Shares of Axis Capital Holdings Limited (NYSE:AXS) have been assigned an average recommendation of “Hold” from the thirteen brokerages that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $65.25.

A number of analysts have commented on the stock. Zacks Investment Research downgraded shares of Axis Capital Holdings Limited from a “hold” rating to a “strong sell” rating in a report on Monday, May 8th. Citigroup Inc. increased their price objective on shares of Axis Capital Holdings Limited from $60.00 to $61.00 and gave the company a “sell” rating in a report on Friday, April 7th. Wells Fargo & Company reiterated a “sell” rating on shares of Axis Capital Holdings Limited in a report on Thursday. ValuEngine upgraded shares of Axis Capital Holdings Limited from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub downgraded shares of Axis Capital Holdings Limited from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th.

Shares of Axis Capital Holdings Limited (NYSE AXS) opened at 63.49 on Friday. The firm’s 50-day moving average price is $64.59 and its 200 day moving average price is $65.91. The stock has a market capitalization of $5.37 billion, a P/E ratio of 13.18 and a beta of 0.60. Axis Capital Holdings Limited has a 52 week low of $53.66 and a 52 week high of $71.06.

Axis Capital Holdings Limited (NYSE:AXS) last released its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.31 EPS for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.12. The company had revenue of $956.02 million during the quarter, compared to the consensus estimate of $989.95 million. Axis Capital Holdings Limited had a net margin of 11.74% and a return on equity of 7.86%. Axis Capital Holdings Limited’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS. Analysts expect that Axis Capital Holdings Limited will post $3.93 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were paid a $0.38 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $1.52 annualized dividend and a dividend yield of 2.39%. Axis Capital Holdings Limited’s dividend payout ratio (DPR) is 33.70%.

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Axis Capital Holdings Limited by 3,740.9% in the first quarter. BlackRock Inc. now owns 6,741,122 shares of the insurance provider’s stock valued at $451,855,000 after buying an additional 6,565,613 shares during the period. JPMorgan Chase & Co. boosted its stake in Axis Capital Holdings Limited by 63.2% in the first quarter. JPMorgan Chase & Co. now owns 746,488 shares of the insurance provider’s stock valued at $50,038,000 after buying an additional 289,144 shares during the period. Wells Fargo & Company MN boosted its stake in Axis Capital Holdings Limited by 27.4% in the first quarter. Wells Fargo & Company MN now owns 1,091,883 shares of the insurance provider’s stock valued at $73,189,000 after buying an additional 234,985 shares during the period. Vanguard Group Inc. boosted its stake in Axis Capital Holdings Limited by 3.0% in the first quarter. Vanguard Group Inc. now owns 8,151,654 shares of the insurance provider’s stock valued at $546,405,000 after buying an additional 234,043 shares during the period. Finally, Credit Agricole S A boosted its stake in Axis Capital Holdings Limited by 293.8% in the first quarter. Credit Agricole S A now owns 177,558 shares of the insurance provider’s stock valued at $11,901,000 after buying an additional 132,466 shares during the period. 88.34% of the stock is owned by institutional investors and hedge funds.

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About Axis Capital Holdings Limited

AXIS Capital Holdings Limited is a holding company. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe and Singapore. Its business consists of two global underwriting platforms: AXIS Insurance and AXIS Re.

Analyst Recommendations for Axis Capital Holdings Limited (NYSE:AXS)

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