AXIS Capital Holdings Limited (NYSE: AXS – Get a rating) received an average “Buy” rating from the seven analysts who cover the company, MarketBeat reports. Four analysts rated the stock with a hold recommendation, one gave the company a buy recommendation and one gave the company a strong buy recommendation. The 12-month average target price among brokers who updated their coverage on the stock in the past year is $60.80.
A number of research companies have published reports on AXS. Jefferies Financial Group began covering AXIS Capital shares in a research report on Thursday, November 18. They set a “buy” rating and a price target of $65.00 for the company. Morgan Stanley raised its price target on AXIS Capital shares from $57.00 to $60.00 and gave the stock an “equal weight” rating in a Friday, Jan. 14 research report. Wells Fargo & Company moved shares of AXIS Capital from an “underweight” rating to an “equal weight” rating and raised its price target for the company from $54.00 to $57.00 in a report from Tuesday, January 4. Ultimately, Zacks Investment Research upgraded AXIS Capital’s shares from a “hold” rating to a “strong-buy” rating and set a target price of $66.00 for the company in a Monday, January 17 report.
AXS stock opened at $55.80 on Monday. AXIS Capital has a 52-week low of $44.49 and a 52-week high of $58.61. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt ratio of 0.32. The stock has a market capitalization of $4.73 billion, a PE ratio of 8.09, a growth price-earnings ratio of 1.91 and a beta of 0.92. The company has a 50-day moving average of $55.48 and a 200-day moving average of $52.35.
AXIS Capital (NYSE:AXS- Get a rating) last released its quarterly results on Wednesday, January 26. The insurance provider reported earnings per share (EPS) of $2.13 for the quarter, beating analyst consensus estimates of $1.51 by $0.62. AXIS Capital posted a net margin of 11.62% and a return on equity of 9.82%. The company posted revenue of $947.41 million in the quarter, versus analyst estimates of $922.43 million. During the same period last year, the company posted ($0.20) EPS. AXIS Capital’s revenue for the quarter increased by 20.6% compared to the same quarter last year. On average, equity research analysts expect AXIS Capital to post earnings per share of 5.6 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 18. Shareholders of record on Thursday, March 31 will receive a dividend of $0.43 per share. This represents an annualized dividend of $1.72 and a dividend yield of 3.08%. This is a positive change from AXIS Capital’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, March 30. AXIS Capital’s payout ratio is 24.35%.
Several large investors have recently bought and sold shares of the company. Comerica Bank increased its equity stake in AXIS Capital by 1.2% during the 4th quarter. Comerica Bank now owns 258,001 shares of the insurance provider valued at $14,469,000 after buying 3,095 additional shares last quarter. Goldman Sachs Group Inc. increased its stake in AXIS Capital by 44.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 318,521 shares of the insurance provider worth $17,350,000 after acquiring 97,265 additional shares last quarter. Allianz Asset Management GmbH increased its stake in AXIS Capital by 108.3% in the 4th quarter. Allianz Asset Management GmbH now owns 198,411 shares of the insurance provider worth $10,807,000 after acquiring an additional 103,167 shares last quarter. Autumn Glory Partners LLC acquired a new stake in AXIS Capital in Q4 valued at $430,000. Finally, Madison Asset Management LLC increased its stake in AXIS Capital by 0.7% in the 4th quarter. Madison Asset Management LLC now owns 112,954 shares of the insurance provider worth $6,153,000 after acquiring 836 additional shares in the last quarter. 90.75% of the shares are held by hedge funds and other institutional investors.
AXIS Capital Company Profile (Get a rating)
AXIS Capital Holdings Ltd. provides various insurance and reinsurance products and services. It operates through Insurance and Reinsurance segments. The Insurance segment offers property, marine, terrorism, aviation, political risk, professional, liability and accident and health insurance products.
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