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Equities researchers at JMP Securities started coverage on shares of Axis Capital Holdings Limited (NYSE:AXS) in a research report issued on Friday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.

A number of other firms have also recently commented on AXS. Analysts at Deutsche Bank reiterated a “sell” rating on shares of Axis Capital Holdings Limited in a research note on Tuesday. They now have a $40.00 price target on the stock, down previously from $41.00. Separately, analysts at BMO Capital Markets downgraded shares of Axis Capital Holdings Limited from a “market perform” rating to an “underperform” rating in a research note on Friday, May 2nd. They now have a $44.00 price target on the stock, down previously from $47.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Axis Capital Holdings Limited in a research note on Wednesday, April 30th. They now have a $49.00 price target on the stock. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $46.57.

Shares of Axis Capital Holdings Limited (NYSE:AXS) opened at 44.59 on Friday. Axis Capital Holdings Limited has a 1-year low of $41.82 and a 1-year high of $49.75. The stock’s 50-day moving average is $45.80 and its 200-day moving average is $46.07. The company has a market cap of $4.805 billion and a price-to-earnings ratio of 9.78.

Axis Capital Holdings Limited (NYSE:AXS) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.24 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.34 by $0.10. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the company posted $1.92 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. On average, analysts predict that Axis Capital Holdings Limited will post $4.40 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Thursday, June 26th.

AXIS Capital Holdings Limited is a holding company for the AXIS group of companies. The Company provides a range of specialty (NYSE:AXS)insurance on a worldwide basis, through operating subsidiaries and branch networks based in Bermuda, the United States, Canada, Europe, Australia and Singapore.

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