Axis Capital Holdings Limited (NYSE:AXS)‘s stock had its “hold” rating reiterated by stock analysts at Keefe, Bruyette & Woods in a research report issued on Friday. They currently have a $67.00 price objective on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 6.18% from the stock’s current price.

AXS has been the subject of a number of other research reports. Zacks Investment Research cut Axis Capital Holdings Limited from a “hold” rating to a “strong sell” rating in a report on Monday, May 8th. ValuEngine upgraded Axis Capital Holdings Limited from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub cut Axis Capital Holdings Limited from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Wells Fargo & Company reiterated a “sell” rating on shares of Axis Capital Holdings Limited in a research note on Thursday, July 6th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $70.00 price target (up from $68.00) on shares of Axis Capital Holdings Limited in a research note on Thursday, July 6th. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Axis Capital Holdings Limited has a consensus rating of “Hold” and an average price target of $67.11.

Shares of Axis Capital Holdings Limited (NYSE:AXS) traded up 0.60% during trading on Friday, hitting $63.48. The stock had a trading volume of 532,481 shares. Axis Capital Holdings Limited has a 12-month low of $53.66 and a 12-month high of $71.06. The stock’s 50-day moving average is $64.39 and its 200-day moving average is $65.84. The stock has a market capitalization of $5.28 billion, a P/E ratio of 14.01 and a beta of 0.60.

Axis Capital Holdings Limited (NYSE:AXS) last issued its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.12. Axis Capital Holdings Limited had a return on equity of 9.17% and a net margin of 10.81%. The company had revenue of $956.02 million during the quarter, compared to analysts’ expectations of $989.95 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The business’s revenue was down 5.1% on a year-over-year basis. Analysts predict that Axis Capital Holdings Limited will post $4.01 EPS for the current fiscal year.

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Large investors have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new stake in Axis Capital Holdings Limited during the first quarter valued at $529,000. 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 last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in Axis Capital Holdings Limited by 16.0% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,245 shares of the insurance provider’s stock valued at $485,000 after buying an additional 1,001 shares during the last quarter. Benedict Financial Advisors Inc. boosted its stake in Axis Capital Holdings Limited by 7.7% in the first quarter. Benedict Financial Advisors Inc. now owns 15,662 shares of the insurance provider’s stock valued at $1,050,000 after buying an additional 1,124 shares during the last quarter. Finally, Breton Hill Capital Ltd. acquired a new stake in Axis Capital Holdings Limited during the first quarter valued at $257,000. Institutional investors and hedge funds own 89.74% of the company’s stock.

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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