Axis Capital Holdings Limited (NYSE:AXS) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Other analysts also recently issued reports about the company. Morgan Stanley reiterated an “equal weight” rating and set a $70.00 target price (up from $68.00) on shares of Axis Capital Holdings Limited in a research note on Thursday, July 6th. Zacks Investment Research upgraded Axis Capital Holdings Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $64.00 target price on shares of Axis Capital Holdings Limited in a research note on Friday, June 2nd. Wells Fargo & Company reiterated a “sell” rating on shares of Axis Capital Holdings Limited in a research note on Thursday, July 27th. Finally, Citigroup Inc. increased their target price on Axis Capital Holdings Limited from $60.00 to $61.00 and gave the company a “sell” rating in a research note on Thursday, July 13th. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $67.11.

Shares of Axis Capital Holdings Limited (NYSE AXS) traded up 4.69% during mid-day trading on Thursday, reaching $55.11. The company had a trading volume of 1,375,895 shares. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 12.16 and a beta of 0.61. Axis Capital Holdings Limited has a one year low of $52.15 and a one year high of $71.06. The company has a 50 day moving average price of $62.56 and a 200 day moving average price of $65.10.

Axis Capital Holdings Limited (NYSE:AXS) last issued its earnings results on Wednesday, July 26th. The insurance provider reported $1.31 EPS for the quarter, beating the consensus estimate 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 business had revenue of $956.02 million for the quarter, compared to the consensus estimate of $989.95 million. During the same period last year, the business posted $0.51 EPS. The company’s revenue was down 5.1% compared to the same quarter last year. On average, analysts anticipate that Axis Capital Holdings Limited will post $3.95 EPS for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in AXS. Macquarie Group Ltd. lifted its holdings in shares of Axis Capital Holdings Limited by 31.8% during the 4th quarter. Macquarie Group Ltd. now owns 2,900 shares of the insurance provider’s stock valued at $189,000 after buying an additional 700 shares during the period. Capstone Asset Management Co. lifted its holdings in shares of Axis Capital Holdings Limited by 2.9% during the 1st quarter. Capstone Asset Management Co. now owns 4,688 shares of the insurance provider’s stock valued at $314,000 after buying an additional 130 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Axis Capital Holdings Limited by 7.8% during the 1st quarter. ProShare Advisors LLC now owns 13,024 shares of the insurance provider’s stock valued at $873,000 after buying an additional 941 shares during the period. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of Axis Capital Holdings Limited by 16.0% during the 1st 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 period. Finally, Commerzbank Aktiengesellschaft FI bought a new position in shares of Axis Capital Holdings Limited during the 1st quarter valued at $779,000. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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