Conrad D. Brooks Sells 7,500 Shares of Axis Capital Holdings Limited (AXS) Stock
Axis Capital Holdings Limited (NYSE:AXS) EVP Conrad D. Brooks sold 7,500 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $52.31, for a total value of $392,325.00. Following the sale, the executive vice president now owns 6,027 shares of the company’s stock, valued at $315,272.37. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Axis Capital Holdings Limited (AXS) traded down $0.75 during trading on Friday, hitting $51.64. The stock had a trading volume of 1,014,499 shares, compared to its average volume of 551,131. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.21. Axis Capital Holdings Limited has a 12 month low of $51.14 and a 12 month high of $71.06.
Axis Capital (NYSE:AXS) last issued its earnings results on Wednesday, October 25th. The insurance provider reported ($5.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($5.34) by ($0.01). Axis Capital had a negative return on equity of 2.59% and a negative net margin of 4.55%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $972.10 million. During the same period in the previous year, the company earned $1.78 EPS. research analysts forecast that Axis Capital Holdings Limited will post -2.2 EPS for the current year.
A number of research firms have recently weighed in on AXS. UBS cut their target price on Axis Capital from $57.00 to $55.00 and set a “sell” rating for the company in a research report on Monday, October 2nd. MKM Partners cut their target price on Axis Capital from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 18th. Citigroup cut their target price on Axis Capital from $59.00 to $58.00 and set a “neutral” rating for the company in a research report on Monday, October 2nd. Zacks Investment Research downgraded Axis Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Finally, Morgan Stanley cut their target price on Axis Capital from $70.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 31st. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $61.45.
COPYRIGHT VIOLATION NOTICE: This news story was posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/01/conrad-d-brooks-sells-7500-shares-of-axis-capital-holdings-limited-axs-stock.html.
About Axis Capital
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.
Receive News & Ratings for Axis Capital Holdings Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axis Capital Holdings Limited and related companies with MarketBeat.com's FREE daily email newsletter.