Axis Capital Holdings Limited (NYSE:AXS) has been given a consensus rating of “Hold” by the fourteen analysts that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $64.56.

A number of brokerages have recently weighed in on AXS. Buckingham Research began coverage on Axis Capital Holdings Limited in a research note on Monday, September 11th. They issued a “neutral” rating and a $58.00 price objective for the company. Citigroup Inc. boosted their target price on Axis Capital Holdings Limited from $60.00 to $61.00 and gave the stock a “sell” rating in a research note on Thursday, July 13th. ValuEngine cut Axis Capital Holdings Limited from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Morgan Stanley reissued 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. Finally, Wells Fargo & Company reissued a “sell” rating on shares of Axis Capital Holdings Limited in a research note on Thursday, July 6th.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. Nepsis Capital Management Inc. lifted its holdings in Axis Capital Holdings Limited by 106.6% during the 2nd quarter. Nepsis Capital Management Inc. now owns 80,774 shares of the insurance provider’s stock worth $5,223,000 after buying an additional 41,673 shares during the last quarter. Dai Ichi Life Insurance Company Ltd lifted its holdings in Axis Capital Holdings Limited by 12.6% during the 1st quarter. Dai Ichi Life Insurance Company Ltd now owns 75,562 shares of the insurance provider’s stock worth $5,065,000 after buying an additional 8,459 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Axis Capital Holdings Limited by 48.8% during the 1st quarter. Renaissance Technologies LLC now owns 165,300 shares of the insurance provider’s stock worth $11,080,000 after buying an additional 54,200 shares during the last quarter. BlackRock Inc. lifted its holdings in Axis Capital Holdings Limited by 3,740.9% during the 1st quarter. BlackRock Inc. now owns 6,741,122 shares of the insurance provider’s stock worth $451,855,000 after buying an additional 6,565,613 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Axis Capital Holdings Limited by 67.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 66,957 shares of the insurance provider’s stock worth $4,341,000 after buying an additional 26,998 shares during the last quarter. 86.18% of the stock is owned by institutional investors.

Shares of Axis Capital Holdings Limited (AXS) opened at 58.12 on Friday. The firm has a 50 day moving average price of $61.68 and a 200 day moving average price of $64.74. The stock has a market capitalization of $4.83 billion, a PE ratio of 12.82 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.

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 for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $989.95 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The company’s revenue was down 5.1% on a year-over-year basis. Analysts predict that Axis Capital Holdings Limited will post $3.95 earnings per share for the current fiscal year.

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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