all, the motto “Keep it Simple Stupid” comes to mind. There are just those companies that offer products that are changing our lives now and will continue to do so in the future. In addition, customers will continue to pay for their products.
And I have a few stocks on my list. But the bulk of the stocks on this list are cheaper alternatives to at least one of the FAANG stocks. That’s not to say they’re top companies, but a rising tide tends to lift all boats. And that means these companies have significant upside potential and you can buy the stocks for a lot less.
Check out “7 Tech Stocks That Heat Up as Antitrust Talks Cool.”