Axis Capital Holdings Limited (NYSE:AXS) was downgraded by investment analysts at TheStreet from a “b-” rating to a “c” rating in a report issued on Wednesday.

A number of other research firms have also weighed in on AXS. Bank of America Corporation lowered their price target on shares of Axis Capital Holdings Limited from $73.00 to $67.00 and set a “buy” rating for the company in a report on Friday, October 13th. ValuEngine lowered shares of Axis Capital Holdings Limited from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Citigroup Inc. lowered their price target on shares of Axis Capital Holdings Limited from $59.00 to $58.00 and set a “neutral” rating for the company in a report on Monday, October 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $67.00 price target on shares of Axis Capital Holdings Limited in a report on Friday, August 18th. Finally, Zacks Investment Research lowered shares of Axis Capital Holdings Limited from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Seven equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Axis Capital Holdings Limited currently has an average rating of “Hold” and an average price target of $62.27.

Axis Capital Holdings Limited (NYSE:AXS) traded down 1.15% during trading on Wednesday, hitting $54.16. 825,263 shares of the company’s stock traded hands. Axis Capital Holdings Limited has a 12-month low of $52.15 and a 12-month high of $71.06. The firm’s 50-day moving average price is $56.90 and its 200 day moving average price is $62.34. The stock has a market cap of $4.50 billion, a P/E ratio of 11.95 and a beta of 0.59.

Axis Capital Holdings Limited (NYSE:AXS) last issued its earnings results on Wednesday, October 25th. The insurance provider reported ($5.35) EPS for the quarter, missing the Zacks’ consensus estimate of ($5.34) by ($0.01). Axis Capital Holdings Limited had a negative net margin of 4.55% and a negative return on equity of 2.54%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $972.10 million. During the same period in the prior year, the business posted $1.78 EPS. Analysts anticipate that Axis Capital Holdings Limited will post ($2.24) earnings per share for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew 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 acquiring an additional 6,565,613 shares in the last quarter. State Street Corp grew its holdings in Axis Capital Holdings Limited by 2.6% during the 1st quarter. State Street Corp now owns 3,093,192 shares of the insurance provider’s stock worth $207,334,000 after acquiring an additional 79,832 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Axis Capital Holdings Limited by 1.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,678,214 shares of the insurance provider’s stock worth $108,514,000 after acquiring an additional 27,465 shares in the last quarter. Northern Trust Corp grew its holdings in Axis Capital Holdings Limited by 1.3% during the 2nd quarter. Northern Trust Corp now owns 1,143,841 shares of the insurance provider’s stock worth $73,960,000 after acquiring an additional 14,526 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Axis Capital Holdings Limited by 5,369.7% during the 2nd quarter. Janus Henderson Group PLC now owns 695,588 shares of the insurance provider’s stock worth $44,976,000 after acquiring an additional 682,871 shares in the last quarter. 85.78% of the stock is owned by institutional investors.

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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