Equities research analysts at Buckingham Research started coverage on shares of Axis Capital Holdings Limited (NYSE:AXS) in a research note issued on Monday, MarketBeat reports. The brokerage set a “neutral” rating and a $58.00 price target on the insurance provider’s stock. Buckingham Research’s price target would indicate a potential upside of 5.24% from the stock’s previous close.

Other research analysts have also issued research reports about the company. ValuEngine raised Axis Capital Holdings Limited from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $64.00 price objective on shares of Axis Capital Holdings Limited in a report on Friday, June 2nd. BidaskClub lowered Axis Capital Holdings Limited from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Zacks Investment Research raised Axis Capital Holdings Limited from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $70.00 price objective (up previously from $68.00) on shares of Axis Capital Holdings Limited in a report on Thursday, July 6th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. Axis Capital Holdings Limited presently has an average rating of “Hold” and a consensus target price of $66.20.

Axis Capital Holdings Limited (NYSE AXS) traded up 5.48% during midday trading on Monday, reaching $58.13. The company’s stock had a trading volume of 770,659 shares. The stock’s 50 day moving average is $62.49 and its 200 day moving average is $65.05. Axis Capital Holdings Limited has a 12-month low of $52.15 and a 12-month high of $71.06. The stock has a market cap of $4.83 billion, a P/E ratio of 12.83 and a beta of 0.61.

Axis Capital Holdings Limited (NYSE:AXS) last released its earnings results on Wednesday, July 26th. The insurance provider reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.12. The business had revenue of $956.02 million for the quarter, compared to analyst estimates of $989.95 million. Axis Capital Holdings Limited had a return on equity of 9.17% and a net margin of 10.81%. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 earnings per share. Analysts anticipate that Axis Capital Holdings Limited will post $3.95 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Axis Capital Holdings Limited by 3.0% during the first quarter. Vanguard Group Inc. now owns 8,151,654 shares of the insurance provider’s stock worth $546,405,000 after purchasing an additional 234,043 shares in the last quarter. BlackRock Inc. boosted its position in Axis Capital Holdings Limited by 3,740.9% during the first quarter. BlackRock Inc. now owns 6,741,122 shares of the insurance provider’s stock worth $451,855,000 after purchasing an additional 6,565,613 shares in the last quarter. State Street Corp boosted its position in Axis Capital Holdings Limited by 2.6% during the first quarter. State Street Corp now owns 3,093,192 shares of the insurance provider’s stock worth $207,334,000 after purchasing an additional 79,832 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Axis Capital Holdings Limited by 1.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,678,214 shares of the insurance provider’s stock worth $108,514,000 after purchasing an additional 27,465 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Axis Capital Holdings Limited by 1.3% during the second quarter. Northern Trust Corp now owns 1,143,841 shares of the insurance provider’s stock worth $73,960,000 after purchasing an additional 14,526 shares in the last quarter. Institutional investors own 86.18% of the company’s stock.

Axis Capital Holdings Limited Company Profile

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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