A number of research firms have changed their ratings and price targets for Axis Capital Holdings Limited (NYSE: AXS):

  • 10/2/2017 – Axis Capital Holdings Limited had its price target lowered by analysts at UBS AG from $57.00 to $55.00. They now have a “sell” rating on the stock.
  • 10/2/2017 – Axis Capital Holdings Limited had its price target lowered by analysts at Citigroup Inc. from $59.00 to $58.00. They now have a “neutral” rating on the stock.
  • 9/26/2017 – Axis Capital Holdings Limited was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Stiff competition in the reinsurance industry, slowing growth and lowering profitability along with escalating expenses eating into margins remain concerns for AXIS Capital. Also, shares of AXIS Capital have underperformed the industry in a year’s time. However, Axis Capital continues to build on its Specialty Insurance, Reinsurance, Accident and Health to pave way for long-term growth. It remains focused on deploying resources prudently, enhancing efficiencies and better serving clients and brokers across the globe. It has also been improving its portfolio mix and underwriting profitability apart from strengthening the casualty and professional lines in the insurance segment. Its inorganic growth story remains impressive with strategic buyouts. In its recent endeavor, the company even raised the offer price to buy Novae Group as the same will place AXIS Capital as one of the top ten insurers at Lloyds. “
  • 9/19/2017 – Axis Capital Holdings Limited had its price target lowered by analysts at UBS AG from $62.00 to $57.00. They now have a “sell” rating on the stock.
  • 9/11/2017 – Axis Capital Holdings Limited was upgraded by analysts at Citigroup Inc. from a “sell” rating to a “neutral” rating. They now have a $59.00 price target on the stock.
  • 9/11/2017 – Axis Capital Holdings Limited is now covered by analysts at Buckingham Research. They set a “neutral” rating and a $58.00 price target on the stock.
  • 9/7/2017 – Axis Capital Holdings Limited was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/18/2017 – Axis Capital Holdings Limited had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $67.00 price target on the stock.

Shares of Axis Capital Holdings Limited (AXS) opened at 57.21 on Wednesday. The company has a 50-day moving average price of $59.15 and a 200-day moving average price of $63.64. The firm has a market capitalization of $4.76 billion, a P/E ratio of 12.62 and a beta of 0.59. Axis Capital Holdings Limited has a 12-month low of $52.15 and a 12-month high of $71.06.

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, topping analysts’ consensus estimates of $1.19 by $0.12. The company had revenue of $956.02 million for the quarter, compared to analysts’ expectations of $989.95 million. Axis Capital Holdings Limited had a net margin of 10.81% and a return on equity of 9.17%. The firm’s revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 EPS. Equities analysts predict that Axis Capital Holdings Limited will post $4.02 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 9th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.66%. This is a positive change from Axis Capital Holdings Limited’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Thursday, October 5th. Axis Capital Holdings Limited’s dividend payout ratio is presently 33.70%.

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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