Axis Capital Holdings Limited (NYSE:AXS) has been given a consensus rating of “Hold” by the fourteen brokerages that are covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $63.78.

AXS has been the subject of several recent research reports. BidaskClub downgraded shares of Axis Capital Holdings Limited from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $70.00 price objective (up previously from $68.00) on shares of Axis Capital Holdings Limited in a research report on Thursday, July 6th. Wells Fargo & Company reaffirmed a “sell” rating on shares of Axis Capital Holdings Limited in a research report on Thursday, July 6th. Zacks Investment Research downgraded shares of Axis Capital Holdings Limited from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Citigroup Inc. increased their price objective on shares of Axis Capital Holdings Limited from $60.00 to $61.00 and gave the company a “sell” rating in a research report on Thursday, July 13th.

Axis Capital Holdings Limited (AXS) traded down 0.96% on Wednesday, reaching $55.45. 97,700 shares of the company’s stock traded hands. Axis Capital Holdings Limited has a 52 week low of $52.15 and a 52 week high of $71.06. The stock has a 50-day moving average of $58.09 and a 200 day moving average of $63.25. The firm has a market capitalization of $4.61 billion, a P/E ratio of 12.49 and a beta of 0.59.

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, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.12. Axis Capital Holdings Limited had a net margin of 10.81% and a return on equity of 9.17%. The company had revenue of $956.02 million during the quarter, compared to the consensus estimate of $989.95 million. During the same quarter last year, the company earned $0.51 earnings per share. Axis Capital Holdings Limited’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, equities analysts expect that Axis Capital Holdings Limited will post $0.79 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 9th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, October 5th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.71%. This is an increase from Axis Capital Holdings Limited’s previous quarterly dividend of $0.29. Axis Capital Holdings Limited’s dividend payout ratio (DPR) is presently 33.70%.

Several hedge funds have recently added to or reduced their stakes in AXS. Meeder Asset Management Inc. acquired a new stake in shares of Axis Capital Holdings Limited during the second quarter worth approximately $150,000. BlueMountain Capital Management LLC grew its position in shares of Axis Capital Holdings Limited by 62.0% during the second quarter. BlueMountain Capital Management LLC now owns 2,559 shares of the insurance provider’s stock worth $165,000 after buying an additional 979 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Axis Capital Holdings Limited during the second quarter worth approximately $203,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Axis Capital Holdings Limited during the second quarter worth approximately $207,000. Finally, Stephens Inc. AR acquired a new stake in shares of Axis Capital Holdings Limited during the first quarter worth approximately $244,000. 86.23% of the stock is owned by institutional investors and hedge funds.

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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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