Insider Selling: Axis Capital Holdings Limited EVP Sells 10,000 Shares of Stock (AXS)
Axis Capital Holdings Limited (NYSE:AXS) EVP Richard T. Gieryn, Jr. sold 10,000 shares of Axis Capital Holdings Limited stock on the open market in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $46.46, for a total transaction of $464,600.00. Following the completion of the transaction, the executive vice president now directly owns 100,030 shares in the company, valued at approximately $4,647,394. The sale was disclosed in a document filed with the SEC, which is available at this link.
Axis Capital Holdings Limited (NYSE:AXS) traded down 0.11% during mid-day trading on Tuesday, hitting $46.68. The stock had a trading volume of 197,914 shares. Axis Capital Holdings Limited has a 52 week low of $41.82 and a 52 week high of $49.75. The stock has a 50-day moving average of $45.8 and a 200-day moving average of $45.75. The company has a market cap of $5.031 billion and a price-to-earnings ratio of 10.21.
Axis Capital Holdings Limited (NYSE:AXS) last released its 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. Analysts expect that Axis Capital Holdings Limited will post $4.42 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Thursday, June 26th.
AXS has been the subject of a number of recent research reports. Analysts at JMP Securities initiated coverage on shares of Axis Capital Holdings Limited in a research note on Friday, May 16th. They set an “outperform” rating and a $53.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “sell” rating on shares of Axis Capital Holdings Limited in a research note on Tuesday, May 13th. They now have a $40.00 price target on the stock, down previously from $41.00. Finally, 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. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Axis Capital Holdings Limited has an average rating of “Hold” and an average target price of $47.38.
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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